Nigeria: Prefabricated Buildings Market 2025

Prefabricated Buildings Market Size in Nigeria

The Nigerien prefabricated buildings market amounted to $X in 2022, surging by 9.9% 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). Overall, consumption, however, saw a abrupt contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Prefabricated Buildings Exports

Exports from Nigeria

In 2022, shipments abroad of prefabricated buildings was finally on the rise to reach X units after three years of decline. Over the period under review, exports, however, faced a sharp decrease. The growth pace was the most rapid in 2018 when exports increased by 786% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, prefabricated buildings exports soared to $X in 2022. In general, exports, however, recorded a dramatic slump. The growth pace was the most rapid in 2018 with an increase of 636% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Sudan (X units), Burkina Faso (X units) and Cameroon (X units) were the main destinations of prefabricated buildings exports from Nigeria, together accounting for 82% of total exports. The UK, South Africa, Congo and Ghana lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Burkina Faso ($X) remains the key foreign market for prefabricated buildings exports from Nigeria, comprising 60% of total exports. The second position in the ranking was held by Sudan ($X), with an 11% share of total exports. It was followed by the UK, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to Burkina Faso totaled +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (-46.1% per year) and the UK (-31.4% per year).

Export Prices by Country

The average prefabricated buildings export price stood at $X per unit in 2022, growing by 27% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 64%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Cameroon ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Prefabricated Buildings Imports

Imports into Nigeria

In 2022, approx. X units of prefabricated buildings were imported into Nigeria; approximately reflecting 2021. Overall, imports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 69%. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, prefabricated buildings imports skyrocketed to $X in 2022. In general, imports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of 147%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest prefabricated buildings supplier to Nigeria, with a 27% share of total imports. Moreover, prefabricated buildings imports from China exceeded the figures recorded by the second-largest supplier, Egypt (X units), threefold. The third position in this ranking was held by the United Arab Emirates (X units), with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+12.8% per year) and the United Arab Emirates (-6.6% per year).

In value terms, China ($X), Croatia ($X) and India ($X) appeared to be the largest prefabricated buildings suppliers to Nigeria, with a combined 43% share of total imports. The United Arab Emirates, Egypt, Israel, Turkey, South Africa, Italy, Austria, Kuwait, Germany and France lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, Austria, with a CAGR of +20.8%, 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 more modest paces of growth.

Import Prices by Country

The average prefabricated buildings import price stood at $X per unit in 2022, picking up by 16% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prefabricated buildings import price increased by +89.2% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 97% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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