Nigeria: Pacemaker Market 2024

Pacemaker Market Size in Nigeria

The Nigerien pacemaker market contracted slightly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, posted a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Pacemaker Production in Nigeria

In value terms, pacemaker production dropped slightly to $X in 2022 estimated in export price. In general, production, however, recorded strong growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Pacemaker production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Pacemaker Exports

Exports from Nigeria

In 2022, the amount of pacemakers for stimulating heart muscles (excl. parts and accessories) exported from Nigeria skyrocketed to X units, with an increase of X% compared with 2021 figures. In general, exports saw a buoyant increase. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, pacemaker exports fell to $X in 2022. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X units), the Netherlands (X units) and Kenya (X units) were the main destinations of pacemaker exports from Nigeria. Moreover, pacemaker exports in Cote d'Ivoire exceeded the figures recorded by the second-largest exporter, the Netherlands, twofold.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) remains the key foreign market for pacemakers for stimulating heart muscles (excl. parts and accessories) exports from Nigeria, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2022, 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: the Netherlands (X% per year) and Kenya (X% per year).

Export Prices by Country

The average pacemaker export price stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the export price, however, saw a noticeable expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Kenya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%).

Pacemaker Imports

Imports into Nigeria

In 2022, supplies from abroad of pacemakers for stimulating heart muscles (excl. parts and accessories) was finally on the rise to reach X units after two years of decline. In general, imports saw significant growth. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, pacemaker imports fell to $X in 2022. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest pacemaker supplier to Nigeria, accounting for a X% share of total imports. Moreover, pacemaker imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. The third position in this ranking was held by Israel (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Israel (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of pacemakers for stimulating heart muscles (excl. parts and accessories) to Nigeria, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Israel (X% per year).

Import Prices by Country

In 2022, the average pacemaker import price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then declined sharply in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Africa ($X per unit) and Israel ($X per unit), while the price for Germany ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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