Report Update May 1, 2024

Nigeria - Wind Powered Generating Sets - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Wind Powered Generator Market 2024

Wind Powered Generator Market Size in Nigeria

The Nigerien wind powered generator market shrank remarkably to $X in 2021, which is down by -83.8% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Wind powered generator consumption peaked at $X in 2020, and then contracted markedly in the following year.

Wind Powered Generator Production in Nigeria

In value terms, wind powered generator production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 3.3% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Wind Powered Generator Exports

Exports from Nigeria

In 2021, approx. less than X units of wind powered generating sets were exported from Nigeria; flattening at the year before. In general, exports saw a relatively flat trend pattern.

In value terms, wind powered generator exports reached $X in 2021. Overall, exports faced a significant curtailment. The growth pace was the most rapid in 2017 when exports increased by 470% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Wind Powered Generator Imports

Imports into Nigeria

Wind powered generator imports into Nigeria dropped remarkably to X units in 2021, reducing by -82.5% compared with the year before. In general, imports, however, posted modest growth. The pace of growth was the most pronounced in 2016 with an increase of 268% against the previous year. Imports peaked at X units in 2020, and then fell remarkably in the following year.

In value terms, wind powered generator imports dropped sharply to $X in 2021. Overall, imports continue to indicate a slight decline. The most prominent rate of growth was recorded in 2018 when imports increased by 294% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then dropped sharply in the following year.

Imports by Country

Italy (X units), India (X units) and Germany (X units) were the main suppliers of wind powered generator imports to Nigeria, together comprising 70% of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +29.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of wind powered generating sets to Nigeria, comprising 46% of total imports. The second position in the ranking was held by Italy ($X), with a 22% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+37.4% per year) and Germany (+28.6% per year).

Import Prices by Country

The average wind powered generator import price stood at $X per unit in 2021, falling by -40% against the previous year. Overall, the import price recorded a pronounced reduction. The pace of growth appeared the most rapid in 2018 an increase of 147%. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then dropped markedly in the following year.

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 the UK ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wind powered generating sets in the world?

The country with the largest volume of wind powered generator consumption was Mexico, accounting for 19% of total volume. Moreover, wind powered generator consumption in Mexico exceeded the figures recorded by the second-largest consumer, Croatia, twofold. The third position in this ranking was held by Hong Kong SAR, with a 7.3% share.

What are the largest producers of wind powered generating sets in the world?

Hong Kong SAR constituted the country with the largest volume of wind powered generator production, accounting for 30% of total volume. Moreover, wind powered generator production in Hong Kong SAR exceeded the figures recorded by the second-largest producer, Cyprus, twofold. France ranked third in terms of total production with an 8% share.

What are the leading suppliers of wind powered generating sets to Nigeria?

In value terms, India constituted the largest supplier of wind powered generating sets to Nigeria, comprising 46% of total imports. The second position in the ranking was taken by Italy, with a 22% share of total imports. It was followed by Germany, with a 12% share.

What is the average import price for wind powered generating sets in Nigeria?

The average wind powered generator import price stood at $1,646 per unit in 2021, reducing by -40% against the previous year.

This report provides an in-depth analysis of the wind powered generator 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 28112400 - Generating sets, wind-powered

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