Nigeria - Generators For Internal Combustion Engines - Market Analysis, Forecast, Size, Trends and Insights
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View PricingEngine Generator Price in Nigeria - 2022
Contents:
- Engine Generator Price in Nigeria (CIF) - 2022
- Engine Generator Price in Nigeria (FOB) - 2022
- Engine Generator Imports in Nigeria
- Engine Generator Exports in Nigeria
Engine Generator Price in Nigeria (CIF) - 2022
In 2022, the average engine generator import price amounted to $192 per unit, with an increase of 49% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, engine generator import price increased by +66.0% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($245 per unit), while the price for New Zealand ($18 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Engine Generator Price in Nigeria (FOB) - 2022
In 2022, the average engine generator export price amounted to $112 per unit, with a decrease of -6.7% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 82%. Over the period under review, the average export prices attained the maximum at $139 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($594 per unit), while the average price for exports to Botswana ($7.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.
Engine Generator Imports in Nigeria
In 2022, overseas purchases of generators for internal combustion engines decreased by -28.7% to 6.5K units, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a dramatic descent. The growth pace was the most rapid in 2020 with an increase of 759%. As a result, imports attained the peak of 124K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, engine generator imports rose sharply to $1.3M in 2022. In general, imports saw a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 759% against the previous year. As a result, imports attained the peak of $13M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Engine Generator in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lebanon | 282 | 2,521 | 299 | 281 | -0.1% |
| China | 241 | 1,767 | 171 | 232 | -1.3% |
| Italy | 181 | 1,705 | 207 | 169 | -2.3% |
| Germany | 103 | 516 | 69.1 | 169 | 17.9% |
| United States | 138 | 1,038 | 21.3 | 35.0 | -36.7% |
| Malaysia | 21.0 | 198 | 24.9 | 24.8 | 5.7% |
| Brazil | 3.7 | 56.4 | 8.8 | 14.0 | 55.8% |
| Belgium | 135 | 2,268 | 55.3 | 11.9 | -55.5% |
| Swaziland | N/A | 692 | N/A | N/A | 0% |
| Others | 422 | 2,359 | 318 | 315 | -9.3% |
| Total | 1,527 | 13,120 | 1,174 | 1,252 | -6.4% |
Top Suppliers of Engine Generator to Nigeria in 2022:
- Lebanon (1313.0 units)
- China (1270.0 units)
- Italy (1049.0 units)
- Germany (819.0 units)
- United States (143.0 units)
- Malaysia (129.0 units)
- Brazil (93.0 units)
- Belgium (58.0 units)
Engine Generator Exports in Nigeria
In 2022, exports of generators for internal combustion engines from Nigeria totaled 476 units, surging by 14% against the previous year's figure. In general, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 104%. As a result, the exports attained the peak of 719 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, engine generator exports rose markedly to $54K in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 80% against the previous year. As a result, the exports reached the peak of $57K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Engine Generator in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 11.2 | 22.8 | 16.1 | 15.3 | 11.0% |
| Kenya | 5.2 | 12.5 | 10.3 | 9.7 | 23.1% |
| Burkina Faso | 3.8 | 6.2 | 5.3 | 5.9 | 15.8% |
| United Kingdom | 2.9 | 4.5 | 3.6 | 3.9 | 10.4% |
| Angola | 2.4 | 0.9 | 2.9 | 2.8 | 5.3% |
| Sierra Leone | 2.4 | 2.7 | 1.5 | 1.1 | -22.9% |
| Ghana | 0.4 | 0.7 | 0.6 | 0.6 | 14.5% |
| South Africa | N/A | 0.9 | 0.6 | 0.6 | -18.4% |
| Botswana | N/A | N/A | N/A | 0.1 | 0% |
| Others | 3.1 | 5.7 | 9.3 | 13.6 | 63.7% |
| Total | 31.6 | 56.8 | 50.2 | 53.5 | 19.2% |
Top Export Markets for Engine Generator from Nigeria in 2022:
- Kenya (350.0 units)
- Cote d'Ivoire (35.0 units)
- South Africa (13.0 units)
- Botswana (11.0 units)
- Burkina Faso (10.0 units)
- United Kingdom (9.0 units)
- Ghana (8.0 units)
- Angola (6.0 units)
- Sierra Leone (2.0 units)
This report provides an in-depth analysis of the engine generator 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 29312250 - Generators for internal combustion engines (including dynamos and alternators) (excluding dual-purpose startergenerators)
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
-
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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