Nigeria: Market for Vacuum Cleaners With Motor 2025

Market Size for Vacuum Cleaners With Motor in Nigeria

In 2021, the Nigerien vacuum cleaner with motor market decreased by -1.3% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Vacuum Cleaners With Motor in Nigeria

In value terms, vacuum cleaner with motor production contracted slightly to $X in 2021 estimated in export price. Overall, production, however, showed a mild contraction. The pace of growth was the most pronounced in 2015 with an increase of 77% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Vacuum Cleaners With Motor

Exports from Nigeria

In 2021, the amount of vacuum cleaners with motor exported from Nigeria rose markedly to X kg, surging by 9.7% compared with the previous year. In general, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of 217%. The exports peaked at X kg in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, vacuum cleaner with motor exports shrank notably to $X in 2021. Over the period under review, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2014 when exports increased by 83%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Benin (X kg), Jamaica (X kg) and Cote d'Ivoire (X kg) were the main destinations of vacuum cleaner with motor exports from Nigeria, together accounting for 99% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jamaica (with a CAGR of +1,633.3%), while the other leaders experienced mixed trend patterns.

In value terms, Cote d'Ivoire ($X), Benin ($X) and Jamaica ($X) were the largest markets for vacuum cleaner with motor exported from Nigeria worldwide, with a combined 99% share of total exports.

In terms of the main countries of destination, Benin, with a CAGR of +62.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average vacuum cleaner with motor export price stood at $X per ton in 2021, reducing by -32.1% against the previous year. Overall, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 an increase of 68% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Jamaica ($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 Benin (-1.5%), while the prices for the other major destinations experienced a decline.

Imports of Vacuum Cleaners With Motor

Imports into Nigeria

In 2021, after three years of growth, there was significant decline in supplies from abroad of vacuum cleaners with motor, when their volume decreased by -26.7% to X tons. Over the period under review, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 164%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, vacuum cleaner with motor imports shrank to $X in 2021. In general, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 408% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Italy (X tons) were the main suppliers of vacuum cleaner with motor imports to Nigeria, together accounting for 50% of total imports. These countries were followed by India, Australia, Turkey, South Korea, South Africa, Romania, Hungary, the United States and Germany, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +57.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vacuum cleaner with motor suppliers to Nigeria were China ($X), the United Arab Emirates ($X) and Italy ($X), with a combined 47% share of total imports. Romania, Australia, South Korea, Hungary, South Africa, India, Turkey, Germany and the United States lagged somewhat behind, together comprising a further 18%.

Hungary, with a CAGR of +116.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vacuum cleaner with motor import price stood at $X per ton in 2021, rising by 31% against the previous year. Over the period under review, the import price recorded a prominent increase. The growth pace was the most rapid in 2014 when the average import price increased by 92% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+37.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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