Nigeria - Vacuum Pumps - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVacuum Pump Price in Nigeria - 2022
Contents:
- Vacuum Pump Price in Nigeria (CIF) - 2022
- Vacuum Pump Price in Nigeria (FOB) - 2022
- Vacuum Pump Imports in Nigeria
- Vacuum Pump Exports in Nigeria
Vacuum Pump Price in Nigeria (CIF) - 2022
In 2022, the average vacuum pump import price amounted to $110 per unit, falling by -52.5% against the previous year. Overall, the import price faced a deep downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by 972%. Over the period under review, average import prices attained the peak figure at $501 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 ($900 per unit), while the price for Singapore ($22 per unit) 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 (+31.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Vacuum Pump Price in Nigeria (FOB) - 2022
In 2022, the average vacuum pump export price amounted to $195 per unit, increasing by 13% against the previous year. In general, the export price posted prominent growth. The growth pace was the most rapid in 2015 when the average export price increased by 4,535% against the previous year. The export price peaked at $235 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($435 per unit), while the average price for exports to Ghana ($10 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 India (+33.6%), while the prices for the other major destinations experienced more modest paces of growth.
Vacuum Pump Imports in Nigeria
For the third consecutive year, Nigeria recorded decline in purchases abroad of vacuum pumps, which decreased by -40.9% to 50K units in 2022. Over the period under review, imports saw a precipitous setback. The smallest decline of -4% was in 2020. Over the period under review, imports hit record highs at 130K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, vacuum pump imports shrank sharply to $5.5M in 2022. In general, imports faced a dramatic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 5.9%. As a result, imports reached the peak of $32M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Vacuum Pump in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.1 | N/A | 1.0 | 0.9 | 108.0% |
| Singapore | 2.4 | 0.1 | 0.1 | 0.8 | -30.7% |
| China | 22.1 | 24.6 | 15.1 | 0.8 | -66.9% |
| United Kingdom | 0.2 | 0.2 | 0.1 | 0.4 | 26.0% |
| Germany | 0.6 | 0.6 | 0.2 | 0.2 | -30.7% |
| Italy | 0.1 | 0.9 | 1.3 | 0.1 | 0.0% |
| Others | 4.4 | 5.3 | 1.7 | 2.2 | -20.6% |
| Total | 29.9 | 31.6 | 19.4 | 5.5 | -43.1% |
Top Suppliers of Vacuum Pump to Nigeria in 2022:
- Singapore (34.0K units)
- United Kingdom (4.8K units)
- China (2.5K units)
- United Arab Emirates (1.0K units)
- Italy (0.9K units)
- Germany (0.9K units)
Vacuum Pump Exports in Nigeria
Vacuum pump exports from Nigeria reduced sharply to 61 units in 2022, falling by -38.4% on 2021 figures. In general, exports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2021 when exports increased by 154%. Over the period under review, the exports reached the maximum at 1.7K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, vacuum pump exports shrank remarkably to $12K in 2022. Overall, exports recorded a dramatic curtailment. The growth pace was the most rapid in 2021 with an increase of 156%. Over the period under review, the exports hit record highs at $392K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Vacuum Pump in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 4.8 | 0% |
| United Kingdom | 140 | 5.2 | 8.2 | 4.1 | -69.2% |
| China | 9.9 | 0.7 | 2.7 | 0.7 | -58.6% |
| France | 1.3 | 0.1 | 0.7 | 0.5 | -27.3% |
| India | 0.9 | 0.1 | 0.6 | 0.4 | -23.7% |
| Angola | 0.1 | 0.1 | 1.5 | 0.3 | 44.2% |
| Cote d'Ivoire | 6.9 | 0.2 | 0.8 | 0.2 | -69.3% |
| Germany | 1.9 | 0.1 | 0.5 | 0.1 | -62.5% |
| Benin | 0.5 | N/A | 0.1 | N/A | -55.3% |
| Niger | 0.2 | N/A | 0.1 | N/A | -29.3% |
| Belgium | 3.3 | N/A | N/A | N/A | 0% |
| Netherlands | 0.5 | N/A | N/A | N/A | 0% |
| Ghana | 0.4 | N/A | 0.1 | N/A | -50.0% |
| Others | 226 | N/A | 1.8 | 0.6 | -86.2% |
| Total | 392 | 6.7 | 17.1 | 11.9 | -68.8% |
Top Export Markets for Vacuum Pump from Nigeria in 2022:
- United Kingdom (23.0 units)
- Turkey (18.0 units)
- China (5.0 units)
- Angola (3.0 units)
- France (2.0 units)
- Cote d'Ivoire (2.0 units)
- Ghana (1.0 units)
- Netherlands (1.0 units)
- India (1.0 units)
- Germany (1.0 units)
- Niger (1.0 units)
- Benin (1.0 units)
This report provides an in-depth analysis of the vacuum pump 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 28132170 - Rotary piston vacuum pumps, sliding vane rotary pumps, m olecular drag pumps, Roots pumps, diffusion pumps, c ryopumps and adsorption pumps
- Prodcom 28132190 - Liquid ring
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
-
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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