Report Update Nov 1, 2024

Nigeria - Glass Electrical Insulators - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Market Size in Nigeria

In 2021, the Nigerien glass electrical insulator market increased by 6.7% to $X, rising for the fourth year in a row after two years of decline. In general, consumption recorded a significant increase. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Glass Electrical Insulator Exports

Exports from Nigeria

In 2021, the amount of glass electrical insulators exported from Nigeria shrank rapidly to X units, reducing by -65% against the year before. Overall, exports recorded a sharp curtailment. Over the period under review, the exports attained the maximum at X units in 2020, and then contracted significantly in the following year.

In value terms, glass electrical insulator exports declined remarkably to $X in 2021. In general, exports showed a significant decrease. The exports peaked at $X in 2020, and then reduced dramatically in the following year.

Exports by Country

The United Arab Emirates (X units) was the main destination for glass electrical insulator exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2020 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for glass electrical insulators exports from Nigeria.

From 2020 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest.

Export Prices by Country

The average glass electrical insulator export price stood at $X per unit in 2021, which is down by -28.2% against the previous year. Overall, the export price faced a dramatic decline. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020, and then declined remarkably in the following year.

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

From 2020 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Glass Electrical Insulator Imports

Imports into Nigeria

In 2021, purchases abroad of glass electrical insulators increased by 5.1% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 751%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, glass electrical insulator imports expanded significantly to $X in 2021. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 970%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main glass electrical insulator supplier to Nigeria, accounting for a 97% share of total imports. It was followed by Turkey (X units), with a 0.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +55.1%.

In value terms, China ($X) constituted the largest supplier of glass electrical insulators to Nigeria, comprising 91% of total imports. The second position in the ranking was held by Turkey ($X), with a 0.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +49.3%.

Import Prices by Country

The average glass electrical insulator import price stood at $X per unit in 2021, with an increase of 7.7% against the previous year. In general, the import price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of 84% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass electrical insulators in the world?

The countries with the highest volumes of in 2021 were Brazil, Algeria and Italy, together accounting for 39% of global consumption. Indonesia, the United States, Vietnam, Canada, Malaysia, Turkey, China, Iraq, France and Portugal lagged somewhat behind, together comprising a further 31%.

What are the largest producers of glass electrical insulators in the world?

The countries with the highest volumes of in 2021 were China, Italy and Spain, with a combined 77% share of global production. Russia and Ukraine lagged somewhat behind, together accounting for a further 21%.

What are the leading suppliers of glass electrical insulators to Nigeria?

In value terms, China constituted the largest supplier of glass electrical insulator to Nigeria, comprising 77% of total imports. The second position in the ranking was occupied by the United States, with a 13% share of total imports.

What is the average import price for glass electrical insulators in Nigeria?

In 2021, the average glass electrical insulator import price amounted to $1.9 per unit, rising by 13% against the previous year.

This report provides an in-depth analysis of the glass electrical insulator 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 23192500 - Glass electrical insulators (excluding insulating fittings (other than insulators) for electrical machinery, appliances or equipment)

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