![Report Nigeria - Loudspeakers (Not in Enclosure) - Market Analysis, Forecast, Size, Trends and Insights for 499$](/landing/img/reports/nigeria-loudspeakers-not-in-enclosure-market-analysis-forecast-size-trends-and-insights.webp)
Nigeria - Loudspeakers (Not in Enclosure) - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingNigeria: Non-Enclosed Loudspeakers Market 2024
Non-Enclosed Loudspeakers Market Size in Nigeria
The Nigerien non-enclosed loudspeakers market surged to $X in 2021, rising by 29% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a deep contraction. Non-enclosed loudspeakers consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.
Non-Enclosed Loudspeakers Exports
Exports from Nigeria
In 2021, shipments abroad of loudspeakers (not in enclosure) increased by 14% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2015 with an increase of 463%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.
In value terms, non-enclosed loudspeakers exports rose markedly to $X in 2021. Over the period under review, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 310% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.
Exports by Country
Cameroon (X units) was the main destination for non-enclosed loudspeakers exports from Nigeria, with a 93% share of total exports. Moreover, non-enclosed loudspeakers exports to Cameroon exceeded the volume sent to the second major destination, Burkina Faso (X units), more than tenfold. The third position in this ranking was taken by Ghana (X units), with a 0.2% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to Cameroon stood at +65.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+13.6% per year) and Ghana (-37.8% per year).
In value terms, Cameroon ($X) remains the key foreign market for loudspeakers (not in enclosure) exports from Nigeria, comprising 78% of total exports. The second position in the ranking was held by Ghana ($X), with a 3.5% share of total exports. It was followed by Burkina Faso, with a 0.7% share.
From 2012 to 2021, the average annual growth rate of value to Cameroon stood at +45.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-21.8% per year) and Burkina Faso (-7.0% per year).
Export Prices by Country
In 2021, the average non-enclosed loudspeakers export price amounted to $X per unit, with a decrease of -6% against the previous year. In general, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 146% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ghana ($X per unit), while the average price for exports to Burkina Faso ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+63.8%), while the prices for the other major destinations experienced mixed trend patterns.
Non-Enclosed Loudspeakers Imports
Imports into Nigeria
In 2021, approx. X units of loudspeakers (not in enclosure) were imported into Nigeria; picking up by 29% on the year before. Overall, imports, however, faced a abrupt decline. The growth pace was the most rapid in 2019 when imports increased by 116% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.
In value terms, non-enclosed loudspeakers imports surged to $X in 2021. In general, imports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2019 when imports increased by 140%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, China (X units) was the main non-enclosed loudspeakers supplier to Nigeria, accounting for a 90% share of total imports. Moreover, non-enclosed loudspeakers imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), more than tenfold.
From 2012 to 2021, the average annual growth rate of volume from China amounted to -14.4%.
In value terms, China ($X) constituted the largest supplier of loudspeakers (not in enclosure) to Nigeria, comprising 82% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 3.1% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -12.8%.
Import Prices by Country
The average non-enclosed loudspeakers import price stood at $X per unit in 2021, therefore, remained relatively stable against the previous year. Overall, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-enclosed loudspeakers import price decreased by -5.9% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 69%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Hong Kong SAR totaled $X per unit.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.7%).
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the non-enclosed loudspeakers 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 26404239 - Loudspeakers (including speaker drive units, frames or cabinets mainly designed for mounting loudspeakers) (excluding those mounted in their enclosures)
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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
Recommended reports
This report provides an in-depth analysis of the non-enclosed loudspeakers market in Asia.
This report provides an in-depth analysis of the global non-enclosed loudspeakers market.
This report provides an in-depth analysis of the non-enclosed loudspeakers market in the EU.
This report provides an in-depth analysis of the non-enclosed loudspeakers market in the U.S..
This report provides an in-depth analysis of the non-enclosed loudspeakers market in China.