Nigeria - Distributors And Ignition Coils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIgnition Coil Price in Nigeria - 2022
Contents:
- Ignition Coil Price in Nigeria (CIF) - 2022
- Ignition Coil Price in Nigeria (FOB) - 2022
- Ignition Coil Imports in Nigeria
- Ignition Coil Exports in Nigeria
Ignition Coil Price in Nigeria (CIF) - 2022
The average ignition coil import price stood at $14 per unit in 2022, jumping by 23% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 23% against the previous year. Over the period under review, average import prices reached the maximum at $17 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +2.5% per year.
Ignition Coil Price in Nigeria (FOB) - 2022
In 2022, the average ignition coil export price amounted to $9.2 per unit, declining by -10.7% against the previous year. Overall, the export price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2013 an increase of 22% against the previous year. As a result, the export price attained the peak level of $16 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($9.2 per unit), while the average price for exports to Bolivia ($9.2 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 Angola (-3.9%), while the prices for the other major destinations experienced a decline.
Ignition Coil Imports in Nigeria
In 2022, ignition coil imports into Nigeria surged to 68K units, increasing by 58% against the previous year's figure. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, ignition coil imports soared to $949K in 2022. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Ignition Coil in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 54.4 | 27.0 | 39.3 | 949 | 159.4% |
Belgium | 19.6 | 175 | 92.8 | N/A | 117.6% |
China | 90.3 | 39.3 | 51.4 | N/A | -24.6% |
United Kingdom | 21.4 | 69.9 | 71.4 | N/A | 82.7% |
Italy | 82.6 | 37.6 | 0.8 | N/A | -90.2% |
United States | 81.9 | 37.7 | 87.9 | N/A | 3.6% |
Others | 51.0 | 84.4 | 145 | N/A | 68.6% |
Total | 401 | 471 | 488 | 949 | 33.3% |
Top Suppliers of Ignition Coil to Nigeria in 2022:
- United Arab Emirates (68.2K units)
Ignition Coil Exports in Nigeria
In 2022, the amount of distributors and ignition coils exported from Nigeria skyrocketed to 5.6K units, increasing by 693% compared with the previous year. Overall, exports enjoyed a resilient increase. Over the period under review, the exports attained the maximum at 11K units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, ignition coil exports soared to $52K in 2022. Over the period under review, exports saw a remarkable increase. Over the period under review, the exports reached the maximum at $97K in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
Export of Ignition Coil in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sao Tome and Principe | 0.7 | N/A | N/A | 39.8 | 284.5% |
Zimbabwe | 0.1 | N/A | 0.2 | 9.0 | 348.1% |
Bolivia | N/A | N/A | N/A | 3.2 | 0% |
Cote d'Ivoire | 27.9 | 79.8 | N/A | N/A | 186.0% |
Angola | 15.2 | 16.7 | 3.7 | N/A | -50.7% |
Others | 0.5 | 0.1 | 3.5 | N/A | 164.6% |
Total | 44.4 | 96.7 | 7.3 | 52.0 | 5.4% |
Top Export Markets for Ignition Coil from Nigeria in 2022:
- Sao Tome and Principe (4.3K units)
- Zimbabwe (1.0K units)
- Bolivia (0.3K units)
This report provides an in-depth analysis of the ignition coil 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 29312170 - Distributors and ignition coils
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
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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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