| Product Code: ETC226189 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Nigeria electric and acoustic guitar strings import market in 2024 saw significant shipments from top exporting countries such as China, Japan, Indonesia, USA, and Malaysia. Despite a high concentration with the Herfindahl-Hirschman Index (HHI), the market experienced a decline in Compound Annual Growth Rate (CAGR) from 2020-2024 at -23.43%. However, there was a notable growth rate of 20.3% from 2023-2024, indicating a potential rebound in the industry. Nigeria continues to be a key player in importing guitar strings, with diverse sources contributing to its supply chain.

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 Electric and Acoustic Guitar Strings Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Electric and Acoustic Guitar Strings Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Electric and Acoustic Guitar Strings Market - Industry Life Cycle |
3.4 Nigeria Electric and Acoustic Guitar Strings Market - Porter's Five Forces |
3.5 Nigeria Electric and Acoustic Guitar Strings Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Nigeria Electric and Acoustic Guitar Strings Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Electric and Acoustic Guitar Strings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing popularity of music education and interest in playing musical instruments in Nigeria |
4.2.2 Rising disposable income and increasing spending on recreational activities |
4.2.3 Expansion of music industry and live performances in the country |
4.3 Market Restraints |
4.3.1 High import costs and tariffs on musical instruments and accessories |
4.3.2 Limited availability of high-quality guitar strings in the local market |
4.3.3 Economic fluctuations and currency devaluation impacting purchasing power |
5 Nigeria Electric and Acoustic Guitar Strings Market Trends |
6 Nigeria Electric and Acoustic Guitar Strings Market, By Types |
6.1 Nigeria Electric and Acoustic Guitar Strings Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Electric and Acoustic Guitar Strings Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Nigeria Electric and Acoustic Guitar Strings Market Revenues & Volume, By Light, Custom Light, 2021 - 2031F |
6.1.4 Nigeria Electric and Acoustic Guitar Strings Market Revenues & Volume, By Extra Light, 2021 - 2031F |
6.2 Nigeria Electric and Acoustic Guitar Strings Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Electric and Acoustic Guitar Strings Market Revenues & Volume, By Acoustic Guitar, 2021 - 2031F |
6.2.3 Nigeria Electric and Acoustic Guitar Strings Market Revenues & Volume, By Electric Guitar, 2021 - 2031F |
7 Nigeria Electric and Acoustic Guitar Strings Market Import-Export Trade Statistics |
7.1 Nigeria Electric and Acoustic Guitar Strings Market Export to Major Countries |
7.2 Nigeria Electric and Acoustic Guitar Strings Market Imports from Major Countries |
8 Nigeria Electric and Acoustic Guitar Strings Market Key Performance Indicators |
8.1 Percentage increase in music education enrollment in schools and institutions |
8.2 Number of music festivals and concerts held annually in Nigeria |
8.3 Growth in the number of music stores and online retailers stocking guitar strings |
9 Nigeria Electric and Acoustic Guitar Strings Market - Opportunity Assessment |
9.1 Nigeria Electric and Acoustic Guitar Strings Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Nigeria Electric and Acoustic Guitar Strings Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Electric and Acoustic Guitar Strings Market - Competitive Landscape |
10.1 Nigeria Electric and Acoustic Guitar Strings Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Electric and Acoustic Guitar Strings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |