Nigeria - Domestic Electro-Thermic Appliances - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingDomestic Electro-Thermic Appliances Price in Nigeria - 2022
Contents:
- Domestic Electro-Thermic Appliances Price in Nigeria (CIF) - 2022
- Domestic Electro-Thermic Appliances Price in Nigeria (FOB) - 2022
- Domestic Electro-Thermic Appliances Imports in Nigeria
- Domestic Electro-Thermic Appliances Exports in Nigeria
Domestic Electro-Thermic Appliances Price in Nigeria (CIF) - 2022
In 2022, the average domestic electro-thermic appliances import price amounted to $58 per unit, almost unchanged from the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, domestic electro-thermic appliances import price increased by +37.4% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 51%. The import price peaked in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($135 per unit), while the price for Hong Kong SAR ($31 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Domestic Electro-Thermic Appliances Price in Nigeria (FOB) - 2022
The average domestic electro-thermic appliances export price stood at $36 per unit in 2022, dropping by -47.4% against the previous year. In general, the export price, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 an increase of 90%. As a result, the export price reached the peak level of $69 per unit, and then declined remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($62 per unit), while the average price for exports to Cyprus ($5 per unit) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+77.0%), while the prices for the other major destinations experienced more modest paces of growth.
Domestic Electro-Thermic Appliances Imports in Nigeria
For the third year in a row, Nigeria recorded decline in purchases abroad of domestic electro-thermic appliances, which decreased by -10.3% to 691K units in 2022. Overall, imports saw a abrupt descent. Over the period under review, imports hit record highs at 1.3M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, domestic electro-thermic appliances imports contracted to $40M in 2022. Over the period under review, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 0.5%. As a result, imports attained the peak of $57M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Domestic Electro-Thermic Appliances in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 36.3 | 38.8 | 29.6 | 27.6 | -8.7% |
Italy | 9.2 | 7.5 | 5.5 | 5.4 | -16.3% |
Turkey | 2.3 | 4.0 | 2.2 | 2.6 | 4.2% |
Hong Kong SAR | 0.3 | 0.9 | 0.4 | 1.2 | 58.7% |
India | 0.6 | 0.7 | 1.4 | 0.9 | 14.5% |
Others | 8.2 | 5.1 | 5.4 | 2.5 | -32.7% |
Total | 56.8 | 57.1 | 44.6 | 40.3 | -10.8% |
Top Suppliers of Domestic Electro-Thermic Appliances to Nigeria in 2022:
- China (495.2K units)
- Italy (68.8K units)
- Hong Kong SAR (39.7K units)
- Turkey (19.4K units)
- India (19.4K units)
Domestic Electro-Thermic Appliances Exports in Nigeria
In 2022, exports of domestic electro-thermic appliances from Nigeria skyrocketed to 1.6K units, rising by 14,836% against 2021 figures. Overall, exports, however, recorded a dramatic downturn. The exports peaked at 3.3K units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, domestic electro-thermic appliances exports surged to $60K in 2022. Over the period under review, exports, however, recorded a dramatic decline. Over the period under review, the exports reached the maximum at $119K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
Export of Domestic Electro-Thermic Appliances in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Togo | N/A | N/A | 15.3 | 0% | |
Kenya | N/A | N/A | 14.9 | 0% | |
Benin | N/A | N/A | 9.4 | 0% | |
Angola | 46.7 | 0.1 | 8.3 | -57.8% | |
United Arab Emirates | N/A | N/A | 5.5 | 0% | |
Ethiopia | 34.4 | N/A | 0.5 | -87.9% | |
South Africa | N/A | N/A | 0.3 | 0% | |
Cyprus | N/A | N/A | 0.2 | 0% | |
Cote d'Ivoire | 3.7 | 0.1 | N/A | -97.3% | |
Niger | 31.1 | N/A | N/A | 0% | |
Sri Lanka | 0.3 | N/A | N/A | 0% | |
Others | 2.5 | 0.5 | 5.3 | 45.6% | |
Total | 119 | 0.8 | 59.7 | -29.2% |
Top Export Markets for Domestic Electro-Thermic Appliances from Nigeria in 2022:
- Togo (447.0 units)
- Benin (273.0 units)
- Angola (244.0 units)
- Kenya (238.0 units)
- United Arab Emirates (150.0 units)
- Cyprus (42.0 units)
- South Africa (34.0 units)
- Ethiopia (15.0 units)
- Niger (1.0 units)
This report provides an in-depth analysis of the domestic electro-thermic appliances market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27512490 - Electro-thermic appliances, for domestic use (excluding hairdressing appliances and hand dryers, space-heating and soil-heating apparatus, water heaters, immersion heaters, s moothing irons, microwave ovens, ovens, cookers, cooking plates, boiling rings, grillers, roasters, coffee makers, tea makers and toasters)
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the domestic electro-thermic appliances market in Nigeria.
This report provides an in-depth analysis of the domestic electric oven market in Nigeria.
This report provides an in-depth analysis of the hair curler market in Nigeria.
This report provides an in-depth analysis of the electric heating radiator market in Nigeria.
This report provides an in-depth analysis of the electric radiator market in Nigeria.
This report provides an in-depth analysis of the electric heating resistor market in Nigeria.
This report provides an in-depth analysis of the electric hand-dryer market in Nigeria.
This report provides an in-depth analysis of the electric hair dryer market in Nigeria.
This report provides an in-depth analysis of the market for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines in Nigeria.
This report provides an in-depth analysis of the microwave oven market in Nigeria.
Explore the top import markets for hair curlers in 2023, including the United States, Germany, and more. Discover key statistics and trends in the global market.
Discover the top countries leading the import market for electric radiators, with key statistics and insights provided by IndexBox's market intelligence platform.
Explore the top import markets for electric heating resistor and the key statistics from leading countries. Find out where the demand is highest and what drives the market growth.
Explore the top import markets for Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters, and Coffee Machines. Find out key statistics and insights on the global market.
Explore the top import markets for microwave ovens worldwide and analyze key statistics and numbers behind their success. Discover lucrative opportunities in these markets.
Discover the top import markets for domestic coffee machines around the world. Explore key statistics and insights into the market potential of these countries. Stay informed with IndexBox market intelligence platform.
The average domestic coffee machine export price soared from $43 per unit in 2019 to $92 per unit in 2020. Among the leading exporters, the most notable price growth rate was attained by China. The average export price for Chinese coffee machines grew fivefold.
Discover the top import markets for electric water heaters and the key statistics behind their strong demand for efficient water heating solutions.
With a huge jump in exports in 2014, Mexico surged to the second spot in the global electric water heater and immersion heater trade. In 2014, Mexico exported X thousand tons of electric water heaters and immersion heaters totaling X million USD
Discover the top import markets for electric heating equipment in the world. Learn about the key countries driving the demand for energy-efficient heating solutions.