Freezers - Nigeria
Nigeria- In 2024, the Freezers market in Nigeria generated a revenue of US$208.30m.
- The market is projected to experience an annual growth rate of 5.88% from 2024 to 2029 (CAGR 2024-2029).
- When comparing this revenue on a global scale, China leads the way with a revenue of US$5bn in 2024.
- In terms of per household revenues, the Freezers market in Nigeria generated US$4.66 in 2024.
- Looking ahead, the volume in the Freezers market is expected to reach 464.5k pieces by 2029.
- However, there will be a slight decline in volume growth in 2025.0, with a rate of 3.8%.
- On average, each household in Nigeria is expected to have a volume of 0.01pieces in the Freezers market in 2024.
- The demand for freezers in Nigeria is rapidly growing due to the increasing need for food preservation in the country's tropical climate.
- Key regions:
- Indonesia,
- Japan,
- India,
- Germany,
- Europe
Definition: Freezers are a class of appliances specifically designed to cool stored items at a temperature of -18° C or below. This category includes both freezers and deep freezers with a maximum capacity of 900 liters. Furthermore, professional appliances utilized in gastronomy are also part of this classification. It is important to note that freezer compartments are not considered freezers and thus, are not included in this category.
Additional Information: The market comprises key performance indicators such as revenues, volume, price per unit, average revenue and volume per household, and sales channels.
Note that the volume sales only refer to B2C (business to consumer) sales, via both the offline and the online channel. The average revenue and volume per household are determined by dividing the revenues and volume by the number of households, where a household refers to a house and its occupants, regarded as a unit. Finally, price per unit refers to the cost of a single unit of the product.
For more information on the displayed data, please use the info button right next to the boxes.
In-Scope
- Freezers
- Deep freezers
Out-Of-Scope
- Feezers with a maximum capacity of more than 900l
- Fridge freezers
