Nigeria: Market for Dentist And Barber Chairs 2024

Market Size for Dentist And Barber Chairs in Nigeria

The Nigerien dentist or barber chair market soared to $X in 2022, jumping by 158% 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). In general, consumption enjoyed a significant expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Exports of Dentist And Barber Chairs

Exports from Nigeria

After three years of decline, overseas shipments of dentist and barber chairs increased by 38% to X units in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 269% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, dentist or barber chair exports fell to $X in 2022. Overall, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 94% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Niger (X units) was the main destination for dentist or barber chair exports from Nigeria, with a 80% share of total exports. Moreover, dentist or barber chair exports to Niger exceeded the volume sent to the second major destination, Ghana (X units), eightfold. Cote d'Ivoire (X units) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to Niger stood at +77.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+27.0% per year) and Cote d'Ivoire (+40.2% per year).

In value terms, the largest markets for dentist or barber chair exported from Nigeria were Ghana ($X), Niger ($X) and Cote d'Ivoire ($X), together comprising 93% of total exports.

Among the main countries of destination, Niger, with a CAGR of +40.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average dentist or barber chair export price amounted to $X per unit, falling by -34.5% against the previous year. In general, the export price recorded a abrupt descent. The growth pace was the most rapid in 2021 an increase of 102%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per unit), while the average price for exports to Niger ($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 Ghana (-5.2%), while the prices for the other major destinations experienced a decline.

Imports of Dentist And Barber Chairs

Imports into Nigeria

Dentist or barber chair imports into Nigeria skyrocketed to X units in 2022, rising by 162% on 2021 figures. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 373%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, dentist or barber chair imports soared to $X in 2022. In general, imports saw significant growth. The growth pace was the most rapid in 2014 when imports increased by 264%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of dentist or barber chair to Nigeria, accounting for a 88% share of total imports. Moreover, dentist or barber chair imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +62.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+87.0% per year) and the UK (+76.1% per year).

In value terms, China ($X) constituted the largest supplier of dentist and barber chairs to Nigeria, comprising 59% of total imports. The second position in the ranking was taken by the UK ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +51.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+67.1% per year) and India (+62.1% per year).

Import Prices by Country

The average dentist or barber chair import price stood at $X per unit in 2022, waning by -19.3% against the previous year. Overall, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of 105% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($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 UK (-5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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