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Nigeria - Non-Electrical Lamps and Lighting Fittings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNigeria: Non-Electrical Lamp Market 2024
Non-Electrical Lamp Market Size in Nigeria
In 2023, the Nigerien non-electrical lamp market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded a temperate expansion. Non-electrical lamp consumption peaked in 2023 and is expected to retain growth in the near future.
Non-Electrical Lamp Exports
Exports from Nigeria
In 2023, non-electrical lamp exports from Nigeria contracted rapidly to X units, dropping by X% compared with the year before. In general, exports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2023, the growth of the exports remained at a lower figure.
In value terms, non-electrical lamp exports contracted remarkably to $X in 2023. Over the period under review, exports showed a dramatic shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.
Exports by Country
Benin (X units) was the main destination for non-electrical lamp exports from Nigeria, accounting for a X% share of total exports. Moreover, non-electrical lamp exports to Benin exceeded the volume sent to the second major destination, Ghana (X units), more than tenfold.
From 2012 to 2023, the average annual rate of growth in terms of volume to Benin stood at X%.
In value terms, Benin ($X) emerged as the key foreign market for non-electrical lamps and lighting fittings exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.
From 2012 to 2023, the average annual rate of growth in terms of value to Benin amounted to X%.
Export Prices by Country
The average non-electrical lamp export price stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a strong increase. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per unit), while the average price for exports to Benin totaled $X per unit.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (X%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Electrical Lamp Imports
Imports into Nigeria
In 2023, overseas purchases of non-electrical lamps and lighting fittings increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate slight growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the peak figure in 2023 and are likely to see steady growth in years to come.
In value terms, non-electrical lamp imports surged to $X in 2023. In general, imports saw buoyant growth. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked in 2023 and are expected to retain growth in years to come.
Imports by Country
In 2023, China (X units) was the main non-electrical lamp supplier to Nigeria, with a X% share of total imports. It was followed by Ethiopia (X units), with a X% share of total imports.
From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ethiopia (X% per year) and Italy (X% per year).
In value terms, China ($X) constituted the largest supplier of non-electrical lamps and lighting fittings to Nigeria, comprising X% of total imports. The second position in the ranking was held by Ethiopia ($X), with a X% share of total imports.
From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ethiopia (X% per year) and Italy (X% per year).
Import Prices by Country
In 2023, the average non-electrical lamp import price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price, however, showed strong growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Ethiopia ($X per unit) was amongst the lowest.
From 2012 to 2023, 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
This report provides an in-depth analysis of the non-electrical lamp 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 27402300 - Non-electrical lamps and lighting fittings
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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