Report Update Nov 1, 2024

Nigeria - Centrifugal Clothes-Dryers - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in Nigeria

The Nigerien centrifugal clothes-dryer market rose significantly to $X in 2021, with an increase of 9.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw significant growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Centrifugal Clothes-Dryer Exports

Exports from Nigeria

After two years of decline, shipments abroad of centrifugal clothes-dryers decreased by -33.3% to X units in 2021. Over the period under review, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 300% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, centrifugal clothes-dryer exports declined markedly to $X in 2021. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 332% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ghana (X units) was the main destination for centrifugal clothes-dryer exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Ghana stood at -20.6%.

In value terms, Ghana ($X) also remains the key foreign market for centrifugal clothes-dryers exports from Nigeria.

From 2012 to 2021, the average annual rate of growth in terms of value to Ghana stood at +41.3%.

Export Prices by Country

In 2021, the average centrifugal clothes-dryer export price amounted to $X per unit, which is down by -34.1% against the previous year. Overall, the export price, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2019 an increase of 1,982% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2021, the rate of growth in terms of prices for Ghana amounted to +2.5% per year.

Centrifugal Clothes-Dryer Imports

Imports into Nigeria

For the fifth consecutive year, Nigeria recorded growth in overseas purchases of centrifugal clothes-dryers, which increased by 5.5% to X units in 2021. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 847% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, centrifugal clothes-dryer imports surged to $X in 2021. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 1,040% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) was the main centrifugal clothes-dryer supplier to Nigeria, with a 95% share of total imports. It was followed by Japan (X units), with a 1.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +83.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (0.0% per year) and Ireland (0.0% per year).

In value terms, China ($X) constituted the largest supplier of centrifugal clothes-dryers to Nigeria, comprising 86% of total imports. The second position in the ranking was taken by Ireland ($X), with a 3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +88.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (0.0% per year) and Japan (0.0% per year).

Import Prices by Country

The average centrifugal clothes-dryer import price stood at $X per unit in 2021, rising by 29% against the previous year. Over the period under review, the import price, however, showed a slight downturn. The growth pace was the most rapid in 2014 an increase of 193%. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ireland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for centrifugal clothes-dryers in the world?

The countries with the highest volumes of centrifugal clothes-dryer consumption in 2020 were China, Turkey and Nigeria, together accounting for 65% of global consumption.

What are the largest producers of centrifugal clothes-dryers in the world?

The countries with the highest volumes of centrifugal clothes-dryer production in 2020 were China, Turkey and Argentina, with a combined 93% share of global production. These countries were followed by South Korea, which accounted for a further 1.5%.

What are the leading suppliers of centrifugal clothes-dryers to Nigeria?

In value terms, China constituted the largest supplier of centrifugal clothes-dryer to Nigeria.

What is the average import price for centrifugal clothes-dryers in Nigeria?

The average centrifugal clothes-dryer import price stood at $280 per unit in 2020, with an increase of 11% against the previous year.

This report provides an in-depth analysis of the centrifugal clothes-dryer 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 2030.

Product coverage:

Prodcom 28942300 - Centrifugal clothes-dryers

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