Nigeria: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Nigeria

The Nigerien market for liquid or compressed air and distilled or conductivity water contracted notably to $X in 2021, declining by -39.3% 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). In general, consumption saw a abrupt decrease. Liquid air and distilled water consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Nigeria

In 2021, after two years of decline, there was significant growth in shipments abroad of liquid or compressed air and distilled or conductivity water, when their volume increased by 3,051% to X tons. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, liquid air and distilled water exports surged to $X in 2021. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X kg), Senegal (X kg) and Sao Tome and Principe (X kg) were the main destinations of liquid air and distilled water exports from Nigeria, with a combined 95% share of total exports. These countries were followed by Germany, which accounted for a further 3.9%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +10.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for liquid or compressed air and distilled or conductivity water exports from Nigeria, comprising 62% of total exports. The second position in the ranking was taken by Germany ($X), with a 20% share of total exports. It was followed by Sao Tome and Principe, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+46.7% per year) and Sao Tome and Principe (+21.8% per year).

Export Prices by Country

In 2021, the average export price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, which is down by -69% against the previous year. Over the period under review, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2017 an increase of 94% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+32.7%).

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Nigeria

In 2021, liquid air and distilled water imports into Nigeria dropped rapidly to X tons, reducing by -46.2% against the previous year. Overall, imports showed a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 897%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, liquid air and distilled water imports dropped to $X in 2021. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 548% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons), Israel (X tons) and the Netherlands (X kg) were the main suppliers of liquid air and distilled water imports to Nigeria, together comprising 94% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +29.7%), while purchases for the other leaders experienced a decline.

In value terms, India ($X) constituted the largest supplier of liquid or compressed air and distilled or conductivity water to Nigeria, comprising 63% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 5.1% share of total imports. It was followed by Israel, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+4.1% per year) and Israel (-27.3% per year).

Import Prices by Country

The average import price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, picking up by 76% against the previous year. Over the period under review, the import price recorded resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 333%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+21.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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