Nigeria: Vapour Generating Boiler Market 2025

Vapour Generating Boiler Market Size in Nigeria

The Nigerien vapour generating boiler market reduced sharply to $X in 2021, waning by -56.8% 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). In general, consumption saw a abrupt setback. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Vapour Generating Boiler Exports

Exports from Nigeria

In 2019, exports of vapour generating boilers from Nigeria totaled X tons, approximately reflecting the previous year's figure. Over the period under review, exports saw a sharp setback. The smallest decline of -41.7% was in 2013. The exports peaked at X tons in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

In value terms, vapour generating boiler exports totaled $X in 2019. Overall, exports continue to indicate a dramatic descent. The smallest decline of -48.4% was in 2013. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

Exports by Country

Ghana (X tons) was the main destination for vapour generating boiler exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Ghana totaled -34.1%.

From 2012 to 2019, the average annual growth rate of value to Ghana stood at -31.0%.

Export Prices by Country

The average vapour generating boiler export price stood at $X per ton in 2019, approximately mirroring the previous year. In general, the export price saw a notable expansion. The growth pace was the most rapid in 2013 a decrease of -11.4%. The export price peaked in 2019 and is expected to retain growth in the immediate term.

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

From 2012 to 2019, the rate of growth in terms of prices for Ghana amounted to +4.7% per year.

Vapour Generating Boiler Imports

Imports into Nigeria

In 2021, after five years of growth, there was significant decline in purchases abroad of vapour generating boilers, when their volume decreased by -60% to X tons. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 487% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then shrank sharply in the following year.

In value terms, vapour generating boiler imports shrank significantly to $X in 2021. Overall, imports saw a abrupt setback. The growth pace was the most rapid in 2014 when imports increased by 599%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

India (X tons), China (X tons) and Belgium (X tons) were the main suppliers of vapour generating boiler imports to Nigeria, together comprising 66% of total imports. Denmark, Malaysia, the UK, the United Arab Emirates, Turkey, Germany, Italy, Lebanon and Greece lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +21.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), India ($X) and China ($X) were the largest vapour generating boiler suppliers to Nigeria, with a combined 71% share of total imports.

Among the main suppliers, Belgium, with a CAGR of +17.7%, recorded the highest growth rate of 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 vapour generating boiler import price stood at $X per ton in 2021, rising by 13% against the previous year. Over the period under review, the import price, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2018 an increase of 39% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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