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Nigeria - Lamp Holders, Plugs and Sockets - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNigeria: Lamp Holder Market 2024
Lamp Holder Market Size in Nigeria
The Nigerien lamp holder market stood at $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption continues to indicate buoyant growth. Lamp holder consumption peaked at $X in 2020; afterwards, it flattened through to 2022.
Lamp Holder Production in Nigeria
In value terms, lamp holder production amounted to $X in 2022 estimated in export price. Overall, production saw a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 158% against the previous year. Lamp holder production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.
Lamp Holder Exports
Exports from Nigeria
In 2022, overseas shipments of lamp holders, plugs and sockets decreased by -4.4% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2016 when exports increased by 184% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, lamp holder exports contracted to $X in 2022. Over the period under review, exports, however, continue to indicate a measured expansion. The pace of growth was the most pronounced in 2014 with an increase of 599% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.
Exports by Country
Benin (X tons) was the main destination for lamp holder exports from Nigeria, accounting for a 1.3% share of total exports. Moreover, lamp holder exports to Benin exceeded the volume sent to the second major destination, Congo (X kg), sevenfold. The third position in this ranking was taken by Gambia (X kg), with a 0.2% share.
From 2012 to 2021, the average annual growth rate of volume to Benin stood at +52.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (+88.3% per year) and Gambia (-21.0% per year).
In value terms, the Netherlands ($X) emerged as the key foreign market for lamp holders, plugs and sockets exports from Nigeria, comprising 83% of total exports. The second position in the ranking was taken by Benin ($X), with a 17% share of total exports. It was followed by Congo, with a 6.8% share.
From 2012 to 2021, the average annual growth rate of value to the Netherlands amounted to -8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+19.7% per year) and Congo (+21.1% per year).
Export Prices by Country
In 2021, the average lamp holder export price amounted to $X per ton, which is down by -5.5% against the previous year. Overall, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 392%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Benin ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Gambia (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.
Lamp Holder Imports
Imports into Nigeria
After two years of growth, supplies from abroad of lamp holders, plugs and sockets decreased by -21.3% to X tons in 2022. In general, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 525% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.
In value terms, lamp holder imports expanded markedly to $X in 2022. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 98% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.
Imports by Country
In 2021, China (X tons) constituted the largest lamp holder supplier to Nigeria, accounting for a 0.8% share of total imports. Moreover, lamp holder imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold.
From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -22.9%.
In value terms, China ($X) constituted the largest supplier of lamp holders, plugs and sockets to Nigeria, comprising 54% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 6.9% share of total imports.
From 2012 to 2021, the average annual growth rate of value from China stood at -25.0%.
Import Prices by Country
In 2021, the average lamp holder import price amounted to $X per ton, dropping by -63.9% against the previous year. Overall, the import price, however, showed resilient growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 4,345% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China stood at $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.7%).
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the lamp holder 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 27331200 - Lamp-holders for a voltage . 1 kV
- Prodcom 27331310 - Plugs and sockets for coaxial cables for a voltage . 1 kV
- Prodcom 27331330 - Plugs and sockets for printed circuits for a voltage . 1 kV
- Prodcom 27331350 - Plugs and sockets for a voltage . 1 kV (excluding for coaxial cables, for printed circuits)
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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