Report Update Apr 1, 2024

Nigeria - Electric Bakery and Biscuit Ovens - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Nigeria

The Nigerien market for industrial, laboratory or bakery ovens amounted to $X in 2022, with an increase of X% against the previous year. In general, consumption saw a prominent increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Industrial, Laboratory or Bakery Ovens in Nigeria

In value terms, industrial, laboratory or bakery oven production expanded sharply to $X in 2022 estimated in export price. Overall, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Exports of Industrial, Laboratory or Bakery Ovens

Exports from Nigeria

Industrial, laboratory or bakery oven exports from Nigeria amounted to X units in 2015, approximately equating the year before. Overall, exports showed a significant expansion. The smallest decline of X% was in 2014. Over the period under review, the exports reached the maximum in 2015 and are expected to retain growth in the near future.

In value terms, industrial, laboratory or bakery oven exports amounted to $X in 2015. In general, exports continue to indicate a significant expansion. The smallest decline of X% was in 2014. The exports peaked in 2015 and are expected to retain growth in years to come.

Exports by Country

South Africa (X units) was the main destination for industrial, laboratory or bakery oven exports from Nigeria, with a X% share of total exports. Moreover, industrial, laboratory or bakery oven exports to South Africa exceeded the volume sent to the second major destination, Ghana (X units), threefold.

From 2013 to 2015, the average annual growth rate of volume to South Africa was relatively modest.

From 2013 to 2015, the average annual growth rate of value to South Africa was relatively modest.

Export Prices by Country

In 2015, the average export price for industrial, laboratory or bakery ovens amounted to $X per unit, leveling off at the previous year. Over the period under review, the export price showed a precipitous decline. The most prominent rate of growth was recorded in 2014 when the average export price decreased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2015, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2015, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to Ghana amounted to $X per unit.

From 2013 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (X%).

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Nigeria

In 2022, industrial, laboratory or bakery oven imports into Nigeria declined markedly to X units, reducing by X% against the previous year. Overall, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, industrial, laboratory or bakery oven imports dropped notably to $X in 2022. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest industrial, laboratory or bakery oven supplier to Nigeria, accounting for a X% share of total imports. Moreover, industrial, laboratory or bakery oven imports from China exceeded the figures recorded by the second-largest supplier, India (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of industrial, laboratory or bakery ovens to Nigeria, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%.

Import Prices by Country

The average import price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial, laboratory or bakery ovens in the world?

China remains the largest industrial, laboratory or bakery oven consuming country worldwide, accounting for 26% of total volume. Moreover, industrial, laboratory or bakery oven consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 7.1% share.

What are the largest producers of industrial, laboratory or bakery ovens in the world?

The country with the largest volume of industrial, laboratory or bakery oven production was China, comprising approx. 29% of total volume. Moreover, industrial, laboratory or bakery oven production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was held by Italy, with an 11% share.

What are the leading suppliers of industrial, laboratory or bakery ovens to Nigeria?

In value terms, China constituted the largest supplier of industrial, laboratory or bakery ovens to Nigeria, comprising 40% of total imports. The second position in the ranking was taken by India, with a 20% share of total imports.

What is the average export price for industrial, laboratory or bakery ovens in Nigeria?

In 2015, the average export price for industrial, laboratory or bakery ovens amounted to $323 per unit, remaining relatively unchanged against the previous year.

What is the average import price for industrial, laboratory or bakery ovens in Nigeria?

In 2022, the average import price for industrial, laboratory or bakery ovens amounted to $2,524 per unit, declining by -30.9% against the previous year.

This report provides an in-depth analysis of the market for industrial, laboratory or bakery oven 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 28211330 - Electric bakery and biscuit ovens
Prodcom 28211351 - Resistance heated industrial or laboratory furnaces and ovens (excluding bakery and biscuit ovens)

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