Latest Report Update: Dec 30, 2019

Nigeria - Chandeliers - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Chandelier Market Overview 2020

Chandelier Market Size in Nigeria

The revenue of the chandelier market in Nigeria amounted to $X in 2018, going up by X% 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). Overall, chandelier consumption continues to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. In that year, the chandelier market reached its peak level of $X. From 2016 to 2018, the growth of the chandelier market remained at a somewhat lower figure.

Chandelier Exports

Exports from Nigeria

Chandelier exports from Nigeria amounted to X units in 2018, waning by -X% against the previous year. Overall, chandelier exports continue to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Exports peaked at X units in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

In value terms, chandelier exports totaled $X in 2018. Over the period under review, chandelier exports continue to indicate a deep downturn. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, chandelier exports reached their maximum at $X in 2016; however, from 2017 to 2018, exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for chandelier exports from Nigeria, with a X% share of total exports. Moreover, chandelier exports to China exceeded the volume sent to the second major destination, Angola (X units), sixfold. The UK (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-X% per year) and the UK (+X% per year).

In value terms, Angola ($X), Ghana ($X) and Germany ($X) constituted the largest markets for chandelier exported from Nigeria worldwide, together comprising X% of total exports. The UK and China lagged somewhat behind, together accounting for a further X terms of the main countries of destination, China (+X% per year) recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average chandelier export price amounted to $X per unit, lowering by -X% against the previous year. Overall, the chandelier export price continues to indicate an abrupt drop. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% y-o-y. The export price peaked at $X per unit in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Ghana ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Ghana, while the prices for the other major destinations experienced a decline.

Chandelier Imports

Imports into Nigeria

In 2018, the amount of chandeliers imported into Nigeria stood at X units, dropping by -X% against the previous year. In general, chandelier imports continue to indicate a deep drop. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. In that year, chandelier imports reached their peak of X units. From 2016 to 2018, the growth of chandelier imports remained at a somewhat lower figure.

In value terms, chandelier imports stood at $X in 2018. Over the period under review, chandelier imports continue to indicate a drastic decrease. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. In that year, chandelier imports attained their peak of $X. From 2016 to 2018, the growth of chandelier imports failed to regain its momentum.

Imports by Country

In 2018, Albania (X units) constituted the largest chandelier supplier to Nigeria, accounting for a X% share of total imports. Moreover, chandelier imports from Albania exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was occupied by Germany (X units), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Albania totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Germany (+X% per year).

In value terms, China ($X) constituted the largest supplier of chandelier to Nigeria, comprising X% of total chandelier imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Botswana, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Botswana (+X% per year).

Import Prices by Country

The average chandelier import price stood at $X per unit in 2018, picking up by X% against the previous year. Over the period under review, the chandelier import price continues to indicate a prominent increase. The growth pace was the most rapid in 2014 an increase of X% y-o-y. Over the period under review, the average import prices for chandeliers attained their maximum in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was China ($X per unit), while the price for Albania ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 27402500 - Chandeliers and other electric ceiling or wall lighting fittings (excluding those used for lighting public open spaces or thoroughfares)

This report provides an in-depth analysis of the chandelier 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.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018

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