Report Update: May 4, 2024

Nigeria - Liquid Air Or Compressed Air - Market Analysis, Forecast, Size, Trends And Insights

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Price for Liquid Air and Distilled Water in Nigeria - 2022

Price for Liquid Air and Distilled Water in Nigeria (CIF) - 2022

In 2022, the average import price for liquid or compressed air and distilled or conductivity water amounted to $10,864 per ton, growing by 14% against the previous year. In general, the import price posted a remarkable increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 333% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($19,066 per ton), while the price for Israel totaled $1,018 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+24.3%).

Price for Liquid Air and Distilled Water in Nigeria (FOB) - 2022

In 2022, the average export price for liquid or compressed air and distilled or conductivity water amounted to $10,479 per ton, increasing by 84% against the previous year. In general, the export price posted a measured increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 94% against the previous year. The export price peaked at $23,996 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($27,792 per ton), while the average price for exports to Sao Tome and Principe stood at $5,774 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+28.4%).

Imports of Liquid Air and Distilled Water in Nigeria

In 2022, overseas purchases of liquid or compressed air and distilled or conductivity water decreased by -10.3% to 22 tons, falling for the second consecutive year after two years of growth. In general, imports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 897%. As a result, imports attained the peak of 47 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, liquid air and distilled water imports totaled $244K in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 548% against the previous year. As a result, imports reached the peak of $251K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Liquid Air and Distilled Water in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	25.8	209	150	167	86.4%
Israel	2.3	14.9	12.1	12.2	74.4%
Others	10.5	26.7	75.8	64.6	83.2%
Total	38.6	251	238	244	84.9%

Top Suppliers of Liquid Air and Distilled Water to Nigeria in 2022:

Israel (12.0 tons)
India (8.8 tons)

Exports of Liquid Air and Distilled Water in Nigeria

In 2022, the amount of liquid or compressed air and distilled or conductivity water exported from Nigeria reduced notably to 425 kg, which is down by -70% against the year before. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 3,051% against the previous year. As a result, the exports attained the peak of 1.4 tons, and then reduced sharply in the following year.

In value terms, liquid air and distilled water exports declined markedly to $4.5K in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 883%. As a result, the exports attained the peak of $8.1K, and then contracted markedly in the following year.

Export of Liquid Air and Distilled Water in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	N/A	0.4	1.6	2.4	144.9%
Sao Tome and Principe	N/A	0.3	1.2	1.8	144.9%
Hong Kong SAR	0.8	N/A	N/A	N/A	0%
China	0.8	N/A	N/A	N/A	0%
Senegal	N/A	N/A	0.1	N/A	0%
United States	N/A	N/A	5.0	N/A	0%
Others	N/A	0.2	0.2	0.3	22.5%
Total	1.7	0.8	8.1	4.5	38.3%

Top Export Markets for Liquid Air and Distilled Water from Nigeria in 2022:

Sao Tome and Principe (318.0 kg)
Germany (85.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for liquid air and distilled water 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 20111300 - Liquid air, compressed air
Prodcom 20135250 - Distilled and conductivity water and water of similar purity
Prodcom 20135290 - Other inorganic compounds n.e.c., amalgams (excluding distilled and conductivity water and water of similar purity, l iquid air and compressed air, those of precious metals)

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