Report Update: May 1, 2024

Nigeria - Taps, Cocks, Valves And Similar Appliances - Market Analysis, Forecast, Size, Trends and Insights

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Tap and Valve Price in Nigeria - 2022

Tap and Valve Price in Nigeria (CIF) - 2022

In 2022, the average tap and valve import price amounted to $6,585 per ton, increasing by 14% against the previous year. Overall, the import price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2014 an increase of 181%. Over the period under review, average import prices reached the maximum at $28,604 per ton in 2016; however, from 2017 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 UK ($22,722 per ton), while the price for China ($3,086 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Tap and Valve Price in Nigeria (FOB) - 2022

The average tap and valve export price stood at $20,088 per ton in 2022, picking up by 13% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tap and valve export price decreased by -28.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 45% against the previous year. Over the period under review, the average export prices reached the maximum at $27,937 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Gabon ($65,039 per ton), while the average price for exports to Benin ($2,602 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 Belgium (+24.2%), while the prices for the other major destinations experienced mixed trend patterns.

Tap and Valve Imports in Nigeria

Tap and valve imports into Nigeria surged to 194K tons in 2022, rising by 77% on the previous year. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 266% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, tap and valve imports skyrocketed to $1.3B in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Tap and Valve in Nigeria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	269	566	412	378	12.0%
Congo	8.3	20.6	12.7	189	183.4%
United Arab Emirates	6.1	21.3	32.3	174	205.5%
United States	31.9	51.0	34.4	73.6	32.1%
India	21.5	21.1	20.5	70.3	48.4%
Italy	19.6	27.4	14.5	37.4	24.0%
Taiwan (Chinese)	1.4	3.3	2.9	28.5	173.0%
Turkey	2.6	12.4	6.5	28.4	121.9%
Others	84.2	174	95.3	297	52.2%
Total	444	897	631	1,277	42.2%

Top Suppliers of Tap and Valve to Nigeria in 2022:

China (122.5K tons)
India (11.2K tons)
United Arab Emirates (9.9K tons)
Congo (8.7K tons)
Turkey (7.2K tons)
Taiwan (Chinese) (5.9K tons)
Italy (4.1K tons)
United States (4.1K tons)

Tap and Valve Exports in Nigeria

In 2022, approx. 81 tons of taps, cocks, valves and similar appliances were exported from Nigeria; picking up by 18% on 2021 figures. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 109%. As a result, the exports attained the peak of 93 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tap and valve exports surged to $1.6M in 2022. Over the period under review, total exports indicated strong growth 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 decreased by -20.3% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 63% against the previous year. As a result, the exports reached the peak of $2M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Tap and Valve in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Gabon	349	828	588	821	33.0%
Cote d'Ivoire	214	195	116	150	-11.2%
Netherlands	139	181	51.8	114	-6.4%
France	10.8	59.1	61.0	89.9	102.7%
Italy	56.9	133	54.3	61.3	2.5%
United Kingdom	203	210	17.3	51.3	-36.8%
Ghana	43.7	62.1	37.1	44.0	0.2%
United Arab Emirates	38.0	57.3	27.3	25.5	-12.5%
Benin	4.3	9.5	20.1	23.5	76.1%
Congo	4.5	34.4	3.1	3.1	-11.7%
Others	184	264	233	237	8.8%
Total	1,246	2,033	1,209	1,621	9.2%

Top Export Markets for Tap and Valve from Nigeria in 2022:

France (19.9 tons)
Gabon (12.6 tons)
Benin (9.0 tons)
Cote d'Ivoire (8.8 tons)
Italy (7.4 tons)
United Arab Emirates (5.1 tons)
Ghana (4.6 tons)
Congo (2.0 tons)
Netherlands (1.7 tons)
United Kingdom (0.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tap and valve 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 28121420 - Pneumatic filters, regulators and lubricators
Prodcom 28121450 - Valves for the control of oleohydraulic power transmission for pipes, boiler shells, tanks, vats and the like
Prodcom 28121480 - Valves for the control of pneumatic power transmission for pipes, boiler shells, tanks, vats and the like
Prodcom 28141120 - Pressure-reducing valves of cast iron or steel, for pipes, b oiler shells, tanks, vats and the like (excluding those combined with lubricators or filters)
Prodcom 28141140 - Pressure-reducing valves for pipes, boiler shells, tanks, vats and the like (excluding of cast iron or steel, those combined with filters or lubricators)
Prodcom 28141160 - Check valves for pipes, boiler shells, tanks, vats and the like
Prodcom 28141170 - Valves for pneumatic tyres and inner-tubes
Prodcom 28141180 - Safety or relief valves for pipes, boiler shells, tanks, vats and the like
Prodcom 28141233 - Mixing valves for sinks, wash basins, bidets, water cisterns etc. excluding valves for pressure-reducing or oleohydraulic/pneumatic power transmissions, check valves, s afety/relief valves
Prodcom 28141235 - Taps, cocks and valves for sinks, wash basins, bidets, water cisterns etc. excluding valves for pressurereducing/ oleohydraulic transmissions, check, safety, relief and mixing valves
Prodcom 28141253 - Central heating radiator thermostatic valves
Prodcom 28141255 - Central heating radiator valves, other
Prodcom 28141313 - Other process control valves, temperature regulators
Prodcom 28141315 - Process control valves for pipes, boiler shells, tanks etc. excluding valves for pressure-reducing or oleohydraulic/pneumatic power transmissions, check, s afety/relief valves, temp. regulators
Prodcom 28141333 - Other gate valves, of cast iron
Prodcom 28141335 - Other gate valves, of steel
Prodcom 28141337 - Other gate valves, other
Prodcom 28141353 - Globe valves, of cast iron
Prodcom 28141355 - Globe valves, of steel
Prodcom 28141357 - Other globe valves
Prodcom 28141373 - Ball and plug valves
Prodcom 28141375 - Butterfly valves
Prodcom 28141377 - Diaphragm valves
Prodcom 28141380 - Other appliances

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023