Report Update Nov 1, 2024

Nigeria - Air Conditioning Machines for Motor Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Air Conditioning Machines For Motor Vehicles 2024

Exports of Air Conditioning Machines For Motor Vehicles

Exports from Nigeria

In 2022, overseas shipments of air conditioning machines for motor vehicles decreased by -14.3% to X units, falling for the third year in a row after five years of growth. Overall, exports recorded a pronounced decline. The pace of growth appeared the most rapid in 2018 with an increase of 533%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, motor vehicle air conditioning machine exports amounted to $X in 2022. In general, exports recorded a noticeable reduction. The growth pace was the most rapid in 2018 with an increase of 323%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X units), Tanzania (X units) and Ghana (X units) were the main destinations of motor vehicle air conditioning machine exports from Nigeria, with a combined 83% share of total exports. Moreover, motor vehicle air conditioning machine exports in Cote d'Ivoire exceeded the figures recorded by the second-largest exporter, Tanzania, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of +56.5%), while the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X), Cote d'Ivoire ($X) and Ghana ($X) appeared to be the largest markets for motor vehicle air conditioning machine exported from Nigeria worldwide, with a combined 97% share of total exports.

Cote d'Ivoire, with a CAGR of +14.3%, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average export price for air conditioning machines for motor vehicles amounted to $X per unit, picking up by 17% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 130% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Angola ($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 Tanzania (+7.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Air Conditioning Machines For Motor Vehicles

Imports into Nigeria

In 2022, the amount of air conditioning machines for motor vehicles imported into Nigeria skyrocketed to X units, rising by 34% compared with 2021. Over the period under review, imports showed pronounced growth. The most prominent rate of growth was recorded in 2019 with an increase of 1,039% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, motor vehicle air conditioning machine imports rose significantly to $X in 2022. Overall, imports, however, saw a pronounced contraction. The pace of growth appeared the most rapid in 2019 with an increase of 491%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), China (X units) and Malaysia (X units) were the main suppliers of motor vehicle air conditioning machine imports to Nigeria, with a combined 90% share of total imports. South Africa, Brazil, Singapore and France lagged somewhat behind, together comprising a further 7.6%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +34.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motor vehicle air conditioning machine suppliers to Nigeria were Italy ($X), Malaysia ($X) and China ($X), together accounting for 88% of total imports.

Among the main suppliers, Malaysia, with a CAGR of +20.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for air conditioning machines for motor vehicles stood at $X per unit in 2022, declining by -17.5% against the previous year. In general, the import price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the average import price increased by 77% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for air conditioning machines for motor vehicles in the world?

China constituted the country with the largest volume of motor vehicle air conditioning machine consumption, comprising approx. 23% of total volume. Moreover, motor vehicle air conditioning machine consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with an 8% share.

What are the largest producers of air conditioning machines for motor vehicles in the world?

China remains the largest motor vehicle air conditioning machine producing country worldwide, comprising approx. 26% of total volume. Moreover, motor vehicle air conditioning machine production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Japan, with a 6.3% share.

What are the leading suppliers of air conditioning machines for motor vehicles to Nigeria?

In value terms, Italy constituted the largest supplier of motor vehicle air conditioning machine to Nigeria, comprising 57% of total imports. The second position in the ranking was occupied by India, with a 17% share of total imports. It was followed by Malaysia, with a 16% share.

What are the leading importers of air conditioning machines for motor vehicles from Nigeria?

In value terms, Niger remains the key foreign market for motor vehicle air conditioning machine exports from Nigeria, comprising 87% of total exports. The second position in the ranking was occupied by Ghana $205), with a 13% share of total exports.

What is the average export price for air conditioning machines for motor vehicles in Nigeria?

The average export price for air conditioning machines for motor vehicles stood at $19,000 per ton in 2021, shrinking by -3.4% against the previous year.

What is the average import price for air conditioning machines for motor vehicles in Nigeria?

In 2021, the average import price for air conditioning machines for motor vehicles amounted to $5,107 per ton, with a decrease of -44.7% against the previous year.

This report provides an in-depth analysis of the market for motor vehicle air conditioning machine 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 28251240 - Air conditioning machines of a kind used in motor vehicles

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