Nigeria: Market for Instruments for Measuring Electrical Quantities 2025

Market Size for Instruments for Measuring Electrical Quantities in Nigeria

The Nigerien market for instruments for measuring electrical quantities surged to $X in 2021, picking up by 500% 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 enjoyed a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Instruments for Measuring Electrical Quantities

Exports from Nigeria

In 2021, exports of instruments for measuring electrical quantities from Nigeria skyrocketed to X units, with an increase of 605% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a perceptible shrinkage. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, instruments for measuring electrical quantities exports skyrocketed to $X in 2021. Overall, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units), Cote d'Ivoire (X units) and Turkey (X units) were the main destinations of instruments for measuring electrical quantities exports from Nigeria, together comprising 67% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +50.1%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for instruments for measuring electrical quantities exports from Nigeria, comprising 51% of total exports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total exports. It was followed by Cote d'Ivoire, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +40.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and Cote d'Ivoire (-2.6% per year).

Export Prices by Country

In 2021, the average export price for instruments for measuring electrical quantities amounted to $X per unit, which is down by -18.4% against the previous year. In general, the export price, however, showed strong growth. The growth pace was the most rapid in 2016 an increase of 69% against the previous year. The export price peaked at $X per unit in 2020, and then fell significantly in the following year.

Prices varied noticeably country of destination: the country with the highest price was France ($X per unit), while the average price for exports to the United Arab Emirates ($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 United States (+95.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports into Nigeria

In 2021, the amount of instruments for measuring electrical quantities imported into Nigeria skyrocketed to X units, with an increase of 513% compared with the year before. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, instruments for measuring electrical quantities imports surged to $X in 2021. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units) and Egypt (X units) were the main suppliers of instruments for measuring electrical quantities imports to Nigeria.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +66.8%).

In value terms, China ($X) constituted the largest supplier of instruments for measuring electrical quantities to Nigeria, comprising 96% of total imports. The second position in the ranking was taken by Egypt ($X), with a 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +36.2%.

Import Prices by Country

The average import price for instruments for measuring electrical quantities stood at $X per unit in 2021, shrinking by -38.7% against the previous year. Overall, the import price showed a precipitous curtailment. The pace of growth appeared the most rapid in 2013 when the average import price increased by 48%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average 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 Egypt stood at less than $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-18.3%).

Source: IndexBox Platform

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