Nigeria: Electronic Metal Tester Market 2025

Electronic Metal Tester Market Size in Nigeria

After three years of growth, the Nigerien electronic metal tester market decreased by -86.4% to $X in 2021. Over the period under review, consumption, however, continues to indicate a prominent increase. As a result, consumption attained the peak level of $X, and then reduced dramatically in the following year.

Electronic Metal Tester Production in Nigeria

In value terms, electronic metal tester production dropped to $X in 2021 estimated in export price. In general, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +1.4% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 39%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Electronic Metal Tester Exports

Exports from Nigeria

In 2021, shipments abroad of electronic machines and appliances for testing metals decreased by -18.9% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 1,222% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, electronic metal tester exports fell rapidly to $X in 2021. Over the period under review, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2019 when exports increased by 523% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for electronic metal tester exports from Nigeria, accounting for a 81% share of total exports. Moreover, electronic metal tester exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X units), eightfold. The third position in this ranking was held by Ghana (X units), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +34.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-1.5% per year) and Ghana (+16.7% per year).

In value terms, the UK ($X), the Netherlands ($X) and Ghana ($X) were the largest markets for electronic metal tester exported from Nigeria worldwide, with a combined 97% share of total exports.

In terms of the main countries of destination, Ghana, with a CAGR of +24.6%, saw the highest rates of growth with regard to 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 2021, the average electronic metal tester export price amounted to $X per unit, with a decrease of -4.3% against the previous year. Over the period under review, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 38%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.

Electronic Metal Tester Imports

Imports into Nigeria

After three years of growth, purchases abroad of electronic machines and appliances for testing metals decreased by -95.8% to X units in 2021. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 915%. Over the period under review, imports hit record highs at X units in 2020, and then dropped dramatically in the following year.

In value terms, electronic metal tester imports dropped remarkably to $X in 2021. Over the period under review, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by 1,017% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then dropped markedly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest electronic metal tester supplier to Nigeria, with a 85% share of total imports. Moreover, electronic metal tester imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was taken by Italy (X units), with a 2% share.

From 2015 to 2021, the average annual rate of growth in terms of volume from China stood at +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+34.8% per year) and Italy (-25.4% per year).

In value terms, the United States ($X) constituted the largest supplier of electronic machines and appliances for testing metals to Nigeria, comprising 52% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by the UK, with a 4.7% share.

From 2015 to 2021, the average annual growth rate of value from the United States stood at +84.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.1% per year) and the UK (+4.1% per year).

Import Prices by Country

The average electronic metal tester import price stood at $X per unit in 2021, surging by 117% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2015 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+37.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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