Latest Report Update: May 11, 2021

Nigeria - Primary Cells And Primary Batteries - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Nigeria: Battery Market Overview 2021

Battery Market Size in Nigeria

In 2020, after two years of growth, there was significant decline in the Nigerien battery market, when its value decreased by -X% to $X. Over the period under review, consumption saw prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Battery Exports

Exports from Nigeria

In 2020, exports of primary cells and primary batteries from Nigeria rose markedly to X units, surging by X% against the previous year's figure. Over the period under review, exports, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Exports peaked at X units in 2011; however, from 2012 to 2020, exports remained at a lower figure.

In value terms, battery exports dropped rapidly to $X in 2020. Overall, exports, however, faced a deep contraction. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2015 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Ghana (X units) was the main destination for battery exports from Nigeria, accounting for a X% share of total exports. Moreover, battery exports to Ghana exceeded the volume sent to the second major destination, Cameroon (X units), twofold. Niger (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Ghana amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (+X% per year) and Niger (-X% per year).

In value terms, Cameroon ($X), Cote d'Ivoire ($X) and Ghana ($X) constituted the largest markets for battery exported from Nigeria worldwide, together comprising X% of total exports.

Cameroon recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average battery export price stood at $X per unit in 2020, falling by -X% against the previous year. Overall, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. As a result, export price reached the peak level of $X per unit. From 2014 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Ghana ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Niger, while the prices for the other major destinations experienced a decline.

Battery Imports

Imports into Nigeria

In 2020, purchases abroad of primary cells and primary batteries increased by X% to X units, rising for the third consecutive year after two years of decline. Over the period under review, imports showed resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, battery imports declined notably to $X in 2020. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% y-o-y. As a result, imports reached the peak of $X, and then reduced markedly in the following year.

Imports by Country

In 2020, China (X units) constituted the largest supplier of battery to Nigeria, with a X% share of total imports. Moreover, battery imports from China exceeded the figures recorded by the second-largest supplier, Benin (X units), more than tenfold. The United Arab Emirates (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Benin (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, China ($X) constituted the largest supplier of battery to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by Switzerland ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+X% per year) and the United Arab Emirates (+X% per year).

Import Prices by Country

In 2020, the average battery import price amounted to $X per unit, which is down by -X% against the previous year. Overall, the import price, however, saw prominent growth. The pace of growth appeared the most rapid in 2012 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019, and then contracted dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Switzerland ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for primary cells and primary batteries in the world?
+
The countries with the highest volumes of battery consumption in 2020 were India (16B units), China (12B units) and Japan (6.3B units), together accounting for 47% of global consumption. These countries were followed by the U.S., Spain, Indonesia, Germany, Mozambique, the UK, Thailand, Mexico and Brazil, which together accounted for a further 28%.
What are the largest producers of primary cells and primary batteries in the world?
+
China (44B units) constituted the country with the largest volume of battery production, accounting for 48% of total volume. Moreover, battery production in China exceeded the figures recorded by the second-largest producer, India (16B units), threefold. Japan (5.5B units) ranked third in terms of total production with a 6.1% share.
What are the leading suppliers of primary cells and primary batteries to Nigeria?
+
In value terms, China ($31M) constituted the largest supplier of battery to Nigeria, comprising 60% of total imports. The second position in the ranking was occupied by Switzerland ($1.9M), with a 3.8% share of total imports. It was followed by the United Arab Emirates, with a 2.3% share.
What are the leading importers of primary cells and primary batteries from Nigeria?
+
In value terms, the largest markets for battery exported from Nigeria were Cameroon ($23K), Cote d'Ivoire ($18K) and Ghana ($9.4K), together accounting for 74% of total exports.
What is the average export price for primary cells and primary batteries in Nigeria?
+
In 2020, the average battery export price amounted to $0.3 per unit, reducing by -25.7% against the previous year.
What is the average import price for primary cells and primary batteries in Nigeria?
+
In 2020, the average battery import price amounted to $0.6 per unit, reducing by -17.1% against the previous year.

Product coverage:
• Prodcom 27201100 - Primary cells and primary batteries

This report provides an in-depth analysis of the battery 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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