Nigeria: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in Nigeria

In 2022, the Nigerien market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA increased by 93% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption enjoyed a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports from Nigeria

In 2022, overseas shipments of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA were finally on the rise to reach X units after four years of decline. Overall, exports saw a temperate increase. The growth pace was the most rapid in 2013 with an increase of 111%. Over the period under review, the exports of attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA soared to $X in 2022. In general, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 381% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Niger (X units) and Angola (X units) were the main destinations of exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from Nigeria, with a combined 55% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +7.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Niger ($X), Angola ($X) and Benin ($X) constituted the largest markets for diesel or semi-diesel electric generating set of output over X kVA but under X kVA exported from Nigeria worldwide, with a combined 66% share of total exports.

Among the main countries of destination, Benin, with a CAGR of +29.0%, saw 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 export price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA amounted to $X per unit, picking up by 61% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 151%. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($X per unit), while the average price for exports to Burkina Faso ($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 Uganda (+57.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports into Nigeria

In 2022, overseas purchases of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA were finally on the rise to reach X units after two years of decline. Overall, imports recorded a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA surged to $X in 2022. Over the period under review, imports saw a tangible increase. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest diesel or semi-diesel electric generating set of output over X kVA but under X kVA supplier to Nigeria, accounting for a 17% share of total imports. Moreover, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. India (X units) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +34.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+37.5% per year) and India (+46.3% per year).

In value terms, China ($X) constituted the largest supplier of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA to Nigeria, comprising 26% of total imports. The second position in the ranking was taken by India ($X), with a 12% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +31.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+22.0% per year) and the United States (+34.2% per year).

Import Prices by Country

The average import price for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA stood at $X per unit in 2022, falling by -30.7% against the previous year. Overall, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 90% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Japan ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+19.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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