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Nigeria - Cooling Towers, Vacuum-Vapour Plants, and Other Machinery for Material Treatment by Heating or Cooling Process - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNigeria: Market for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process 2024
Market Size for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process in Nigeria
For the third consecutive year, the Nigerien market for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption, however, posted a strong expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.
Exports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process
Exports from Nigeria
For the third year in a row, Nigeria recorded decline in overseas shipments of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process, which decreased by X% to X units in 2015. Over the period under review, exports continue to indicate a dramatic shrinkage. Over the period under review, the exports of reached the peak figure at X units in 2012; however, from 2013 to 2015, the exports failed to regain momentum.
In value terms, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process reduced dramatically to $X in 2015. In general, exports continue to indicate a significant decrease. The smallest decline of X% was in 2013. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2015, the exports failed to regain momentum.
Exports by Country
Sierra Leone (X units) was the main destination for exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process from Nigeria, with a X% share of total exports. Moreover, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process to Sierra Leone exceeded the volume sent to the second major destination, Ghana (X units), fourfold. The third position in this ranking was held by Cote d'Ivoire (X units), with a X% share.
From 2012 to 2015, the average annual rate of growth in terms of volume to Sierra Leone amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).
In value terms, Sierra Leone ($X) emerged as the key foreign market for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process exports from Nigeria, comprising X% of total exports. The second position in the ranking was taken by Uganda ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.
From 2012 to 2015, the average annual rate of growth in terms of value to Sierra Leone stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (X% per year) and Ghana (X% per year).
Export Prices by Country
In 2015, the average export price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process amounted to $X per unit, shrinking by X% against the previous year. In general, the export price recorded a sharp reduction. The most prominent rate of growth was recorded in 2014 when the average export price decreased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2015, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.
From 2012 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process
Imports into Nigeria
In 2022, purchases abroad of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process decreased by X% to X units, falling for the second year in a row after two years of growth. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports of attained the peak figure at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.
In value terms, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process reduced markedly to $X in 2022. Overall, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Imports by Country
In 2022, China (X units) was the main supplier of machinery for material treatment by heating or cooling process to Nigeria, accounting for a X% share of total imports. It was followed by India (X units), with a X% share of total imports. The third position in this ranking was taken by Italy (X units), with a X% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Italy (X% per year).
In value terms, China ($X) constituted the largest supplier of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process to Nigeria, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Italy, with a X% share.
From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Italy (X% per year).
Import Prices by Country
In 2022, the average import price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for machinery for material treatment by heating or cooling process 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 28296030 - Cooling towers and similar plant for direct cooling by means of recirculated water
- Prodcom 28296050 - Vacuum-vapour plant for the deposition of metal
- Prodcom 28296090 - Machinery, plant or laboratory equipment, whether or not electrically heated, for the treatment of materials by a process involving a change of temperature, n.e.c.
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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