Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Nigeria - 2022
Contents:
- Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Nigeria (CIF) - 2022
- Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Nigeria (FOB) - 2022
- Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Nigeria
- Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Nigeria
Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Nigeria (CIF) - 2022
In 2022, the average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses amounted to $549 per unit, surging by 34% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses increased by +67.5% against 2017 indices. As a result, import price reached 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 China ($549 per unit), while the price for the UK ($221 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+33.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Nigeria (FOB) - 2022
The average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $624 per unit in 2022, almost unchanged from the previous year. Overall, the export price enjoyed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($755 per unit), while the average price for exports to Benin ($591 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (-2.3%).
Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Nigeria
In 2022, the amount of heaters; instantaneous or storage water heaters, non-electric, other than gasses imported into Nigeria declined to 6.4K units, with a decrease of -14% compared with 2021 figures. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. Imports peaked at 8.4K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses surged to $3.5M in 2022. Overall, total imports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +3.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 707 | 1,369 | 2,402 | 1,941 | 40.0% |
| India | 2.5 | 62.8 | 180 | 616 | 526.9% |
| France | 2.8 | 0.5 | 0.6 | 437 | 438.4% |
| Belgium | N/A | N/A | 5.1 | 324 | 6252.9% |
| Australia | N/A | N/A | 132 | 88.8 | -32.7% |
| Germany | 2,224 | 91.8 | 22.4 | 51.9 | -71.4% |
| Denmark | N/A | 225 | 3.0 | N/A | -98.7% |
| Others | 292 | 507 | 303 | 67.4 | -38.7% |
| Total | 3,228 | 2,256 | 3,049 | 3,525 | 3.0% |
Top Suppliers of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas to Nigeria in 2022:
- China (3532.0 units)
- India (1121.0 units)
- France (795.0 units)
- Belgium (590.0 units)
- Australia (162.0 units)
- Germany (95.0 units)
Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Nigeria
Exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses from Nigeria dropped rapidly to 43 units in 2022, which is down by -50.6% compared with the year before. Overall, exports faced a dramatic decline. Over the period under review, the exports of reached the maximum at 87 units in 2021, and then declined notably in the following year.
In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses reduced sharply to $27K in 2022. Over the period under review, exports showed a sharp decline. Over the period under review, the exports of reached the peak figure at $54K in 2021, and then contracted sharply in the following year.
| Export of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Niger | 51.2 | 18.3 | -64.3% | ||
| Benin | 2.1 | 4.7 | 123.8% | ||
| Angola | N/A | 3.8 | 0% | ||
| Others | 0.3 | N/A | 0% | ||
| Total | 53.7 | 26.8 | -50.1% | ||
Top Export Markets for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas from Nigeria in 2022:
- Niger (30.0 units)
- Benin (8.0 units)
- Angola (5.0 units)
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