Nigeria: Brakes And Servo-Brakes Market 2025

Brakes And Servo-Brakes Market Size in Nigeria

The Nigerien brakes and servo-brakes market shrank to $X in 2022, with a decrease of -8% against the previous year. Over the period under review, consumption, however, showed a noticeable increase. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Brakes And Servo-Brakes Production in Nigeria

In value terms, brakes and servo-brakes production shrank to $X in 2022 estimated in export price. Overall, production, however, posted a temperate increase. The pace of growth was the most pronounced in 2014 with an increase of 112% against the previous year. Brakes and servo-brakes production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Brakes And Servo-Brakes Exports

Exports from Nigeria

Brakes and servo-brakes exports from Nigeria surged to X tons in 2022, growing by 113% against the previous year. In general, exports enjoyed mild growth. The most prominent rate of growth was recorded in 2015 when exports increased by 1,620%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, brakes and servo-brakes exports soared to $X in 2022. Overall, exports, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 1,609%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Angola (X tons) was the main destination for brakes and servo-brakes exports from Nigeria, accounting for a 41% share of total exports. Moreover, brakes and servo-brakes exports to Angola exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X tons), threefold. The third position in this ranking was taken by Turkey (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Angola totaled -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+16.4% per year) and Turkey (+53.5% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for brakes and servo-brakes exports from Nigeria, comprising 46% of total exports. The second position in the ranking was taken by Turkey ($X), with a 17% share of total exports. It was followed by Angola, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire amounted to -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+35.8% per year) and Angola (-11.1% per year).

Export Prices by Country

The average brakes and servo-brakes export price stood at $X per ton in 2022, which is down by -28.9% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2019 an increase of 54% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Gambia (+13.7%), while the prices for the other major destinations experienced mixed trend patterns.

Brakes And Servo-Brakes Imports

Imports into Nigeria

In 2022, purchases abroad of brakes and servo-brakes increased by 23% to X tons, rising for the fifth consecutive year after four years of decline. Over the period under review, imports, however, recorded a precipitous shrinkage. The pace of growth appeared the most rapid in 2013 when imports increased by 224% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, brakes and servo-brakes imports soared to $X in 2022. Overall, imports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2013 when imports increased by 251% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and Finland (X tons) were the main suppliers of brakes and servo-brakes imports to Nigeria, with a combined 69% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +96.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of brakes and servo-brakes to Nigeria, comprising 32% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by the United States, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.3% per year) and the United States (-8.9% per year).

Import Prices by Country

The average brakes and servo-brakes import price stood at $X per ton in 2022, reducing by -5.5% against the previous year. In general, the import price, however, posted perceptible growth. The growth pace was the most rapid in 2014 when the average import price increased by 145% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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