Nigeria: Liquid Supply Meter Market 2025

Liquid Supply Meter Market Size in Nigeria

The Nigerien liquid supply meter market soared to $X in 2021, increasing by 120% 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 recorded a significant expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Liquid Supply Meter Exports

Exports from Nigeria

In 2021, overseas shipments of liquid supply or production meters increased by 38% to X units, rising for the third year in a row after two years of decline. Overall, exports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 330%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, liquid supply meter exports soared to $X in 2021. In general, exports, however, continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 309% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X units), Cote d'Ivoire (X units) and the United States (X units) were the main destinations of liquid supply meter exports from Nigeria, with a combined 77% 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 the United States (with a CAGR of +50.0%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for liquid supply or production meters exports from Nigeria, comprising 58% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 17% share of total exports. It was followed by Greece, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +128.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+3.3% per year) and Greece (+5.8% per year).

Export Prices by Country

The average liquid supply meter export price stood at $X per unit in 2021, with an increase of 14% against the previous year. In general, the export price showed resilient growth. The pace of growth was the most pronounced in 2015 an increase of 242%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Niger ($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 (+59.6%), while the prices for the other major destinations experienced more modest paces of growth.

Liquid Supply Meter Imports

Imports into Nigeria

In 2021, imports of liquid supply or production meters into Nigeria skyrocketed to X units, increasing by 120% on the previous year. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 659%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, liquid supply meter imports surged to $X in 2021. Over the period under review, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 328% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest liquid supply meter supplier to Nigeria, with a 78% share of total imports. Moreover, liquid supply meter imports from China exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a 0.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +93.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+68.6% per year) and the United States (+2.0% per year).

In value terms, the United States ($X), China ($X) and France ($X) were the largest liquid supply meter suppliers to Nigeria, with a combined 22% share of total imports.

China, with a CAGR of +43.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average liquid supply meter import price amounted to $X per unit, waning by -9.9% against the previous year. In general, the import price faced a precipitous decrease. The growth pace was the most rapid in 2016 when the average import price increased by 82%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a 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 United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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