Report Update Nov 1, 2024

Nigeria - Industrial Robots for Multiple Uses - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Industrial Robot Market 2024

Industrial Robot Market Size in Nigeria

After two years of growth, the Nigerien industrial robot market decreased by -12.7% to $X in 2021. Over the period under review, consumption, however, showed a prominent expansion. Industrial robot consumption peaked at $X in 2020, and then contracted in the following year.

Industrial Robot Production in Nigeria

In value terms, industrial robot production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2016 when the production volume increased by 107%. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Industrial Robot Exports

Exports from Nigeria

In 2015, the amount of industrial robots for multiple uses exported from Nigeria totaled X units, stabilizing at 2014. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum in 2015 and are expected to retain growth in years to come.

In value terms, industrial robot exports stood at $X in 2015. Over the period under review, exports showed a relatively flat trend pattern. The exports peaked in 2015 and are expected to retain growth in the near future.

Exports by Country

The Netherlands (X units) was the main destination for industrial robot exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2015 to 2015, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

From 2015 to 2015, the average annual growth rate of value to the Netherlands was relatively modest.

Industrial Robot Imports

Imports into Nigeria

In 2021, purchases abroad of industrial robots for multiple uses decreased by -1.1% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, posted noticeable growth. The most prominent rate of growth was recorded in 2019 with an increase of 271%. Over the period under review, imports reached the peak figure at X units in 2020, and then fell in the following year.

In value terms, industrial robot imports dropped to $X in 2021. Overall, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 657% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Austria (X units) were the main suppliers of industrial robot imports to Nigeria, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +295.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of industrial robots for multiple uses to Nigeria, comprising 57% of total imports. The second position in the ranking was held by China ($X), with a 24% share of total imports. It was followed by India, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +287.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.6% per year) and India (+53.8% per year).

Import Prices by Country

The average industrial robot import price stood at $X per unit in 2021, with a decrease of -6% against the previous year. In general, the import price recorded a abrupt decrease. The growth pace was the most rapid in 2020 an increase of 268% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices stood 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 the UK ($X per unit), while the price for Spain ($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 (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial robots for multiple uses in the world?

The countries with the highest volumes of industrial robot consumption in 2020 were China, United States and Japan, together accounting for 47% of global consumption. France, Hong Kong SAR, Ethiopia, the UK, Italy, South Korea, Canada, India and Spain lagged somewhat behind, together comprising a further 20%.

What are the largest producers of industrial robots for multiple uses in the world?

The countries with the highest volumes of industrial robot production in 2020 were China, Japan and Germany, together accounting for 63% of global production.

What are the leading suppliers of industrial robots for multiple uses to Nigeria?

In value terms, China constituted the largest supplier of industrial robot to Nigeria.

What is the average export price for industrial robots for multiple uses in Nigeria?

The average industrial robot export price stood at $17,636 per unit in 2015, stabilizing at the previous year.

What is the average import price for industrial robots for multiple uses in Nigeria?

The average industrial robot import price stood at $24,403 per unit in 2020, shrinking by -18.2% against the previous year.

This report provides an in-depth analysis of the industrial robot 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 28993935 - Industrial robots for multiple uses (excluding robots designed to perform a specific function (e.g. lifting, handling, loading or unloading))

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