Nigeria - Chandeliers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChandelier Price in Nigeria - 2022
Contents:
- Chandelier Price in Nigeria (CIF) - 2022
- Chandelier Price in Nigeria (FOB) - 2022
- Chandelier Imports in Nigeria
- Chandelier Exports in Nigeria
Chandelier Price in Nigeria (CIF) - 2022
In 2022, the average chandelier import price amounted to $52,190 per ton, leveling off at the previous year. Over the period under review, the import price posted a pronounced expansion. The pace of growth was the most pronounced in 2020 an increase of 8.6% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($26,749 per ton), while the price for the United States ($1,979 per ton) 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 (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Chandelier Price in Nigeria (FOB) - 2022
The average chandelier export price stood at $295,821 per ton in 2022, declining by -13.8% against the previous year. In general, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 38% against the previous year. As a result, the export price attained the peak level of $343,017 per ton, and then reduced in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($81,180 per ton), while the average price for exports to Benin ($3,933 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+45.8%), while the prices for the other major destinations experienced more modest paces of growth.
Chandelier Imports in Nigeria
In 2022, purchases abroad of chandeliers decreased by 0% to 351 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a abrupt decline. The growth pace was the most rapid in 2020 when imports increased by 28%. As a result, imports reached the peak of 701 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, chandelier imports surged to $18M in 2022. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chandelier in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.5 | 3.6 | 1.6 | 8.6 | 34.9% |
| India | 0.1 | 1.6 | 1.8 | 5.4 | 278.0% |
| United Arab Emirates | 0.4 | 0.6 | 0.4 | 1.3 | 48.1% |
| United States | 0.1 | 0.3 | 0.3 | 0.9 | 108.0% |
| Others | 0.8 | 0.8 | 0.5 | 1.9 | 33.4% |
| Total | 5.0 | 7.0 | 4.6 | 18.3 | 54.1% |
Top Suppliers of Chandelier to Nigeria in 2022:
- China (2268.5 tons)
- United States (475.4 tons)
- India (357.3 tons)
- United Arab Emirates (50.4 tons)
Chandelier Exports in Nigeria
In 2022, after three years of growth, there was significant decline in overseas shipments of chandeliers, when their volume decreased by -5.1% to 56 kg. Overall, exports, however, posted a moderate expansion. The growth pace was the most rapid in 2021 when exports increased by 13%. As a result, the exports reached the peak of 59 kg, and then declined in the following year.
In value terms, chandelier exports reduced remarkably to $17K in 2022. Over the period under review, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year.
| Export of Chandelier in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.0 | 3.3 | 4.5 | 8.5 | 19.3% |
| Cote d'Ivoire | 1.5 | 3.6 | 2.4 | 4.6 | 45.3% |
| Benin | 2.9 | 0.1 | 0.7 | 1.6 | -18.0% |
| Niger | 3.9 | N/A | 1.7 | N/A | -34.0% |
| Congo | N/A | N/A | 0.5 | N/A | 0% |
| Senegal | N/A | N/A | 0.1 | N/A | 0% |
| Others | 10.6 | 5.9 | 10.4 | 1.9 | -43.6% |
| Total | 23.8 | 12.9 | 20.2 | 16.6 | -11.3% |
Top Export Markets for Chandelier from Nigeria in 2022:
- Benin (411.0 kg)
- Italy (105.0 kg)
- Cote d'Ivoire (94.0 kg)
This report provides an in-depth analysis of the chandelier 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 27402500 - Chandeliers and other electric ceiling or wall lighting fittings (excluding those used for lighting public open spaces or thoroughfares)
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
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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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The global chandelier market revenue amounted to $50.4B in 2018, growing by 9.9% against the previous year. This...
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Global chandelier imports stood at X tons in 2016, approximately equating the previous year figure. Overall, chandelier imports continue to indicate a relatively flat trend pattern. The pace of g...
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From 2007 to 2015, global exports of chandeliers showed a robust growth trend, with the exception of a minor decline in 2009. Exports amounted to X million USD in 2015. There was an annual increase of +X% throughout the analyzed period.
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The global chandelier market revenue amounted to $50.4B in 2018, growing by 9.9% against the previous year. This...
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Global chandelier imports stood at X tons in 2016, approximately equating the previous year figure. Overall, chandelier imports continue to indicate a relatively flat trend pattern. The pace of g...
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Global chandelier imports stood at X tons in 2016, approximately equating the previous year figure. Overall, chandelier imports continue to indicate a relatively flat trend pattern. The pace of g...
