Nigeria: Market for Electric Burglar Or Fire Alarms And Similar Apparatus 2025

Market Size for Electric Burglar Or Fire Alarms And Similar Apparatus in Nigeria

The Nigerien market for electric burglar or fire alarms and similar apparatus skyrocketed to $X in 2021, with an increase of 37% 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). Over the period under review, consumption, however, saw a slight contraction. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

Exports from Nigeria

In 2021, approx. X units of electric burglar or fire alarms and similar apparatus were exported from Nigeria; waning by -98.9% compared with the year before. In general, exports saw a dramatic decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 883%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, electric burglar or fire alarm exports contracted sharply to $X in 2021. Over the period under review, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2016 with an increase of 827%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Azerbaijan (X units) was the main destination for electric burglar or fire alarm exports from Nigeria, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Azerbaijan was relatively modest.

In value terms, Azerbaijan ($X) emerged as the key foreign market for electric burglar or fire alarms and similar apparatus exports from Nigeria.

From 2012 to 2021, the average annual growth rate of value to Azerbaijan was relatively modest.

Export Prices by Country

The average export price for electric burglar or fire alarms and similar apparatus stood at $X per unit in 2021, rising by 128% against the previous year. Over the period under review, the export price posted strong growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 217% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Azerbaijan.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to +45.7% per year.

Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

Imports into Nigeria

In 2021, the amount of electric burglar or fire alarms and similar apparatus imported into Nigeria surged to X units, jumping by 15% compared with the year before. Over the period under review, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when imports increased by 437%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, electric burglar or fire alarm imports soared to $X in 2021. In general, imports showed a tangible increase. The pace of growth appeared the most rapid in 2016 when imports increased by 432%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electric burglar or fire alarm to Nigeria, accounting for a 62% share of total imports. Moreover, electric burglar or fire alarm imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), fivefold. The third position in this ranking was taken by India (X units), with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-11.7% per year) and India (+4.6% per year).

In value terms, China ($X), the UK ($X) and India ($X) appeared to be the largest electric burglar or fire alarm suppliers to Nigeria, with a combined 61% share of total imports. These countries were followed by South Africa, the United Arab Emirates, Italy, Turkey, Israel, France, South Korea and Taiwan (Chinese), which together accounted for a further 16%.

Turkey, with a CAGR of +24.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electric burglar or fire alarms and similar apparatus stood at $X per unit in 2021, picking up by 40% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 an increase of 41% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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