Report Update: May 1, 2024

Nigeria - Automotive Lighting - 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

Automotive Lighting Price in Nigeria - 2022

Automotive Lighting Price in Nigeria (CIF) - 2022

The average automotive lighting import price stood at $9.3 per unit in 2022, declining by -18.1% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 an increase of 58%. As a result, import price attained the peak level of $27 per unit. From 2018 to 2022, the average 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 Germany amounted to -4.8% per year.

Automotive Lighting Price in Nigeria (FOB) - 2022

The average automotive lighting export price stood at $14 per unit in 2022, declining by -29.4% against the previous year. In general, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2020 an increase of 63% against the previous year. Over the period under review, the average export prices hit record highs at $31 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($14 per unit), while the average price for exports to Benin stood at $14 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Automotive Lighting Imports in Nigeria

In 2022, after two years of decline, there was significant growth in purchases abroad of automotive lighting, when their volume increased by 43% to 317K units. Overall, imports, however, recorded a abrupt curtailment. Imports peaked at 570K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, automotive lighting imports skyrocketed to $2.9M in 2022. In general, imports, however, saw a significant curtailment. Imports peaked at $9.9M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Automotive Lighting in Nigeria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	0.1	0.2	0.1	2.9	207.2%
China	7.1	3.2	1.2	N/A	-58.9%
Germany	0.4	0.3	0.3	N/A	-13.4%
United States	0.3	0.2	0.1	N/A	-42.3%
India	0.5	0.1	0.2	N/A	-36.8%
Taiwan (Chinese)	1.0	0.5	0.3	N/A	-45.2%
Others	0.4	1.4	0.3	N/A	-13.4%
Total	9.9	5.8	2.5	2.9	-33.6%

Top Suppliers of Automotive Lighting to Nigeria in 2022:

United Arab Emirates (316.6K units)

Automotive Lighting Exports in Nigeria

Automotive lighting exports from Nigeria rose rapidly to 17K units in 2022, with an increase of 12% on 2021. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 110% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, automotive lighting exports reduced remarkably to $241K in 2022. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. As a result, the exports reached the peak of $304K, and then plummeted in the following year.

Export of Automotive Lighting in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Benin	30.9	27.3	257	218	91.8%
Netherlands	N/A	N/A	N/A	17.2	0%
Cote d'Ivoire	79.9	135	N/A	N/A	69.0%
Angola	20.9	8.1	8.2	N/A	-37.4%
Others	27.1	7.9	38.2	5.8	-40.2%
Total	159	178	304	241	14.9%

Top Export Markets for Automotive Lighting from Nigeria in 2022:

Benin (15.6K units)
Netherlands (1.2K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the automotive lighting 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 27403910 - Electrical lighting or visual signalling equipment for motor vehicles (excluding electric filament or discharge lamps, s ealed beam lamp units, ultraviolet, infrared and arc lamps)

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