Report Update Nov 1, 2024

Nigeria - Dry-Cleaning Machines - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Dry-Cleaning Machine Market 2024

Dry-Cleaning Machine Market Size in Nigeria

In 2021, the Nigerien dry-cleaning machine market decreased by -64% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, showed a resilient expansion. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

Dry-Cleaning Machine Exports

Exports from Nigeria

In 2021, the amount of dry-cleaning machines exported from Nigeria totaled less than X units, leveling off at the year before. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, dry-cleaning machine exports amounted to less than $X in 2021. In general, exports showed a relatively flat trend pattern. The smallest decline of 99.9% was in 2020. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Dry-Cleaning Machine Imports

Imports into Nigeria

After three years of growth, overseas purchases of dry-cleaning machines decreased by -61.2% to X units in 2021. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 235% against the previous year. As a result, imports reached the peak of X units, and then contracted markedly in the following year.

In value terms, dry-cleaning machine imports fell markedly to $X in 2021. Over the period under review, imports, however, continue to indicate a measured increase. The growth pace was the most rapid in 2014 with an increase of 240% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then dropped remarkably in the following year.

Imports by Country

In 2021, South Korea (X units) constituted the largest supplier of dry-cleaning machine to Nigeria, with a 63% share of total imports. Moreover, dry-cleaning machine imports from South Korea exceeded the figures recorded by the second-largest supplier, India (X units), eightfold. The third position in this ranking was held by Japan (X units), with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea totaled +84.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+28.6% per year) and Japan (+41.0% per year).

In value terms, the largest dry-cleaning machine suppliers to Nigeria were China ($X), South Korea ($X) and the UK ($X), with a combined 60% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +72.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dry-cleaning machine import price stood at $X per unit in 2021, declining by -44% against the previous year. Over the period under review, the import price faced a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 204%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 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 China ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for dry-cleaning machines in the world?

Thailand remains the largest dry-cleaning machine consuming country worldwide, comprising approx. 50% of total volume. Moreover, dry-cleaning machine consumption in Thailand exceeded the figures recorded by the second-largest consumer, Italy, twofold. The third position in this ranking was occupied by Botswana, with a 14% share.

What are the largest producers of dry-cleaning machines in the world?

The countries with the highest volumes of dry-cleaning machine production in 2021 were Thailand, Italy and Botswana, with a combined 89% share of global production.

What are the leading suppliers of dry-cleaning machines to Nigeria?

In value terms, China constituted the largest supplier of dry-cleaning machine to Nigeria, comprising 75% of total imports. The second position in the ranking was occupied by South Korea, with an 8.9% share of total imports. It was followed by Japan, with a 6.1% share.

What is the average export price for dry-cleaning machines in Nigeria?

In 2019, the average dry-cleaning machine export price amounted to $257 per unit, remaining stable against the previous year.

What is the average import price for dry-cleaning machines in Nigeria?

The average dry-cleaning machine import price stood at $21,973 per unit in 2021, rising by 27% against the previous year.

This report provides an in-depth analysis of the dry-cleaning machine 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 28942250 - Dry-cleaning machines

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