| Product Code: ETC8619402 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria saw a shift in its import sources for axial flow pumps, with top exporters being Norway, UK, China, India, and Germany. The Herfindahl-Hirschman Index (HHI) indicated a decrease in market concentration from moderate to low in just one year, signaling a more diversified market. The compound annual growth rate (CAGR) for the period 2020-2024 was -13.58%, with a significant decline in growth rate from 2023 to 2024 at -42.66%. These trends suggest a dynamic and evolving market landscape for axial flow pump imports in Nigeria.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Axial Flow Pump Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Axial Flow Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Axial Flow Pump Market - Industry Life Cycle |
3.4 Nigeria Axial Flow Pump Market - Porter's Five Forces |
3.5 Nigeria Axial Flow Pump Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Axial Flow Pump Market Revenues & Volume Share, By End-use, 2021 & 2031F |
3.7 Nigeria Axial Flow Pump Market Revenues & Volume Share, By Configuration, 2021 & 2031F |
4 Nigeria Axial Flow Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Nigeria Axial Flow Pump Market Trends |
6 Nigeria Axial Flow Pump Market, By Types |
6.1 Nigeria Axial Flow Pump Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Axial Flow Pump Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Axial Flow Pump Market Revenues & Volume, By High Power, 2021- 2031F |
6.1.4 Nigeria Axial Flow Pump Market Revenues & Volume, By Miniwatt, 2021- 2031F |
6.2 Nigeria Axial Flow Pump Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Axial Flow Pump Market Revenues & Volume, By Agriculture, 2021- 2031F |
6.2.3 Nigeria Axial Flow Pump Market Revenues & Volume, By Construction & Building Services, 2021- 2031F |
6.2.4 Nigeria Axial Flow Pump Market Revenues & Volume, By Water & Wastewater, 2021- 2031F |
6.2.5 Nigeria Axial Flow Pump Market Revenues & Volume, By Power Generation, 2021- 2031F |
6.2.6 Nigeria Axial Flow Pump Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.2.7 Nigeria Axial Flow Pump Market Revenues & Volume, By Chemicals, 2021- 2031F |
6.3 Nigeria Axial Flow Pump Market, By Configuration |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Axial Flow Pump Market Revenues & Volume, By Single-stage, 2021- 2031F |
6.3.3 Nigeria Axial Flow Pump Market Revenues & Volume, By Multi-stage, 2021- 2031F |
7 Nigeria Axial Flow Pump Market Import-Export Trade Statistics |
7.1 Nigeria Axial Flow Pump Market Export to Major Countries |
7.2 Nigeria Axial Flow Pump Market Imports from Major Countries |
8 Nigeria Axial Flow Pump Market Key Performance Indicators |
9 Nigeria Axial Flow Pump Market - Opportunity Assessment |
9.1 Nigeria Axial Flow Pump Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Axial Flow Pump Market Opportunity Assessment, By End-use, 2021 & 2031F |
9.3 Nigeria Axial Flow Pump Market Opportunity Assessment, By Configuration, 2021 & 2031F |
10 Nigeria Axial Flow Pump Market - Competitive Landscape |
10.1 Nigeria Axial Flow Pump Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Axial Flow Pump Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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