Report Update Jan 1, 2025

Nigeria - Electrical Insulating Fittings of Plastics - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Electrical Insulating Fittings Market 2025

Electrical Insulating Fittings Market Size in Nigeria

In 2022, the Nigerien electrical insulating fittings market increased by 140% to $X, rising for the fifth consecutive year after five years of decline. In general, consumption continues to indicate a significant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Electrical Insulating Fittings Exports

Exports from Nigeria

In 2022, approx. X kg of electrical insulating fittings of plastics were exported from Nigeria; leveling off at the previous year's figure. Over the period under review, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2016 when exports increased by 327% against the previous year. The exports peaked at X kg in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical insulating fittings exports reduced to $X in 2022. Overall, exports showed a significant decline. The growth pace was the most rapid in 2016 when exports increased by 490%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X kg) and Ghana (X kg) were the main destinations of electrical insulating fittings exports from Nigeria. Moreover, electrical insulating fittings exports in Cote d'Ivoire exceeded the figures recorded by the second-largest exporter, Ghana, twofold.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of -15.7%).

In value terms, the largest markets for electrical insulating fittings exported from Nigeria were Cote d'Ivoire ($X) and Ghana ($X).

Ghana, with a CAGR of -8.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average electrical insulating fittings export price amounted to $X per ton, almost unchanged from the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2019 an increase of 136%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Cote d'Ivoire stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+11.7%).

Electrical Insulating Fittings Imports

Imports into Nigeria

In 2022, purchases abroad of electrical insulating fittings of plastics increased by 125% to X tons, rising for the fifth consecutive year after five years of decline. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 199% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, electrical insulating fittings imports soared to $X in 2022. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main electrical insulating fittings supplier to Nigeria, accounting for a approx. 96% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +21.5%.

In value terms, China ($X) constituted the largest supplier of electrical insulating fittings of plastics to Nigeria.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +27.4%.

Import Prices by Country

The average electrical insulating fittings import price stood at $X per ton in 2022, with an increase of 49% against the previous year. Over the period under review, the import price posted temperate growth. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +4.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electrical insulating fittings of plastics in the world?

The countries with the highest volumes of in 2021 were China, Brazil and Mexico, with a combined 44% share of global consumption. India, the United States, Japan, Turkey, Nigeria, Italy, South Korea and Germany lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of electrical insulating fittings of plastics in the world?

The countries with the highest volumes of in 2021 were China, Brazil and Mexico, with a combined 43% share of global production. These countries were followed by the United States, India, Japan, Germany, Nigeria, South Korea, Turkey, Italy, France and Thailand, which together accounted for a further 43%.

What are the leading importers of electrical insulating fittings of plastics from Nigeria?

In value terms, Cote d'Ivoire $105) remains the key foreign market for electrical insulating fittings exports from Nigeria, comprising 69% of total exports. The second position in the ranking was occupied by Ghana $47), with a 31% share of total exports.

What is the average export price for electrical insulating fittings of plastics in Nigeria?

In 2021, the average electrical insulating fittings export price amounted to $15,200 per ton, growing by 8.4% against the previous year.

This report provides an in-depth analysis of the electrical insulating fittings 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 27331430 - Insulating fittings of plastic, for electrical machines, a ppliances or equipment (excluding electrical insulators)

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024