Nigeria - Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Machinery for Material Treatment by Heating or Cooling Process in Nigeria - 2022
Contents:
- Price for Machinery for Material Treatment by Heating or Cooling Process in Nigeria (CIF) - 2022
- Price for Machinery for Material Treatment by Heating or Cooling Process in Nigeria (FOB) - 2022
- Imports of Machinery for Material Treatment by Heating or Cooling Process in Nigeria
- Exports of Machinery for Material Treatment by Heating or Cooling Process in Nigeria
Price for Machinery for Material Treatment by Heating or Cooling Process in Nigeria (CIF) - 2022
In 2022, the average import price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process amounted to $1,038 per unit, with an increase of 1.5% against the previous year. Overall, the import price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2014 when the average import price increased by 80% against the previous year. The import price peaked at $9,566 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +2.4% per year.
Price for Machinery for Material Treatment by Heating or Cooling Process in Nigeria (FOB) - 2022
The average export price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process stood at $7,386 per unit in 2022, declining by -9.4% against the previous year. Over the period under review, the export price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by 367% against the previous year. As a result, the export price reached the peak level of $20,747 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($13,139 per unit), while the average price for exports to Benin ($171 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+49.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Machinery for Material Treatment by Heating or Cooling Process in Nigeria
In 2022, approx. 142K units of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process were imported into Nigeria; increasing by 32% on 2021. Over the period under review, imports, however, showed a pronounced curtailment. Imports peaked at 152K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process surged to $148M in 2022. In general, imports, however, showed a dramatic setback. Imports peaked at $292M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Machinery for Material Treatment by Heating or Cooling Process in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.3 | 0.1 | 8.7 | 148 | 690.2% |
| South Korea | 57.0 | 0.3 | N/A | N/A | -99.5% |
| China | 19.4 | 23.1 | 62.3 | N/A | 79.2% |
| United States | 43.9 | 99.0 | 8.6 | N/A | -55.7% |
| India | 17.9 | 26.9 | 14.9 | N/A | -8.8% |
| Others | 153 | 124 | 16.3 | N/A | -67.4% |
| Total | 292 | 274 | 111 | 148 | -20.3% |
Top Suppliers of Machinery for Material Treatment by Heating or Cooling Process to Nigeria in 2022:
- United Arab Emirates (142.5K units)
Exports of Machinery for Material Treatment by Heating or Cooling Process in Nigeria
In 2022, the amount of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process exported from Nigeria declined remarkably to 9 units, falling by -35.7% compared with 2021 figures. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 367% against the previous year. As a result, the exports attained the peak of 14 units, and then declined sharply in the following year.
In value terms, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process reduced sharply to $66K in 2022. In general, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 507%. As a result, the exports reached the peak of $114K, and then shrank notably in the following year.
| Export of Machinery for Material Treatment by Heating or Cooling Process in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | N/A | 65.7 | 0% |
| Zimbabwe | N/A | N/A | 0.3 | 0.2 | -33.3% |
| Ireland | N/A | N/A | N/A | 0.2 | 0% |
| Benin | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Cote d'Ivoire | 60.8 | 18.6 | N/A | N/A | -69.4% |
| Niger | N/A | 0.2 | 0.1 | N/A | -50.0% |
| Kenya | 0.1 | N/A | N/A | N/A | 0% |
| Rwanda | 0.5 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | N/A | 0.6 | N/A | 0% |
| Portugal | N/A | N/A | 34.0 | N/A | 0% |
| Italy | N/A | N/A | 17.7 | N/A | 0% |
| Vietnam | N/A | N/A | 2.4 | N/A | 0% |
| Ghana | 17.3 | N/A | N/A | N/A | 0% |
| Others | 4.0 | 0.1 | 58.9 | 0.2 | -63.2% |
| Total | 82.8 | 18.8 | 114 | 66.5 | -7.0% |
Top Export Markets for Machinery for Material Treatment by Heating or Cooling Process from Nigeria in 2022:
- Australia (5.0 units)
- Benin (1.0 units)
- Zimbabwe (1.0 units)
- Ireland (1.0 units)
This report provides an in-depth analysis of the market for machinery for material treatment by heating or cooling process 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 28296030 - Cooling towers and similar plant for direct cooling by means of recirculated water
- Prodcom 28296050 - Vacuum-vapour plant for the deposition of metal
- Prodcom 28296090 - Machinery, plant or laboratory equipment, whether or not electrically heated, for the treatment of materials by a process involving a change of temperature, n.e.c.
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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