Nigeria: Laundry Machine Market 2025

Laundry Machine Market Size in Nigeria

In 2021, the Nigerien laundry machine market increased by 20% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a mild curtailment. 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.

Laundry Machine Production in Nigeria

In value terms, laundry machine production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 22% against the previous year. Laundry machine production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Laundry Machine Exports

Exports from Nigeria

In 2021, overseas shipments of washing, bleaching or dyeing machines increased by 167% to X units, rising for the second consecutive year after three years of decline. Overall, exports, however, continue to indicate a sharp setback. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, laundry machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a dramatic downturn. The pace of growth was the most pronounced in 2020 with an increase of 57% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Gambia (X units) was the main destination for laundry machine exports from Nigeria, with a 63% share of total exports. Moreover, laundry machine exports to Gambia exceeded the volume sent to the second major destination, Tanzania (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Gambia amounted to +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-40.3% per year) and Benin (-22.6% per year).

In value terms, Tanzania ($X) remains the key foreign market for washing, bleaching or dyeing machines exports from Nigeria, comprising 88% of total exports. The second position in the ranking was held by Gambia ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Tanzania amounted to -29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gambia (+7.7% per year) and Benin (-37.8% per year).

Export Prices by Country

The average laundry machine export price stood at $X per unit in 2021, dropping by -44% against the previous year. Over the period under review, the export price, however, posted a notable expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 97% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then dropped dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Benin ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+21.1%), while the prices for the other major destinations experienced a decline.

Laundry Machine Imports

Imports into Nigeria

In 2021, overseas purchases of washing, bleaching or dyeing machines increased by 184% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2014 when imports increased by 2,242%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, laundry machine imports surged to $X in 2021. Overall, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 1,788%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

India (X units), China (X units) and Lebanon (X units) were the main suppliers of laundry machine imports to Nigeria, with a combined 77% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Lebanon (with a CAGR of +41.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of washing, bleaching or dyeing machines to Nigeria, comprising 52% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 13% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-11.8% per year) and China (-23.5% per year).

Import Prices by Country

The average laundry machine import price stood at $X per unit in 2021, increasing by 32% against the previous year. In general, the import price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 an increase of 32% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, 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 the United States ($X per unit), while the price for Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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