Report Update May 1, 2024

Nigeria - Petrol and Oil Dispensing Pumps - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Nigeria

For the third year in a row, the Nigerien oil dispensing pump market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption showed a abrupt downturn. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Oil Dispensing Pump Exports

Exports from Nigeria

In 2015, approx. X units of petrol and oil dispensing pumps were exported from Nigeria; approximately equating the year before. In general, exports saw a significant increase. The smallest decline of X% was in 2014. Over the period under review, the exports attained the maximum in 2015 and are expected to retain growth in the immediate term.

In value terms, oil dispensing pump exports amounted to $X in 2015. Over the period under review, exports saw a significant increase. The smallest decline of X% was in 2014. The exports peaked in 2015 and are expected to retain growth in the near future.

Exports by Country

Niger (X units) was the main destination for oil dispensing pump exports from Nigeria, accounting for a approx. X% share of total exports.

From 2013 to 2015, the average annual rate of growth in terms of volume to Niger totaled X.6%.

From 2013 to 2015, the average annual rate of growth in terms of value to Niger stood at X.2%.

Export Prices by Country

The average oil dispensing pump export price stood at $X per unit in 2015, approximately reflecting the previous year. Over the period under review, the export price continues to indicate a significant increase. The pace of growth was the most pronounced in 2014 a decrease of X%. Over the period under review, the average export prices hit record highs in 2015 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2013 to 2015, the rate of growth in terms of prices for Niger amounted to X% per year.

Oil Dispensing Pump Imports

Imports into Nigeria

Oil dispensing pump imports into Nigeria declined dramatically to X units in 2022, shrinking by X% against the year before. Overall, imports saw a noticeable decrease. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, oil dispensing pump imports declined sharply to $X in 2022. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Brazil (X units) and India (X units) were the main suppliers of oil dispensing pump imports to Nigeria, with a combined X% share of total imports. Turkey, the Netherlands, Italy, Canada and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oil dispensing pump suppliers to Nigeria were China ($X), Brazil ($X) and India ($X), together comprising X% of total imports. Turkey, the Netherlands, Italy, Canada and the UK lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average oil dispensing pump import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price showed a noticeable shrinkage. The pace of growth was the most pronounced in 2016 when the average import price increased by 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 failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per unit) and Brazil ($X per unit), while the price for the UK ($X per unit) and Canada ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for petrol and oil dispensing pumps in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and India, together accounting for 48% of global consumption.

What are the largest producers of petrol and oil dispensing pumps in the world?

The countries with the highest volumes of production in 2022 were China, the United States and India, together comprising 48% of global production.

What are the leading suppliers of petrol and oil dispensing pumps to Nigeria?

In value terms, China, Brazil and India constituted the largest oil dispensing pump suppliers to Nigeria, together comprising 79% of total imports. Turkey, the Netherlands, Italy, Canada and the UK lagged somewhat behind, together accounting for a further 16%.

What is the average export price for petrol and oil dispensing pumps in Nigeria?

In 2015, the average oil dispensing pump export price amounted to $2,269 per unit, approximately equating the previous year.

What is the average import price for petrol and oil dispensing pumps in Nigeria?

In 2022, the average oil dispensing pump import price amounted to $989 per unit, waning by -6.1% against the previous year.

This report provides an in-depth analysis of the oil dispensing pump 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 28131105 - Petrol and oil dispensing pumps, unit

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023