Nigeria: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2025

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Nigeria

In 2021, the Nigerien market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by -12.5% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, continues to indicate a significant expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from Nigeria

Exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Nigeria surged to X units in 2021, rising by 779% on 2020 figures. Overall, exports, however, continue to indicate a sharp decline. Over the period under review, the exports of attained the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps skyrocketed to $X in 2021. In general, exports, however, faced a precipitous setback. The pace of growth was the most pronounced in 2019 with an increase of 263% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X units), the Netherlands (X units) and Angola (X units) were the main destinations of exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Nigeria.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +97.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hydraulic pump (gear or vane) and other rotary positive displacement pump exported from Nigeria were the Netherlands ($X), Cote d'Ivoire ($X) and the UK ($X), with a combined 60% share of total exports. Angola and Benin lagged somewhat behind, together comprising a further 4.9%.

Among the main countries of destination, Angola, with a CAGR of +136.8%, 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

The average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2021, reducing by -66.3% against the previous year. Over the period under review, the export price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 92% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Angola ($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 Benin (+212.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into Nigeria

In 2021, overseas purchases of hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by -12.4% to X units, falling for the second year in a row after three years of growth. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2019 when imports increased by 267% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps totaled $X in 2021. Overall, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2019 when imports increased by 256% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of hydraulic pump (gear or vane) and other rotary positive displacement pump to Nigeria, accounting for a 1,084% share of total imports. Moreover, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +56.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+62.8% per year) and Germany (+34.2% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic pumps (gear or vane) and other rotary positive displacement pumps to Nigeria, comprising 70% of total imports. The second position in the ranking was held by India ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +55.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+62.3% per year) and Germany (+18.7% per year).

Import Prices by Country

In 2021, the average import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, with an increase of 18% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 109% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform