Latest Report Update: Dec 30, 2019

Nigeria - Electric Generating Sets And Rotary Converters - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Generator Market Overview 2020

Generator Market Size in Nigeria

The revenue of the generator market in Nigeria amounted to $X in 2018, dropping 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, generator consumption continues to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. In that year, the generator market reached its peak level of $X. From 2011 to 2018, the growth of the generator market remained at a lower figure.

Generator Exports

Exports from Nigeria

Generator exports from Nigeria amounted to X units in 2018, flattening at the previous year. Overall, generator exports, however, continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. In that year, generator exports reached their peak of X units. From 2016 to 2018, the growth of generator exports failed to regain its momentum.

In value terms, generator exports amounted to $X in 2018. In general, generator exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2015; however, from 2016 to 2018, exports remained at a lower figure.

Exports by Country

South Africa (X units) was the main destination for generator exports from Nigeria, with a X% share of total exports. Moreover, generator exports to South Africa exceeded the volume sent to the second major destination, the Netherlands (X units), more than tenfold.

From 2007 to 2018, the average annual growth rate of volume to South Africa totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Cameroon (+X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for generator exports from Nigeria, comprising X% of total generator exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of value to the Netherlands amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+X% per year) and Cameroon (+X% per year).

Export Prices by Country

The average generator export price stood at $X per unit in 2018, shrinking by -X% against the previous year. Over the period under review, the generator export price continues to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2016 an increase of X% y-o-y. Over the period under review, the average export prices for electric generating sets and rotary converters reached their maximum at $X per unit in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to South Africa ($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 the Netherlands, while the prices for the other major destinations experienced a decline.

Generator Imports

Imports into Nigeria

Generator imports into Nigeria amounted to X units in 2018, falling by -X% against the previous year. Over the period under review, generator imports continue to indicate a drastic slump. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. In that year, generator imports attained their peak of X units. From 2011 to 2018, the growth of generator imports failed to regain its momentum.

In value terms, generator imports amounted to $X in 2018. Overall, generator imports continue to indicate a significant descent. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

China (X units), Botswana (X units) and Albania (X units) were the main suppliers of generator imports to Nigeria, together accounting for X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Albania (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest generator suppliers to Nigeria were the UK ($X), China ($X) and Albania ($X), with a combined X% share of total imports. These countries were followed by Botswana and Algeria, which together accounted for a further X recorded the highest rates of growth with regard to imports, in terms of the main suppliers over the last eleven years, while the other leaders experienced a decline.

Import Prices by Country

In 2018, the average generator import price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the generator import price continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, the average import prices for electric generating sets and rotary converters attained their peak figure 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 the UK ($X per unit), while the price for Algeria ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 27113110 - Generating sets with compression-ignition internal combustion piston engines, of an output . .75 kVA
• Prodcom 27113130 - Generating sets with compression-ignition internal combustion piston engines of an output > .75 kVA but . .375 kVA
• Prodcom 27113150 - Generating sets with compression-ignition internal combustion piston engines of an output > .375 kVA but . .750 kVA
• Prodcom 27113170 - Generating sets with compression-ignition engines of an output > .750 kVA
• Prodcom 27113233 - Generating sets with spark-ignition internal combustion piston engines of an output . 7,5 kVA
• Prodcom 27113235 - Generating sets with spark-ignition internal combustion piston engines of an output > 7,5 kVA
• Prodcom 27113250 - Generating sets (excluding wind-powered and powered by spark-ignition internal combustion piston engine)
• Prodcom 27113270 - Rotary converters
• Prodcom 28112400 - Generating sets, wind-powered

This report provides an in-depth analysis of the generator 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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