Report Update Apr 1, 2024

Nigeria - Variable Capacitors - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Variable Capacitor Market 2024

Variable Capacitor Market Size in Nigeria

In 2022, the Nigerien variable capacitor market decreased by X% to $X for the first time since 2014, thus ending a seven-year rising trend. Overall, consumption, however, recorded notable growth. Variable capacitor consumption peaked at $X in 2021, and then contracted markedly in the following year.

Variable Capacitor Production in Nigeria

In value terms, variable capacitor production fell to $X in 2022 estimated in export price. In general, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Variable capacitor production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Variable Capacitor Exports

Exports from Nigeria

In 2014, variable capacitor exports from Nigeria was estimated at X units, remaining relatively unchanged against the year before. Over the period under review, exports faced a dramatic descent. The smallest decline of X% was in 2013. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2014, the exports failed to regain momentum.

In value terms, variable capacitor exports stood at $X in 2014. Overall, exports saw notable growth. The smallest decline of X% was in 2013. The exports peaked in 2014 and are likely to see steady growth in years to come.

Exports by Country

Cote d'Ivoire (X units) was the main destination for variable capacitor exports from Nigeria, accounting for a X% share of total exports. Moreover, variable capacitor exports to Cote d'Ivoire exceeded the volume sent to the second major destination, South Korea (X units), twofold. The third position in this ranking was taken by Ghana (X units), with a X% share.

From 2012 to 2014, the average annual rate of growth in terms of volume to Cote d'Ivoire amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Ghana (X% per year).

It was followed by Ghana, with a X% share.

From 2012 to 2014, the average annual rate of growth in terms of value to Cote d'Ivoire amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2014, the average variable capacitor export price amounted to $X per unit, almost unchanged from the previous year. Over the period under review, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 a decrease of X% against the previous year. The export price peaked in 2014 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2014, amid the top suppliers, the highest price was recorded for prices to Cote d'Ivoire ($X per unit) and India ($X per unit), while the average price for exports to South Korea ($X per unit) and Ghana ($X per unit) were amongst the lowest.

From 2012 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (X%).

Variable Capacitor Imports

Imports into Nigeria

After four years of growth, purchases abroad of variable capacitors decreased by X% to X units in 2022. Over the period under review, imports saw a pronounced setback. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then dropped dramatically in the following year.

In value terms, variable capacitor imports declined markedly to $X in 2022. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2021, and then contracted significantly in the following year.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of variable capacitor to Nigeria, accounting for a X% share of total imports. Moreover, variable capacitor imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the UK (X% per year).

In value terms, the largest variable capacitor suppliers to Nigeria were Germany ($X), the UK ($X) and China ($X), together accounting for X% of total imports.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average variable capacitor import price amounted to $X per thousand units, rising by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt setback. Over the period under review, average import prices reached the maximum at $X per thousand units in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per thousand units), while the price for China ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for variable capacitors in the world?

The countries with the highest volumes of consumption in 2023 were Singapore, India and Italy, together accounting for 51% of global consumption. Malaysia, Mexico, Egypt, Indonesia, Hong Kong SAR, China, Taiwan Chinese) and Vietnam lagged somewhat behind, together accounting for a further 35%.

What are the largest producers of variable capacitors in the world?

Singapore constituted the country with the largest volume of variable capacitor production, comprising approx. 41% of total volume. Moreover, variable capacitor production in Singapore exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was held by Italy, with a 16% share.

What are the leading suppliers of variable capacitors to Nigeria?

In value terms, Germany, the UK and China constituted the largest variable capacitor suppliers to Nigeria, with a combined 99% share of total imports.

What are the leading importers of variable capacitors from Nigeria?

It was followed by Ghana, with a 16% share.

What is the average export price for variable capacitors in Nigeria?

The average variable capacitor export price stood at $0.3 per unit in 2014, flattening at the previous year.

What is the average import price for variable capacitors in Nigeria?

The average variable capacitor import price stood at $7.5 per thousand units in 2022, surging by 71% against the previous year.

This report provides an in-depth analysis of the variable capacitor 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 27905300 - Variable capacitors (including pre-sets)

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