Report Nigeria - Industrial Machinery for the Manufacture or Preparation of Confectionery, Cocoa or Chocolate - Market Analysis, Forecast, Size, Trends and Insights for 499$

Report Update Nov 1, 2024

Nigeria - Industrial Machinery for the Manufacture or Preparation of Confectionery, Cocoa or Chocolate - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Exports

Exports from Nigeria

In 2022, shipments abroad of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate decreased by -1.8% to X units, falling for the second consecutive year after five years of growth. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 167%. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, confectionery-making industrial machinery exports contracted modestly to $X in 2022. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 139% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell slightly in the following year.

Exports by Country

Germany (X units) was the main destination for confectionery-making industrial machinery exports from Nigeria, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +34.0%.

In value terms, Germany ($X) also remains the key foreign market for industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate exports from Nigeria.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +40.8%.

Export Prices by Country

In 2022, the average confectionery-making industrial machinery export price amounted to $X per unit, stabilizing at the previous year. Over the period under review, the export price, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 66% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +4.3% per year.

Confectionery-Making Industrial Machinery Imports

Imports into Nigeria

In 2022, confectionery-making industrial machinery imports into Nigeria skyrocketed to X units, rising by 33% on 2021 figures. Overall, imports recorded a prominent increase. The growth pace was the most rapid in 2018 with an increase of 206% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, confectionery-making industrial machinery imports expanded modestly to $X in 2022. Over the period under review, imports saw a buoyant increase. The growth pace was the most rapid in 2018 when imports increased by 179%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X units), Lebanon (X units) and Greece (X units) were the main suppliers of confectionery-making industrial machinery imports to Nigeria, together accounting for 55% of total imports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +63.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest confectionery-making industrial machinery suppliers to Nigeria were Italy ($X), Lebanon ($X) and Greece ($X), together accounting for 54% of total imports.

Lebanon, with a CAGR of +50.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average confectionery-making industrial machinery import price stood at $X per unit in 2022, falling by -22% against the previous year. In general, the import price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2015 when the average import price increased by 11% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 35% share of global consumption. Russia, Brazil, Germany, the Netherlands, Japan, Italy, the UK, Iran, Ghana and France lagged somewhat behind, together comprising a further 26%.

What are the largest producers of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate in the world?

China constituted the country with the largest volume of confectionery-making industrial machinery production, accounting for 25% of total volume. Moreover, confectionery-making industrial machinery production in China exceeded the figures recorded by the second-largest producer, Germany, twofold. The third position in this ranking was occupied by India, with a 7.2% share.

What are the leading suppliers of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate to Nigeria?

In value terms, China constituted the largest supplier of confectionery-making industrial machinery to Nigeria, comprising 49% of total imports. The second position in the ranking was occupied by the UK, with a 16% share of total imports. It was followed by Germany, with an 8.8% share.

What are the leading importers of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate from Nigeria?

In value terms, Germany remains the key foreign market for confectionery-making industrial machinery exports from Nigeria.

What is the average export price for industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate in Nigeria?

The average confectionery-making industrial machinery export price stood at $1,101 per unit in 2021, growing by 11% against the previous year.

What is the average import price for industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate in Nigeria?

The average confectionery-making industrial machinery import price stood at $1,352 per unit in 2021, growing by 15% against the previous year.

This report provides an in-depth analysis of the confectionery-making industrial machinery 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 28931720 - Industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate

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