Nigeria: Non-Domestic Dryer Market 2025

Non-Domestic Dryer Market Size in Nigeria

In 2021, after three years of growth, there was significant decline in the Nigerien non-domestic dryer market, when its value decreased by -30.7% to $X. In general, consumption, however, recorded a resilient expansion. Non-domestic dryer consumption peaked at $X in 2020, and then fell remarkably in the following year.

Non-Domestic Dryer Exports

Exports from Nigeria

In 2021, the amount of non-domestic dryers exported from Nigeria reduced to X units, dropping by -8% on 2020. Over the period under review, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 with an increase of 47% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-domestic dryer exports reached $X in 2021. Overall, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +92.2% against 2012 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 22% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Cote d'Ivoire (X units) was the main destination for non-domestic dryer exports from Nigeria, with a 68% share of total exports. Moreover, non-domestic dryer exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Benin (X units), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cote d'Ivoire totaled +66.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+7.7% per year) and Ghana (-27.1% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for non-domestic dryers exports from Nigeria, comprising 84% of total exports. The second position in the ranking was taken by Ghana ($X), with a 9.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Cote d'Ivoire amounted to +62.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-4.5% per year) and Benin (+21.7% per year).

Export Prices by Country

In 2021, the average non-domestic dryer export price amounted to $X per unit, growing by 10% against the previous year. Overall, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of 109% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit 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 Ghana ($X per unit), while the average price for exports to Benin ($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 Ghana (+31.0%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Domestic Dryer Imports

Imports into Nigeria

After three years of growth, supplies from abroad of non-domestic dryers decreased by -29.4% to X units in 2021. Overall, imports, however, posted a resilient increase. The growth pace was the most rapid in 2018 when imports increased by 498%. Imports peaked at X units in 2020, and then reduced dramatically in the following year.

In value terms, non-domestic dryer imports contracted rapidly to $X in 2021. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by 271% against the previous year. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2021, China (X units) was the main supplier of non-domestic dryer to Nigeria, accounting for a 95% share of total imports. It was followed by the United States (X units), with a 1.5% share of total imports. The third position in this ranking was held by Switzerland (X units), with a 1.1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +28.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.5% per year) and Switzerland (-19.5% per year).

In value terms, China ($X) constituted the largest supplier of non-domestic dryers to Nigeria, comprising 71% of total imports. The second position in the ranking was held by Switzerland ($X), with a 13% share of total imports. It was followed by the United States, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +38.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-7.1% per year) and the United States (+7.7% per year).

Import Prices by Country

In 2021, the average non-domestic dryer import price amounted to $X per unit, which is down by -5% against the previous year. Over the period under review, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 43% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 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 Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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