Nigeria: Transmission Apparatus Market 2025

Transmission Apparatus Market Size in Nigeria

After two years of decline, the Nigerien transmission apparatus market increased by 9% to $X in 2021. Overall, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.4% against 2018 indices. Transmission apparatus consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Transmission Apparatus Production in Nigeria

In value terms, transmission apparatus production rose markedly to $X in 2021 estimated in export price. Overall, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.7% against 2018 indices. The growth pace was the most rapid in 2014 when the production volume increased by 101% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Transmission Apparatus Exports

Exports from Nigeria

Transmission apparatus exports from Nigeria rose slightly to X tons in 2021, with an increase of 4.4% compared with 2020. In general, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 660%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, transmission apparatus exports surged to $X in 2021. Overall, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 395%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X kg), Cote d'Ivoire (X kg) and Hong Kong SAR (X kg) were the main destinations of transmission apparatus exports from Nigeria, together comprising 59% of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +77.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Hong Kong SAR ($X) and the United States ($X) were the largest markets for transmission apparatus exported from Nigeria worldwide, together accounting for 52% of total exports.

The UK, with a CAGR of +58.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average transmission apparatus export price amounted to $X per ton, rising by 26% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 105%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Cote d'Ivoire ($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 the Netherlands (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Apparatus Imports

Imports into Nigeria

After three years of growth, purchases abroad of transmission apparatus incorporating reception apparatus decreased by -48.3% to X tons in 2021. Over the period under review, imports showed a slight decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 161% against the previous year. As a result, imports reached the peak of X tons, and then shrank sharply in the following year.

In value terms, transmission apparatus imports fell markedly to $X in 2021. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 46% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Ireland (X tons), Spain (X tons) and China (X tons) were the main suppliers of transmission apparatus imports to Nigeria, with a combined 68% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +68.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Ireland ($X) constituted the largest supplier of transmission apparatus incorporating reception apparatus to Nigeria, comprising 31% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by the United States, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from Ireland amounted to +59.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.8% per year) and the United States (+1.5% per year).

Import Prices by Country

In 2021, the average transmission apparatus import price amounted to $X per ton, rising by 21% against the previous year. In general, the import price, however, showed a abrupt decrease. The growth pace was the most rapid in 2014 when the average import price increased by 153% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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 Hong Kong SAR ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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