Report Update Nov 1, 2024

Nigeria - Hydraulic or Pneumatic Automatic Regulating Instruments - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Hydraulic Automatic Regulators Market 2024

Hydraulic Automatic Regulators Market Size in Nigeria

The Nigerien hydraulic automatic regulators market surged to $X in 2021, with an increase of 760% 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). Overall, consumption posted a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hydraulic Automatic Regulators Exports

Exports from Nigeria

In 2021, approx. X units of hydraulic or pneumatic automatic regulating instruments were exported from Nigeria; with an increase of 126% compared with the previous year's figure. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 657% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, hydraulic automatic regulators exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a deep reduction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), Cote d'Ivoire (X units) and Finland (X units) were the main destinations of hydraulic automatic regulators exports from Nigeria, together accounting for 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +63.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydraulic automatic regulators exported from Nigeria were Cote d'Ivoire ($X), the Netherlands ($X) and Finland ($X).

The Netherlands, with a CAGR of +67.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hydraulic automatic regulators export price stood at $X per unit in 2021, growing by 36% against the previous year. Over the period under review, the export price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of 479%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Finland ($X per unit), while the average price for exports to the Netherlands ($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 (+2.5%), while the prices for the other major destinations experienced a decline.

Hydraulic Automatic Regulators Imports

Imports into Nigeria

In 2021, approx. X units of hydraulic or pneumatic automatic regulating instruments were imported into Nigeria; with an increase of 877% against the previous year. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydraulic automatic regulators imports surged to $X in 2021. Over the period under review, imports saw a resilient increase. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X units) constituted the largest hydraulic automatic regulators supplier to Nigeria, accounting for a 79% share of total imports. Moreover, hydraulic automatic regulators imports from India exceeded the figures recorded by the second-largest supplier, China (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +93.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+94.0% per year) and the UK (-23.7% per year).

In value terms, India ($X) constituted the largest supplier of hydraulic or pneumatic automatic regulating instruments to Nigeria, comprising 64% of total imports. The second position in the ranking was held by China ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual growth rate of value from India totaled +50.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+65.6% per year) and the UK (-33.2% per year).

Import Prices by Country

In 2021, the average hydraulic automatic regulators import price amounted to $X per unit, with a decrease of -71% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The growth pace was the most rapid in 2014 an increase of 44% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-12.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hydraulic or pneumatic automatic regulating instruments in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 44% of global consumption. Indonesia, Russia, Japan, Italy, France, Spain, Turkey, Mexico and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 29%.

What are the largest producers of hydraulic or pneumatic automatic regulating instruments in the world?

The countries with the highest volumes of in 2021 were Germany, China and the United States, with a combined 55% share of global production. France, India, Russia, Japan, Mexico and South Korea lagged somewhat behind, together accounting for a further 26%.

What are the leading suppliers of hydraulic or pneumatic automatic regulating instruments to Nigeria?

In value terms, the largest hydraulic automatic regulators suppliers to Nigeria were India, the United States and Norway, with a combined 64% share of total imports.

What are the leading importers of hydraulic or pneumatic automatic regulating instruments from Nigeria?

In value terms, Cote d'Ivoire remains the key foreign market for hydraulic automatic regulators exports from Nigeria, comprising 42% of total exports. The second position in the ranking was occupied by the UK, with a 19% share of total exports. It was followed by the Netherlands, with an 18% share.

What is the average export price for hydraulic or pneumatic automatic regulating instruments in Nigeria?

The average hydraulic automatic regulators export price stood at $5.4 per unit in 2021, with a decrease of -7.8% against the previous year.

What is the average import price for hydraulic or pneumatic automatic regulating instruments in Nigeria?

In 2021, the average hydraulic automatic regulators import price amounted to $1.1 per unit, reducing by -27.4% against the previous year.

This report provides an in-depth analysis of the hydraulic automatic regulators 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 26516500 - Hydraulic or pneumatic automatic regulating or controlling instruments and apparatus

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