Nigeria - Oil Or Petrol-Filters For Internal Combustion Engines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFuel Filter Price in Nigeria - 2022
Contents:
- Fuel Filter Price in Nigeria (CIF) - 2022
- Fuel Filter Price in Nigeria (FOB) - 2022
- Fuel Filter Imports in Nigeria
- Fuel Filter Exports in Nigeria
Fuel Filter Price in Nigeria (CIF) - 2022
The average fuel filter import price stood at $14 per unit in 2022, growing by 50% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fuel filter import price increased by +92.1% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($16 per unit), while the price for South Africa ($5.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Fuel Filter Price in Nigeria (FOB) - 2022
In 2022, the average fuel filter export price amounted to $3.3 per unit, shrinking by -8.1% against the previous year. Overall, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2014 an increase of 21% against the previous year. As a result, the export price reached the peak level of $7.1 per unit. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($8 per unit), while the average price for exports to Gambia ($0.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Fuel Filter Imports in Nigeria
For the third consecutive year, Nigeria recorded decline in overseas purchases of oil or petrol-filters for internal combustion engines, which decreased by -30% to 1M units in 2022. Overall, imports faced a significant curtailment. The smallest decline of -19.6% was in 2020. Imports peaked at 3.1M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, fuel filter imports expanded significantly to $15M in 2022. In general, imports saw a deep downturn. Imports peaked at $25M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Fuel Filter in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 0.8 | 0.3 | 1.1 | 2.2 | 40.1% |
China | 7.4 | 10.9 | 1.9 | 2.2 | -33.3% |
Belgium | 5.5 | 1.3 | 1.1 | 2.0 | -28.6% |
Germany | 0.6 | 1.1 | 1.2 | 1.9 | 46.8% |
Netherlands | 0.4 | 0.4 | 0.2 | 0.6 | 14.5% |
Italy | 0.5 | 0.8 | 0.3 | 0.6 | 6.3% |
United Arab Emirates | 0.8 | 0.6 | 0.4 | 0.6 | -9.1% |
France | 0.7 | 1.8 | 2.1 | 0.6 | -5.0% |
United States | 5.1 | 2.9 | 2.7 | 0.5 | -53.9% |
India | 0.7 | 0.5 | 0.4 | 0.5 | -10.6% |
Sweden | 0.6 | 0.4 | 0.3 | 0.5 | -5.9% |
Mexico | 0.1 | 0.1 | 0.4 | 0.4 | 58.7% |
South Africa | 0.7 | 0.6 | 0.5 | 0.4 | -17.0% |
Others | 1.6 | 1.8 | 1.4 | 1.6 | 0.0% |
Total | 25.4 | 23.4 | 13.9 | 14.7 | -16.7% |
Top Suppliers of Fuel Filter to Nigeria in 2022:
- China (145.7K units)
- United Kingdom (142.7K units)
- Belgium (131.0K units)
- Germany (120.8K units)
- South Africa (72.0K units)
- United States (50.5K units)
- United Arab Emirates (46.2K units)
- France (39.0K units)
- Italy (37.1K units)
- Netherlands (36.3K units)
- Sweden (34.0K units)
- India (30.9K units)
- Mexico (29.1K units)
Fuel Filter Exports in Nigeria
In 2022, the amount of oil or petrol-filters for internal combustion engines exported from Nigeria soared to 40K units, increasing by 21% compared with the previous year's figure. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 43% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, fuel filter exports rose rapidly to $132K in 2022. In general, exports, however, showed a drastic downturn. Over the period under review, the exports hit record highs at $170K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Fuel Filter in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cote d'Ivoire | 87.3 | 68.3 | 54.1 | 54.5 | -14.5% |
Gambia | 0.4 | 1.1 | 2.3 | 16.2 | 243.4% |
Angola | 18.5 | 16.3 | 10.3 | 11.6 | -14.4% |
Sierra Leone | 24.8 | 21.5 | 12.8 | 9.5 | -27.4% |
Ghana | 7.5 | 9.4 | 8.0 | 8.6 | 4.7% |
Senegal | 5.4 | 7.8 | 5.8 | 5.4 | 0.0% |
Germany | 4.1 | 2.3 | 3.2 | 3.0 | -9.9% |
Uganda | 2.0 | 2.4 | 1.8 | 1.7 | -5.3% |
Others | 20.3 | 16.7 | 20.4 | 21.5 | 1.9% |
Total | 170 | 146 | 119 | 132 | -8.1% |
Top Export Markets for Fuel Filter from Nigeria in 2022:
- Gambia (23.8K units)
- Cote d'Ivoire (7.3K units)
- Ghana (2.2K units)
- Angola (1.6K units)
- Sierra Leone (1.3K units)
- Senegal (0.7K units)
- Uganda (0.5K units)
- Germany (0.4K units)
This report provides an in-depth analysis of the fuel filter 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 28291330 - Oil or petrol-filters for internal combustion engines
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.
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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
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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
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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
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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
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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
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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
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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
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