Report Update Feb 1, 2025

Nigeria - Civil Spacecraft, Satellites and Launch Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Spacecraft Market 2025

Spacecraft Market Size in Nigeria

The Nigerien spacecraft market skyrocketed to $X in 2022, growing by 46% against the previous year. Overall, consumption saw significant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Spacecraft Production in Nigeria

In value terms, spacecraft production skyrocketed to $X in 2022 estimated in export price. Overall, production saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 441%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Spacecraft Imports

Imports into Nigeria

For the fifth consecutive year, Nigeria recorded growth in purchases abroad of civil spacecraft, satellites and launch vehicles, which increased by 376% to X units in 2022. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, spacecraft imports shrank remarkably to $X in 2022. In general, imports showed a significant expansion. The growth pace was the most rapid in 2018 with an increase of 4,201% against the previous year. Imports peaked at $X in 2021, and then contracted dramatically in the following year.

Imports by Country

In 2022, the United States (X units) was the main spacecraft supplier to Nigeria, with a 91% share of total imports. Moreover, spacecraft imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +35.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.5% per year) and the UK (+10.3% per year).

In value terms, the United States ($X) constituted the largest supplier of civil spacecraft, satellites and launch vehicles to Nigeria, comprising 94% of total imports. The second position in the ranking was taken by China ($X), with a 4.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +47.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+24.4% per year) and the UK (+13.3% per year).

Import Prices by Country

The average spacecraft import price stood at $X per unit in 2022, falling by -89% against the previous year. Over the period under review, the import price, however, recorded mild growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 2,481%. The import price peaked at $X per unit in 2021, and then shrank notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for civil spacecraft, satellites and launch vehicles in the world?

The country with the largest volume of spacecraft consumption was Mexico, comprising approx. 46% of total volume. Moreover, spacecraft consumption in Mexico exceeded the figures recorded by the second-largest consumer, France, threefold. The third position in this ranking was occupied by Luxembourg, with a 5.8% share.

What are the largest producers of civil spacecraft, satellites and launch vehicles in the world?

The country with the largest volume of spacecraft production was China, comprising approx. 68% of total volume. Moreover, spacecraft production in China exceeded the figures recorded by the second-largest producer, France, fourfold. The third position in this ranking was occupied by South Korea, with a 6.5% share.

What are the leading suppliers of civil spacecraft, satellites and launch vehicles to Nigeria?

In value terms, China constituted the largest supplier of spacecraft to Nigeria, comprising 99% of total imports. The second position in the ranking was occupied by the UK $76), with a 1% share of total imports.

What is the average export price for civil spacecraft, satellites and launch vehicles in Nigeria?

In 2018, the average spacecraft export price amounted to $38 per unit, stabilizing at the previous year.

What is the average import price for civil spacecraft, satellites and launch vehicles in Nigeria?

In 2021, the average spacecraft import price amounted to $257 per unit, remaining stable against the previous year.

This report provides an in-depth analysis of the spacecraft 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 30304000 - Spacecraft, satellites and launch vehicles, for civil use

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 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
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