Despite rising average prices in 2024, consumers continued to purchase refrigeration appliances in Nigeria. Essential items such as freezers proved popular due to economic uncertainty and fear that prices will continue to increase. With high costs of living still plaguing consumers and limiting disposable income, consumers chose to buy now to get more value for their money. There was also financial support from some provincial governments, which helped consumers to purchase freezers and ease cos...
Euromonitor International's Refrigeration Appliances in Nigeria report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2019-2023, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market – be they new product developments, format trends or distribution issues. Forecasts to 2028 illustrate how the market is set to change.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Refrigeration Appliances market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Refrigeration Appliances in Nigeria
Euromonitor International
December 2024
List Of Contents And Tables
REFRIGERATION APPLIANCES IN NIGERIA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Freezers record marginal growth in an inflationary environment
Freezers prove essential to reducing food waste and costs
Hisense continues to lead in refrigeration appliances
PROSPECTS AND OPPORTUNITIES
Refrigeration appliances are expected to enjoy steady growth
Energy efficient appliances to capture consumer interest
Retail e-commerce to witness strong growth
CATEGORY DATA
Table 1 Sales of Refrigeration Appliances by Category: Volume 2019-2024
Table 2 Sales of Refrigeration Appliances by Category: Value 2019-2024
Table 3 Sales of Refrigeration Appliances by Category: % Volume Growth 2019-2024
Table 4 Sales of Refrigeration Appliances by Category: % Value Growth 2019-2024
Table 5 Sales of Freezers by Format: % Volume 2019-2024
Table 6 Sales of Freezers by Volume Capacity: % Volume 2019-2024
Table 7 Sales of Fridge Freezers by Format: % Volume 2019-2024
Table 8 Sales of Fridge Freezers by Volume Capacity: % Volume 2019-2024
Table 9 Sales of Fridge Freezers by Smart Appliances: % Volume 2020-2024
Table 10 Sales of Fridges by Volume Capacity: % Volume 2019-2024
Table 11 NBO Company Shares of Refrigeration Appliances: % Volume 2020-2024