Report Update Apr 1, 2024

Nigeria - Electrical Fuses - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Nigeria: Electrical Fuse Market 2024

Electrical Fuse Market Size in Nigeria

After three years of growth, the Nigerien electrical fuse market decreased by -1.9% to $X in 2021. Over the period under review, consumption, however, showed a strong expansion. As a result, consumption attained the peak level of $X, and then contracted modestly in the following year.

Electrical Fuse Exports

Exports from Nigeria

In 2021, the amount of electrical fuses exported from Nigeria shrank dramatically to X kg, which is down by -74.8% on the previous year. Overall, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 130%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, electrical fuse exports shrank markedly to $X in 2021. Over the period under review, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 92%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X kg), Germany (X kg) and Ghana (X kg) were the main destinations of electrical fuse exports from Nigeria, together accounting for 81% of total exports. Angola, Italy, the Netherlands, the UK and South Africa lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) remains the key foreign market for electrical fuses exports from Nigeria, comprising 88% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 9.6% share of total exports. It was followed by Italy, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled -18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-29.2% per year) and Italy (0.0% per year).

Export Prices by Country

In 2021, the average electrical fuse export price amounted to $X per ton, with an increase of 40% against the previous year. In general, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 95% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Ghana ($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 the UK (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Electrical Fuse Imports

Imports into Nigeria

In 2021, overseas purchases of electrical fuses decreased by -8.9% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 407% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, electrical fuse imports skyrocketed to $X in 2021. Overall, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 203%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of electrical fuse to Nigeria, accounting for a 86% share of total imports. Moreover, electrical fuse imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +12.5%.

In value terms, China ($X) constituted the largest supplier of electrical fuses to Nigeria, comprising 76% of total imports. The second position in the ranking was held by India ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +16.5%.

Import Prices by Country

The average electrical fuse import price stood at $X per ton in 2021, growing by 38% against the previous year. In general, the import price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2015 an increase of 90%. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electrical fuses in the world?

The country with the largest volume of electrical fuse consumption was China, accounting for 26% of total volume. Moreover, electrical fuse consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was taken by Germany, with an 11% share.

What are the largest producers of electrical fuses in the world?

China constituted the country with the largest volume of electrical fuse production, comprising approx. 27% of total volume. Moreover, electrical fuse production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was taken by Germany, with an 11% share.

What are the leading suppliers of electrical fuses to Nigeria?

In value terms, China constituted the largest supplier of electrical fuses to Nigeria, comprising 76% of total imports. The second position in the ranking was taken by India, with an 18% share of total imports.

What are the leading importers of electrical fuses from Nigeria?

In value terms, Germany remains the key foreign market for electrical fuses exports from Nigeria, comprising 88% of total exports. The second position in the ranking was held by Cote d'Ivoire $400), with a 9.6% share of total exports. It was followed by Italy, with a 1.4% share.

What is the average export price for electrical fuses in Nigeria?

In 2021, the average electrical fuse export price amounted to $53,256 per ton, jumping by 40% against the previous year.

What is the average import price for electrical fuses in Nigeria?

In 2021, the average electrical fuse import price amounted to $2,740 per ton, surging by 38% against the previous year.

This report provides an in-depth analysis of the electrical fuse market 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 27121010 - Fuses for a voltage > 1 kV
Prodcom 27122130 - Fuses for a voltage . 1 kV and for a current . .10 A
Prodcom 27122150 - Fuses for a voltage . 1 kV and for a current > .10 A but . .63 A
Prodcom 27122170 - Fuses for a voltage . 1 kV and for a current > .63 A

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