Report Update Nov 1, 2024

Nigeria - Machines for Electroplating, Electrolysis or Electrophoresis - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Electroplating Machine Market 2024

Electroplating Machine Market Size in Nigeria

In 2021, the Nigerien electroplating machine market increased by 673% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a abrupt curtailment. Electroplating machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electroplating Machine Exports

Exports from Nigeria

In 2021, after two years of decline, there was significant growth in shipments abroad of machines for electroplating, electrolysis or electrophoresis, when their volume increased by 243% to X units. Overall, exports, however, continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2018 when exports increased by 1,250% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electroplating machine exports soared to $X in 2021. In general, exports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by 751%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units) was the main destination for electroplating machine exports from Nigeria, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cote d'Ivoire totaled +25.1%.

In value terms, Cote d'Ivoire ($X) also remains the key foreign market for electroplating machine exports from Nigeria.

From 2012 to 2021, the average annual growth rate of value to Cote d'Ivoire stood at +81.9%.

Export Prices by Country

The average electroplating machine export price stood at $X per unit in 2021, surging by 5.7% against the previous year. Overall, the export price recorded a significant increase. The growth pace was the most rapid in 2013 an increase of 304% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2021, the rate of growth in terms of prices for Ghana amounted to +1,795.0% per year.

Electroplating Machine Imports

Imports into Nigeria

In 2021, supplies from abroad of machines for electroplating, electrolysis or electrophoresis increased by 689% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports, however, showed a abrupt shrinkage. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, electroplating machine imports surged to $X in 2021. In general, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and the UK (X units) were the main suppliers of electroplating machine imports to Nigeria, together comprising 95% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +125.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), the UK ($X) and China ($X) appeared to be the largest electroplating machine suppliers to Nigeria, with a combined 81% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +92.9%, recorded the highest rates of growth with regard to 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 electroplating machine import price stood at $X per unit in 2021, with a decrease of -10.4% against the previous year. Overall, the import price, however, saw resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 394%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+19.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machines for electroplating, electrolysis or electrophoresis in the world?

The countries with the highest volumes of in 2021 were Indonesia, South Africa and Estonia, together comprising 39% of global consumption. The United States, Japan, Thailand, Somalia, Taiwan Chinese), Malaysia, Myanmar, South Korea, Vietnam and France lagged somewhat behind, together comprising a further 42%.

What are the largest producers of machines for electroplating, electrolysis or electrophoresis in the world?

China remains the largest electroplating machine producing country worldwide, accounting for 29% of total volume. Moreover, electroplating machine production in China exceeded the figures recorded by the second-largest producer, Estonia, twofold. The third position in this ranking was occupied by Japan, with an 11% share.

What are the leading suppliers of machines for electroplating, electrolysis or electrophoresis to Nigeria?

In value terms, the largest electroplating machine suppliers to Nigeria were France, Germany and China, with a combined 69% share of total imports.

What are the leading importers of machines for electroplating, electrolysis or electrophoresis from Nigeria?

In value terms, Cote d'Ivoire remains the key foreign market for electroplating machine exports from Nigeria.

What is the average export price for machines for electroplating, electrolysis or electrophoresis in Nigeria?

The average electroplating machine export price stood at $25 per unit in 2021, declining by -3.5% against the previous year.

What is the average import price for machines for electroplating, electrolysis or electrophoresis in Nigeria?

The average electroplating machine import price stood at $33 per unit in 2021, rising by 8.2% against the previous year.

This report provides an in-depth analysis of the electroplating machine 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 28491283 - Machines and apparatus for electroplating, electrolysis or electrophoresis

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023