Report Update Apr 1, 2024

Nigeria - Electrical Capacitors - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Capacitor Market 2024

Capacitor Market Size in Nigeria

In 2022, the Nigerien capacitor market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption faced a precipitous descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Capacitor Exports

Exports from Nigeria

Capacitor exports from Nigeria amounted to X units in 2014, leveling off at the year before. Overall, exports showed a precipitous slump. The smallest decline of X% was in 2013. The exports peaked at X units in 2012; however, from 2013 to 2014, the exports remained at a lower figure.

In value terms, capacitor exports stood at $X in 2014. In general, exports posted perceptible growth. The smallest decline of X% was in 2013. The exports peaked in 2014 and are expected to retain growth in the near future.

Exports by Country

Cote d'Ivoire (X units) was the main destination for capacitor exports from Nigeria, with a X% share of total exports. Moreover, capacitor exports to Cote d'Ivoire exceeded the volume sent to the second major destination, South Korea (X units), twofold. Ghana (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2014, the average annual growth rate of volume to Cote d'Ivoire totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Ghana (X% per year).

It was followed by Ghana, with a X% share.

From 2012 to 2014, the average annual rate of growth in terms of value to Cote d'Ivoire totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Ghana (X% per year).

Export Prices by Country

The average capacitor export price stood at $X per unit in 2014, flattening at the previous year. Overall, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2013 a decrease of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2014 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2014, amid the top suppliers, the countries with the highest prices were Cote d'Ivoire ($X per unit) and India ($X per unit), while the average price for exports to South Korea ($X per unit) and Ghana ($X per unit) were amongst the lowest.

From 2012 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (X%).

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Capacitor Imports

Imports into Nigeria

Capacitor imports into Nigeria shrank sharply to X units in 2022, waning by X% on the previous year's figure. Overall, imports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, capacitor imports shrank markedly to $X in 2022. In general, imports faced a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and India (X units) were the main suppliers of capacitor imports to Nigeria, together comprising X% of total imports. France, the United States, Italy and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, India ($X) constituted the largest supplier of electrical capacitors to Nigeria, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and France (X% per year).

Import Prices by Country

The average capacitor import price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price posted a significant expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for Italy (less than $X per unit) was amongst the lowest.

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

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Frequently Asked Questions (FAQ) :

What are the largest markets for electrical capacitors in the world?

China remains the largest capacitor consuming country worldwide, comprising approx. 25% of total volume. Moreover, capacitor consumption in China exceeded the figures recorded by the second-largest consumer, Hungary, twofold. The third position in this ranking was taken by Japan, with a 4.4% share.

What are the largest producers of electrical capacitors in the world?

China remains the largest capacitor producing country worldwide, comprising approx. 40% of total volume. Moreover, capacitor production in China exceeded the figures recorded by the second-largest producer, Japan, fourfold. The third position in this ranking was held by Malaysia, with an 8.2% share.

What are the leading suppliers of electrical capacitors to Nigeria?

In value terms, India constituted the largest supplier of electrical capacitors to Nigeria, comprising 68% of total imports. The second position in the ranking was taken by China, with a 16% share of total imports. It was followed by France, with a 5.3% share.

What are the leading importers of electrical capacitors from Nigeria?

It was followed by Ghana, with a 16% share.

What is the average export price for electrical capacitors in Nigeria?

In 2014, the average capacitor export price amounted to $0.3 per unit, remaining stable against the previous year.

What is the average import price for electrical capacitors in Nigeria?

The average capacitor import price stood at $0.1 per unit in 2022, picking up by 250% against the previous year.

This report provides an in-depth analysis of the capacitor 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 27905100 - Fixed power capacitors with a power handling capacity of > 0,5 kvar
Prodcom 27905220 - Fixed electrical capacitors, tantalum or aluminium electrolytic (excluding power capacitors)
Prodcom 27905240 - Other fixed electrical capacitors n.e.c.
Prodcom 27905300 - Variable capacitors (including pre-sets)

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