Nigeria - Universal Ac/Dc Motors Of An Output Exceeding 37.5 W; Other Ac Motors; Ac Generators (Alternators) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAC/DC Motor Price in Nigeria - 2022
Contents:
- AC/DC Motor Price in Nigeria (CIF) - 2022
- AC/DC Motor Price in Nigeria (FOB) - 2022
- AC/DC Motor Imports in Nigeria
- AC/DC Motor Exports in Nigeria
AC/DC Motor Price in Nigeria (CIF) - 2022
In 2022, the average AC/DC motor import price amounted to $50 per unit, with a decrease of -48.6% against the previous year. Over the period under review, the import price saw a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 105% against the previous year. The import price peaked at $124 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($524 per unit), while the price for China ($30 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.4%), while the prices for the other major suppliers experienced a decline.
AC/DC Motor Price in Nigeria (FOB) - 2022
In 2022, the average AC/DC motor export price amounted to $183 per unit, declining by -77% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the average export price increased by 172%. The export price peaked at $795 per unit in 2021, and then reduced dramatically in the following year.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Benin ($62 per unit) and Cote d'Ivoire ($52 per unit), while the average price for exports to the Netherlands ($42 per unit) and the United States ($44 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+49.4%), while the prices for the other major destinations experienced a decline.
AC/DC Motor Imports in Nigeria
In 2022, imports of AC/DC motors into Nigeria surged to 1.3M units, jumping by 121% against the year before. Overall, imports posted pronounced growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, AC/DC motor imports expanded sharply to $67M in 2022. Over the period under review, imports, however, showed a abrupt shrinkage. Imports peaked at $104M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of AC/DC Motor in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 64.6 | 67.2 | 32.1 | 35.8 | -17.9% |
| United Arab Emirates | 0.6 | 0.4 | 0.6 | 14.7 | 190.4% |
| United States | 4.9 | 1.6 | 1.8 | 1.7 | -29.7% |
| Others | 34.4 | 28.6 | 25.0 | 15.2 | -23.8% |
| Total | 104 | 97.8 | 59.5 | 67.4 | -13.5% |
Top Suppliers of AC/DC Motor to Nigeria in 2022:
- China (1196.1K units)
- United States (49.7K units)
- United Arab Emirates (28.0K units)
AC/DC Motor Exports in Nigeria
In 2022, approx. 4.4K units of AC/DC motors were exported from Nigeria; jumping by 249% compared with 2021. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, AC/DC motor exports shrank significantly to $808K in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, the exports reached the peak of $1M, and then declined significantly in the following year.
| Export of AC/DC Motor in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 14.9 | 4.7 | 13.0 | 80.7 | 75.6% |
| Cote d'Ivoire | 18.2 | 42.1 | 10.3 | 74.2 | 59.8% |
| Niger | 4.5 | 2.6 | 5.8 | 38.2 | 104.0% |
| Netherlands | 0.5 | 0.4 | 2.0 | 20.7 | 245.9% |
| Germany | 197 | 21.9 | 202 | 7.3 | -66.7% |
| United States | 28.5 | 102 | 14.5 | 2.3 | -56.8% |
| Others | 357 | 514 | 759 | 584 | 17.8% |
| Total | 620 | 688 | 1,007 | 808 | 9.2% |
Top Export Markets for AC/DC Motor from Nigeria in 2022:
- Cote d'Ivoire (1430.0 units)
- Benin (1299.0 units)
- Niger (787.0 units)
- Netherlands (491.0 units)
- United States (52.0 units)
- Germany (51.0 units)
This report provides an in-depth analysis of the ac/dc motor 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 27112100 - Universal AC/DC motors of an output > .37,5 W
- Prodcom 27112230 - Single-phase AC motors of an output . .750 W
- Prodcom 27112250 - Single-phase AC motors of an output > .750 W
- Prodcom 27112300 - Multi-phase AC motors of an output . .750 W
- Prodcom 27112403 - Multi-phase AC motors of an output > 0,75 kW but . 7,5 kW
- Prodcom 27112405 - Multi-phase AC motors of an output > 7,5 kW but . .37 kW
- Prodcom 27112407 - Multi-phase AC motors of an output > .37 kW but . .75 kW
- Prodcom 27112530 - Multi-phase AC traction motors of an output > .75 kW
- Prodcom 27112540 - Multi-phase AC motors of an output > .75 kW but . .375 kW (excluding traction motors)
- Prodcom 27112560 - Multi-phase AC motors of an output > .375 kW but . .750 kW (excluding traction motors)
- Prodcom 27112590 - Multi-phase AC motors of an output > .750 kW (excluding traction motors)
- Prodcom 27112610 - Alternators of an output . .75 kVA
- Prodcom 27112630 - Alternators of an output > .75 kVA but . .375 kVA
- Prodcom 27112650 - Alternators > .375 kVA but . .750 kVA
- Prodcom 27112670 - Alternators of an output > .750 kVA
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
-
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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This report provides an in-depth analysis of the ac/dc motor market in Nigeria.
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This report provides an in-depth analysis of the dc motor market in Nigeria.
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This report provides an in-depth analysis of the global ac/dc motor market.
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This report provides an in-depth analysis of the global dc motor market.
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This report provides an in-depth analysis of the ac/dc motor market in Nigeria.
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This report provides an in-depth analysis of the dc motor market in Nigeria.
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This report provides an in-depth analysis of the global ac/dc motor market.
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This report provides an in-depth analysis of the global dc motor market.
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China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
787
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1185
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
1249
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
787
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1185
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
