Nigeria - Rotary Converters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Rotary Converter Price in Nigeria - 2022
Contents:
- Electric Rotary Converter Price in Nigeria (CIF) - 2022
- Electric Rotary Converter Price in Nigeria (FOB) - 2022
- Electric Rotary Converter Imports in Nigeria
- Electric Rotary Converter Exports in Nigeria
Electric Rotary Converter Price in Nigeria (CIF) - 2022
The average electric rotary converter import price stood at $50 per unit in 2022, surging by 12% against the previous year. Overall, the import price, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2019 when the average import price increased by 30% against the previous year. The import price peaked at $99 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($235 per unit), while the price for Malaysia ($24 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Electric Rotary Converter Price in Nigeria (FOB) - 2022
The average electric rotary converter export price stood at $170 per unit in 2022, rising by 13% against the previous year. Overall, the export price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 138% against the previous year. As a result, the export price attained the peak level of $330 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Denmark amounted to +40.3% per year.
Electric Rotary Converter Imports in Nigeria
In 2022, the amount of electric rotary converters imported into Nigeria reduced to 84K units, which is down by -12.7% against the year before. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. Imports peaked at 121K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, electric rotary converter imports shrank to $4.2M in 2022. Over the period under review, imports continue to indicate a deep slump. The growth pace was the most rapid in 2021 with an increase of 23%. Imports peaked at $6.4M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electric Rotary Converter in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.1 | 2.9 | 3.2 | 3.0 | -16.2% |
| United States | 0.1 | N/A | 0.3 | 0.5 | 71.0% |
| Germany | 0.4 | 0.2 | 0.3 | 0.3 | -9.1% |
| Others | 0.8 | 0.4 | 0.5 | 0.3 | -27.9% |
| Total | 6.4 | 3.5 | 4.3 | 4.2 | -13.1% |
Top Suppliers of Electric Rotary Converter to Nigeria in 2022:
- China (74.4K units)
- Germany (5.1K units)
- United States (2.3K units)
Electric Rotary Converter Exports in Nigeria
In 2022, after three years of growth, there was decline in overseas shipments of electric rotary converters, when their volume decreased by 0% to 104 units. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 49%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, electric rotary converter exports expanded notably to $18K in 2022. The total export value increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 40%. As a result, the exports reached the peak of $20K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Electric Rotary Converter in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 2.0 | 4.4 | 10.9 | 13.9 | 90.8% |
| Denmark | 11.0 | 14.1 | N/A | N/A | 28.2% |
| Others | 1.0 | 1.1 | 4.8 | 3.7 | 54.7% |
| Total | 14.0 | 19.6 | 15.7 | 17.6 | 7.9% |
Top Export Markets for Electric Rotary Converter from Nigeria in 2022:
- Niger (103.0 units)
This report provides an in-depth analysis of the electric rotary converter 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 27113270 - Rotary converters
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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