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Report Nigeria - Check Valves for Pipes, Boiler Shells, Tanks and Vats - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

Nigeria - Check Valves for Pipes, Boiler Shells, Tanks and Vats - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Check Valve Market 2025

Check Valve Market Size in Nigeria

In 2021, the Nigerien check valve market increased by 28% to $X, rising for the third year in a row after three years of decline. Over the period under review, consumption recorded prominent growth. Check valve consumption peaked in 2021 and is likely to continue growth in the near future.

Check Valve Exports

Exports from Nigeria

In 2021, shipments abroad of check valves for pipes, boiler shells, tanks and vats decreased by -82.7% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports recorded a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of 515% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, check valve exports contracted markedly to $X in 2021. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 283% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Angola (X units) was the main destination for check valve exports from Nigeria, accounting for a 64% share of total exports. Moreover, check valve exports to Angola exceeded the volume sent to the second major destination, Benin (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Angola totaled -7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (0.0% per year) and Cote d'Ivoire (-19.2% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for check valves for pipes, boiler shells, tanks and vats exports from Nigeria, comprising 59% of total exports. The second position in the ranking was held by Angola ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Cote d'Ivoire totaled -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-6.6% per year) and Benin (0.0% per year).

Export Prices by Country

The average check valve export price stood at $X per unit in 2021, waning by -34.5% against the previous year. Over the period under review, the export price, however, posted pronounced growth. The most prominent rate of growth was recorded in 2014 an increase of 628% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Benin ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Check Valve Imports

Imports into Nigeria

In 2021, overseas purchases of check valves for pipes, boiler shells, tanks and vats increased by 16% to X units, rising for the third consecutive year after three years of decline. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 86%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, check valve imports surged to $X in 2021. Over the period under review, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), China (X units) and India (X units) were the main suppliers of check valve imports to Nigeria, together comprising 88% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +24.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of check valves for pipes, boiler shells, tanks and vats to Nigeria, comprising 64% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by France, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +28.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.6% per year) and France (+16.6% per year).

Import Prices by Country

In 2021, the average check valve import price amounted to $X per unit, jumping by 74% against the previous year. Over the period under review, the import price posted a prominent increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 98% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of check valve consumption was China, accounting for 26% of total volume. Moreover, check valve consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 6.9% share.
China constituted the country with the largest volume of check valve production, accounting for 55% of total volume. Moreover, check valve production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The third position in this ranking was occupied by Japan, with a 4.9% share.
In value terms, China constituted the largest supplier of check valve to Nigeria, comprising 60% of total imports. The second position in the ranking was occupied by the UK, with a 7.4% share of total imports.
In value terms, Tanzania emerged as the key foreign market for check valve exports from Nigeria, comprising 64% of total exports. The second position in the ranking was occupied by Switzerland, with a 17% share of total exports. It was followed by Belgium, with an 8.1% share.
The average check valve export price stood at $41 per unit in 2020, increasing by 8.2% against the previous year.
The average check valve import price stood at $16 per unit in 2020, with a decrease of -26.4% against the previous year.

This report provides an in-depth analysis of the check valve 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 28141160 - Check valves for pipes, boiler shells, tanks, vats and the like

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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    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, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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