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Nigeria - Diesel Engines (Other Than for Motor Vehicles and Aircraft) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNigeria: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024
Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Nigeria
In 2022, the Nigerien market for diesel engines (other than for motor vehicles and aircraft) decreased by X% to $X, falling for the second year in a row after three years of growth. Overall, consumption showed a deep slump. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.
Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)
Exports from Nigeria
In 2022, exports of diesel engines (other than for motor vehicles and aircraft) from Nigeria contracted sharply to X units, dropping by X% against 2021. Overall, exports faced a sharp downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of diesel engines (other than for motor vehicles and aircraft) contracted dramatically to $X in 2022. Over the period under review, exports continue to indicate a precipitous contraction. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.
Exports by Country
The Netherlands (X units) was the main destination for exports of diesel engines (other than for motor vehicles and aircraft) from Nigeria, accounting for a approx. X% share of total exports.
From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.
In value terms, the Netherlands ($X) also remains the key foreign market for diesel engines (other than for motor vehicles and aircraft) exports from Nigeria.
From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to X%.
Export Prices by Country
The average export price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price showed a drastic downturn. The growth pace was the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then shrank significantly in the following year.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to X% per year.
Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)
Imports into Nigeria
In 2022, overseas purchases of diesel engines (other than for motor vehicles and aircraft) decreased by X% to X units, falling for the second consecutive year after three years of growth. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of diesel engines (other than for motor vehicles and aircraft) dropped significantly to $X in 2022. Over the period under review, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.
Imports by Country
China (X units), Japan (X units) and the United States (X units) were the main suppliers of imports of diesel engines (other than for motor vehicles and aircraft) to Nigeria, with a combined X% share of total imports.
From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, China ($X), Japan ($X) and the United States ($X) constituted the largest diesel engines (other than for motor vehicles and aircraft) suppliers to Nigeria, with a combined X% share of total imports.
Among the main suppliers, Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2022, the average import price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, approximately equating the previous year. Over the period under review, the import price, however, posted measured growth. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for France ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (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 diesel engines (other than for motor vehicles and aircraft) 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 28111311 - Marine propulsion compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power . .200 kW
- Prodcom 28111315 - Marine propulsion compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > .200 kW but . 1 .000 kW
- Prodcom 28111319 - Marine propulsion compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > 1 .000 kW
- Prodcom 28111320 - Rail traction compression-ignition internal combustion piston engines (diesel or semi-diesel)
- Prodcom 28111331 - Industrial use compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power . .15 kW
- Prodcom 28111333 - Industrial use compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > .15 kW but . .30 kW
- Prodcom 28111335 - Industrial use compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > .30 kW but . .50 kW
- Prodcom 28111337 - Industrial use compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > .50 kW but . .100 kW
- Prodcom 28111353 - Industrial use compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > .100 kW but . .200 kW
- Prodcom 28111355 - Industrial use compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > .200 kW but . .300 kW
- Prodcom 28111357 - Industrial use compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > .300 kW but . .500 kW
- Prodcom 28111373 - Industrial use compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > .500 kW but. 1 .000 kW
- Prodcom 28111375 - Industrial use compression-ignition internal combustion piston engines (diesel or semi-diesel) of a power > 1 .000 kW
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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