Nigeria: Motor Vehicle Engine Market 2025

Motor Vehicle Engine Market Size in Nigeria

In 2021, the Nigerien motor vehicle engine market decreased by -49.5% to $X, falling for the second year in a row after two years of growth. In general, consumption saw a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Motor Vehicle Engine Exports

Exports from Nigeria

In 2021, approx. X tons of motor vehicle engines (spark-ignition) were exported from Nigeria; dropping by -23.8% on 2020. In general, exports saw a abrupt contraction. The growth pace was the most rapid in 2015 when exports increased by 52% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, motor vehicle engine exports dropped sharply to $X in 2021. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 404% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Niger (X tons), Angola (X tons) and Burkina Faso (X tons) were the main destinations of motor vehicle engine exports from Nigeria, with a combined 77% share of total exports. These countries were followed by Cote d'Ivoire, Benin, Sao Tome and Principe, China, Congo and Democratic Republic of the Congo, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sao Tome and Principe (with a CAGR of +51.9%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) emerged as the key foreign market for motor vehicle engines (spark-ignition) exports from Nigeria, comprising 40% of total exports. The second position in the ranking was held by Angola ($X), with an 18% share of total exports. It was followed by Niger, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to Cote d'Ivoire totaled +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+4.6% per year) and Niger (+1.5% per year).

Export Prices by Country

The average motor vehicle engine export price stood at $X per ton in 2021, reducing by -40.7% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 278% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to China ($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 Gambia (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Engine Imports

Imports into Nigeria

In 2021, overseas purchases of motor vehicle engines (spark-ignition) decreased by -46.1% to X tons, falling for the second consecutive year after two years of growth. In general, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 3,495% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, motor vehicle engine imports declined dramatically to $X in 2021. Over the period under review, imports showed a dramatic downturn. The pace of growth appeared the most rapid in 2016 with an increase of 2,203% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of motor vehicle engine to Nigeria, with a 37% share of total imports. Moreover, motor vehicle engine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.8% per year) and Taiwan (Chinese) (+16.6% per year).

In value terms, Taiwan (Chinese) ($X), China ($X) and Germany ($X) appeared to be the largest motor vehicle engine suppliers to Nigeria, together comprising 52% of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +9.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average motor vehicle engine import price amounted to $X per ton, which is down by -22.7% against the previous year. Over the period under review, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 59%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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