Nigeria: Helicopter Market 2022

Helicopter Market Size in Nigeria

The Nigerien helicopter market totaled $X in 2019, almost unchanged from the previous year. Overall, consumption enjoyed prominent growth. Helicopter consumption peaked at $X in 2015; afterwards, it flattened through to 2019.

Helicopter Production in Nigeria

In value terms, helicopter production skyrocketed to $X in 2020 estimated in export prices. In general, production saw a remarkable increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Helicopter Exports

Exports from Nigeria

In 2020, exports of helicopters from Nigeria surged to X units, picking up by X% against the previous year's figure. Over the period under review, exports posted buoyant growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, helicopter exports soared to $X in 2020. In general, exports enjoyed a resilient increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X units) was the main destination for helicopter exports from Nigeria, with a X% share of total exports. Moreover, helicopter exports to Portugal exceeded the volume sent to the second major destination, Ghana (X units), threefold. The third position in this ranking was occupied by the United States (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Portugal amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+X% per year) and the United States (-X% per year).

In value terms, the United States ($X) remains the key foreign market for helicopter exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by Ghana ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+X% per year) and the UK (-X% per year).

Export Prices by Country

The average helicopter export price stood at $X per unit in 2020, jumping by X% against the previous year. In general, the export price, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the United States ($X per unit), while the average price for exports to Portugal ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X% per year), while the prices for the other major destinations experienced a decline.

Helicopter Imports

Imports into Nigeria

In 2020, the amount of helicopters imported into Nigeria contracted sharply to X units, which is down by -X% on the previous year. Over the period under review, imports, however, showed a moderate expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, helicopter imports plummeted to $X in 2020. Overall, imports, however, saw a deep slump. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

The United States (X units), France (X units) and Italy (X units) were the main suppliers of helicopter imports to Nigeria, together accounting for X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France, while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of helicopter to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by the United States ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Italy stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2020, the average helicopter import price amounted to $X per unit, reducing by -X% against the previous year. Overall, the import price showed a abrupt contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK (+X% per year), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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