Report Update Nov 1, 2024

Nigeria - Rotary Converters - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Nigeria: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Nigeria

In 2021, the Nigerien electric rotary converter market was finally on the rise to reach $X after two years of decline. In general, consumption enjoyed a significant expansion. Electric rotary converter consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Electric Rotary Converter Exports

Exports from Nigeria

In 2021, shipments abroad of electric rotary converters increased by 42% to X units, rising for the third year in a row after two years of decline. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 1,125%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, electric rotary converter exports declined rapidly to $X in 2021. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 3,920%. The exports peaked at $X in 2020, and then reduced markedly in the following year.

Exports by Country

Niger (X units) was the main destination for electric rotary converter exports from Nigeria, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Niger totaled +48.1%.

In value terms, Niger ($X) emerged as the key foreign market for electric rotary converters exports from Nigeria.

From 2012 to 2021, the average annual rate of growth in terms of value to Niger totaled +52.4%.

Export Prices by Country

The average electric rotary converter export price stood at $X per unit in 2021, dropping by -44.2% against the previous year. Overall, the export price showed a perceptible curtailment. The growth pace was the most rapid in 2017 an increase of 138% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2012 to 2021, the rate of growth in terms of prices for Denmark amounted to +40.3% per year.

Electric Rotary Converter Imports

Imports into Nigeria

In 2021, overseas purchases of electric rotary converters increased by 18% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 2,923% against the previous year. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, electric rotary converter imports skyrocketed to $X in 2021. Over the period under review, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 2,489%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of electric rotary converter to Nigeria, with a 91% share of total imports. Moreover, electric rotary converter imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +36.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+48.9% per year) and Malaysia (-12.5% per year).

In value terms, China ($X) constituted the largest supplier of electric rotary converters to Nigeria, comprising 76% of total imports. The second position in the ranking was held by Germany ($X), with a 6.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +36.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+33.0% per year) and Malaysia (-11.1% per year).

Import Prices by Country

The average electric rotary converter import price stood at $X per unit in 2021, surging by 3.5% against the previous year. In general, the import price, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2019 an increase of 30%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric rotary converters in the world?

The United States remains the largest electric rotary converter consuming country worldwide, comprising approx. 39% of total volume. Moreover, electric rotary converter consumption in the United States exceeded the figures recorded by the second-largest consumer, Mozambique, fourfold. The third position in this ranking was occupied by the Netherlands, with an 8.2% share.

What are the largest producers of electric rotary converters in the world?

Germany remains the largest electric rotary converter producing country worldwide, accounting for 38% of total volume. Moreover, electric rotary converter production in Germany exceeded the figures recorded by the second-largest producer, Hong Kong SAR, twofold. The third position in this ranking was occupied by Vietnam, with a 12% share.

What are the leading suppliers of electric rotary converters to Nigeria?

In value terms, China constituted the largest supplier of electric rotary converter to Nigeria, comprising 79% of total imports. The second position in the ranking was occupied by Germany, with a 5.5% share of total imports. It was followed by India, with a 2.5% share.

What are the leading importers of electric rotary converters from Nigeria?

In value terms, Denmark remains the key foreign market for electric rotary converter exports from Nigeria, comprising 75% of total exports. The second position in the ranking was occupied by Niger, with a 23% share of total exports.

What is the average export price for electric rotary converters in Nigeria?

The average electric rotary converter export price stood at $155 per unit in 2020, reducing by -19.6% against the previous year.

What is the average import price for electric rotary converters in Nigeria?

In 2020, the average electric rotary converter import price amounted to $42 per unit, waning by -16.3% against the previous year.

This report provides an in-depth analysis of the electric rotary converter 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 27113270 - Rotary converters

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