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Nigeria - Electrical Insulating Fittings Of Plastics - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Electrical Insulating Fittings Market Overview 2021

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Electrical Insulating Fittings Market Size in Nigeria

In 2020, after two years of growth, there was significant decline in the Nigerien electrical insulating fittings market, when its value decreased by -X% to $X. In general, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. From 2011 to 2020, the growth of the market remained at a somewhat lower figure.

Electrical Insulating Fittings Production in Nigeria

In value terms, electrical insulating fittings production declined to $X in 2020 estimated in export prices. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. As a result, production reached the peak level of $X. From 2011 to 2020, production growth remained at a lower figure.

Electrical Insulating Fittings Exports

Exports from Nigeria

In 2020, approx. X units of electrical insulating fittings of plastics were exported from Nigeria; jumping by X% on the previous year's figure. Overall, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at X units in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

In value terms, electrical insulating fittings exports amounted to $X in 2020. Over the period under review, exports, however, faced a sharp downturn. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. From 2012 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Ghana (X units) and Cote d'Ivoire (X units) were the main destinations of electrical insulating fittings exports from Nigeria.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire.

In value terms, Cote d'Ivoire ($X) remains the key foreign market for electrical insulating fittings exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by Ghana ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Cote d'Ivoire totaled -X%.

Export Prices by Country

In 2020, the average electrical insulating fittings export price amounted to $X per unit, falling by -X% against the previous year. In general, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Ghana totaled $X per unit.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Ghana.

Electrical Insulating Fittings Imports

Imports into Nigeria

In 2020, approx. X units of electrical insulating fittings of plastics were imported into Nigeria; remaining constant against 2019 figures. Overall, imports enjoyed a buoyant expansion. Over the period under review, imports attained the maximum in 2020 and are likely to see gradual growth in years to come.

In value terms, electrical insulating fittings imports stood at $X in 2020. Over the period under review, imports continue to indicate a mild reduction. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X units), Viet Nam (X units) and Malaysia (X units) were the main suppliers of electrical insulating fittings imports to Nigeria, with a combined X% share of total imports. These countries were followed by Indonesia, China, Spain and Germany, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Viet Nam ($X) and Indonesia ($X) were the largest electrical insulating fittings suppliers to Nigeria, with a combined X% share of total imports.

Indonesia (+X% per year) recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electrical insulating fittings import price stood at $X per unit in 2020, therefore, remained relatively stable against the previous year. In general, the import price recorded a deep contraction. Over the period under review, average import prices hit record highs at $X per unit in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Indonesia ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Viet Nam, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electrical insulating fittings of plastics in the world?
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The countries with the highest volumes of electrical insulating fittings consumption in 2020 were China (79M units), the U.S. (46M units) and India (29M units), with a combined 44% share of global consumption. These countries were followed by Japan, Germany, the Czech Republic, Nigeria, Mexico, Morocco, France, South Korea, Romania and Italy, which together accounted for a further 27%.
What are the largest producers of electrical insulating fittings of plastics in the world?
+
The countries with the highest volumes of electrical insulating fittings production in 2020 were China (76M units), the U.S. (45M units) and Germany (32M units), with a combined 47% share of global production. Japan, India, South Korea, Nigeria, Austria, France, Italy and Hungary lagged somewhat behind, together comprising a further 33%.
What are the leading suppliers of electrical insulating fittings of plastics to Nigeria?
+
In value terms, the largest electrical insulating fittings suppliers to Nigeria were Turkey ($29K), Viet Nam ($19K) and Indonesia ($15K), together comprising 42% of total imports.
What are the leading importers of electrical insulating fittings of plastics from Nigeria?
+
In value terms, Cote d'Ivoire ($102) remains the key foreign market for electrical insulating fittings exports from Nigeria, comprising 67% of total exports. The second position in the ranking was occupied by Ghana ($51), with a 33% share of total exports.
What is the average export price for electrical insulating fittings of plastics in Nigeria?
+
The average electrical insulating fittings export price stood at $14 per unit in 2020, falling by -34.4% against the previous year.
What is the average import price for electrical insulating fittings of plastics in Nigeria?
+
In 2020, the average electrical insulating fittings import price amounted to $9.9 per unit, approximately mirroring the previous year.

Product coverage:
• Prodcom 27331430 - Insulating fittings of plastic, for electrical machines, a ppliances or equipment (excluding electrical insulators)

This report provides an in-depth analysis of the electrical insulating fittings 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 2025.


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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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