Nigeria: Laser Market 2025

Laser Market Size in Nigeria

The Nigerien laser market skyrocketed to $X in 2021, growing by 1,857% 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). Over the period under review, consumption showed a significant expansion. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Laser Exports

Exports from Nigeria

After three years of decline, shipments abroad of lasers, other than laser diodes increased by 17% to X units in 2021. Overall, exports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 1,191% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, laser exports soared to $X in 2021. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 2,643% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X units), France (X units) and Cote d'Ivoire (X units) were the main destinations of laser exports from Nigeria, with a combined 100% share 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 +35.0%), while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) remains the key foreign market for laser exports from Nigeria, comprising 25% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 3.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +27.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+20.7% per year) and France (+2.1% per year).

Export Prices by Country

In 2021, the average laser export price amounted to $X per unit, surging by 32% against the previous year. In general, the export price posted a significant increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 420% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to France ($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 (+482.4%), while the prices for the other major destinations experienced more modest paces of growth.

Laser Imports

Imports into Nigeria

In 2021, approx. X units of lasers, other than laser diodes were imported into Nigeria; rising by 1,847% against the year before. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 3,340%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, laser imports surged to $X in 2021. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 2,193% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main laser supplier to Nigeria, accounting for a 94% share of total imports. It was followed by Malaysia (X units), with a 2.8% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +72.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-7.6% per year) and the UK (+78.7% per year).

In value terms, China ($X), the UK ($X) and Malaysia ($X) appeared to be the largest laser suppliers to Nigeria, together accounting for 66% of total imports.

In terms of the main suppliers, China, with a CAGR of +89.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average laser import price stood at $X per unit in 2021, declining by -92.6% against the previous year. In general, the import price showed a precipitous slump. The most prominent rate of growth was recorded in 2019 an increase of 2,513%. The import price peaked at $X per unit in 2016; however, from 2017 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, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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