Nigeria - Iron Or Steel Gas Domestic Appliances - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Gas Appliances Price in Nigeria - 2022
Contents:
- Metal Gas Appliances Price in Nigeria (CIF) - 2022
- Metal Gas Appliances Price in Nigeria (FOB) - 2022
- Metal Gas Appliances Imports in Nigeria
- Metal Gas Appliances Exports in Nigeria
Metal Gas Appliances Price in Nigeria (CIF) - 2022
The average metal gas appliances import price stood at $128 per unit in 2022, jumping by 21% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 166% against the previous year. The import price peaked at $152 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($364 per unit), while the price for the United States ($11 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Metal Gas Appliances Price in Nigeria (FOB) - 2022
In 2022, the average metal gas appliances export price amounted to $25 per unit, reducing by -26.6% against the previous year. Overall, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2016 an increase of 310% against the previous year. Over the period under review, the average export prices reached the maximum at $52 per unit in 2017; however, from 2018 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 Ghana ($72 per unit), while the average price for exports to Benin ($6 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 Niger (+39.0%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Gas Appliances Imports in Nigeria
In 2022, supplies from abroad of iron or steel gas domestic appliances decreased by -32.9% to 8.6K units, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 16%. As a result, imports reached the peak of 15K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, metal gas appliances imports shrank sharply to $1.1M in 2022. In general, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year. As a result, imports attained the peak of $2.2M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Metal Gas Appliances in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 4.6 | 775 | 6.5 | 571 | 398.8% |
| China | 1,460 | 1,153 | 976 | 401 | -35.0% |
| Italy | 121 | 79.7 | 127 | 54.6 | -23.3% |
| India | 36.9 | 70.1 | 104 | 41.9 | 4.3% |
| United States | 7.9 | 6.2 | 11.0 | 4.4 | -17.7% |
| Turkey | 87.7 | 38.8 | 3.6 | 1.2 | -76.1% |
| Others | 138 | 61.2 | 128 | 26.3 | -42.5% |
| Total | 1,857 | 2,184 | 1,356 | 1,100 | -16.0% |
Top Suppliers of Metal Gas Appliances to Nigeria in 2022:
- Turkey (undefinedK units)
- South Korea (3.5K units)
- India (2.7K units)
- China (1.7K units)
- United States (0.4K units)
- Italy (0.1K units)
Metal Gas Appliances Exports in Nigeria
In 2022, metal gas appliances exports from Nigeria surged to 6 units, with an increase of 20% compared with the year before. Over the period under review, exports, however, saw a abrupt setback. The exports peaked at 8 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, metal gas appliances exports contracted to $148 in 2022. In general, exports, however, saw a dramatic decline. The pace of growth appeared the most rapid in 2021 when exports increased by 32% against the previous year. Over the period under review, the exports reached the maximum at $290 in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Metal Gas Appliances in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 122 | 59.0 | 78.0 | 72.0 | -16.1% |
| Niger | 35.0 | 17.0 | 23.0 | 27.0 | -8.3% |
| Ireland | N/A | N/A | N/A | 18.0 | 0% |
| Kenya | 19.0 | 8.0 | 9.0 | 7.0 | -28.3% |
| Benin | 82.0 | 23.0 | 17.0 | 6.0 | -58.2% |
| Mozambique | N/A | N/A | 41.0 | N/A | 0% |
| Gambia | 32.0 | 20.0 | N/A | N/A | -37.5% |
| Others | N/A | N/A | N/A | 18.0 | 0% |
| Total | 290 | 127 | 168 | 148 | -20.1% |
Top Export Markets for Metal Gas Appliances from Nigeria in 2022:
- Ghana (1.0 units)
- Ireland (1.0 units)
- Kenya (1.0 units)
- Niger (1.0 units)
- Benin (1.0 units)
This report provides an in-depth analysis of the metal gas appliances 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 27521234 - Iron or steel gas domestic appliances, including heaters, g rates, fires and braziers, for both gas and other fuels radiators (excluding cooking appliances and plate warmers )
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
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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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