Nigeria: Non-Electric Air Heater Market 2024

Non-Electric Air Heater Market Size in Nigeria

The Nigerien non-electric air heater market soared to $X in 2022, picking up by 97% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted modest growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Non-Electric Air Heater Exports

Exports from Nigeria

In 2022, after five years of decline, there was significant growth in shipments abroad of non-electric air heaters or hot air distributors, when their volume increased by 30% to X units. In general, exports, however, continue to indicate a significant contraction. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-electric air heater exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a dramatic contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 250% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Ghana (X units) was the main destination for non-electric air heater exports from Nigeria, accounting for a 77% share of total exports. Moreover, non-electric air heater exports to Ghana exceeded the volume sent to the second major destination, Niger (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ghana stood at -31.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (-34.7% per year) and Cote d'Ivoire (-38.1% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for non-electric air heaters or hot air distributors exports from Nigeria, comprising 85% of total exports. The second position in the ranking was held by Niger ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Cote d'Ivoire amounted to -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+0.2% per year) and Ghana (-46.5% per year).

Export Prices by Country

The average non-electric air heater export price stood at $X per unit in 2022, increasing by 21% against the previous year. In general, the export price recorded buoyant growth. The pace of growth appeared the most rapid in 2015 an increase of 178% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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 Cote d'Ivoire ($X per unit), while the average price for exports to Ghana ($X 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 (+53.8%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Electric Air Heater Imports

Imports into Nigeria

Non-electric air heater imports into Nigeria surged to X units in 2022, growing by 181% against the previous year. Overall, imports posted a slight expansion. The most prominent rate of growth was recorded in 2017 with an increase of 775%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, non-electric air heater imports shrank modestly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 1,076%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Israel (X units), the United States (X units) and Lebanon (X units) were the main suppliers of non-electric air heater imports to Nigeria, together comprising 63% of total imports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +54.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) constituted the largest supplier of non-electric air heaters or hot air distributors to Nigeria, comprising 41% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Israel amounted to +36.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.6% per year) and Italy (+50.2% per year).

Import Prices by Country

The average non-electric air heater import price stood at $X per unit in 2022, which is down by -65.3% against the previous year. Overall, the import price showed a noticeable contraction. The pace of growth appeared the most rapid in 2014 an increase of 110% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 Italy ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+209.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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