| Product Code: ETC019929 | Publication Date: Oct 2020 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
In 2024, Nigeria continued to heavily rely on imports for ship building and repairing, with top exporters being Singapore, Netherlands, China, South Africa, and South Korea. The High Herfindahl-Hirschman Index (HHI) indicates a highly concentrated market. However, the sector experienced a significant decline with a Compound Annual Growth Rate (CAGR) of -40.35% from 2020-2024 and a drastic drop in growth rate from 2023-2024 at -83.87%. These trends suggest challenges and changes in the dynamics of the Nigerian ship building and repairing import market.

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 Ship Building and Repairing Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Ship Building and Repairing Market Revenues & Volume, 2019 & 2026F |
3.3 Nigeria Ship Building and Repairing Market - Industry Life Cycle |
3.4 Nigeria Ship Building and Repairing Market - Porter's Five Forces |
3.5 Nigeria Ship Building and Repairing Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Ship Building and Repairing Market Revenues & Volume Share, By Vessel Types, 2019 & 2026F |
3.7 Nigeria Ship Building and Repairing Market Revenues & Volume Share, By Applications, 2019 & 2026F |
4 Nigeria Ship Building and Repairing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Nigeria Ship Building and Repairing Market Trends |
6 Nigeria Ship Building and Repairing Market, By Types |
6.1 Nigeria Ship Building and Repairing Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Ship Building and Repairing Market Revenues & Volume, By Type, 2016 - 2026F |
6.1.3 Nigeria Ship Building and Repairing Market Revenues & Volume, By Ship Building, 2016 - 2026F |
6.1.4 Nigeria Ship Building and Repairing Market Revenues & Volume, By Ship Repairing , 2016 - 2026F |
6.2 Nigeria Ship Building and Repairing Market, By Vessel Types |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Ship Building and Repairing Market Revenues & Volume, By Oil And Chemical Tankers, 2016 - 2026F |
6.2.3 Nigeria Ship Building and Repairing Market Revenues & Volume, By Container Ships, 2016 - 2026F |
6.2.4 Nigeria Ship Building and Repairing Market Revenues & Volume, By Gas Carriers, 2016 - 2026F |
6.2.5 Nigeria Ship Building and Repairing Market Revenues & Volume, By Offshore Vessels, 2016 - 2026F |
6.2.6 Nigeria Ship Building and Repairing Market Revenues & Volume, By Passenger Ships And Ferries, 2016 - 2026F |
6.3 Nigeria Ship Building and Repairing Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Ship Building and Repairing Market Revenues & Volume, By General Services, 2016 - 2026F |
6.3.3 Nigeria Ship Building and Repairing Market Revenues & Volume, By Dockage, 2016 - 2026F |
6.3.4 Nigeria Ship Building and Repairing Market Revenues & Volume, By Hull Part, 2016 - 2026F |
6.3.5 Nigeria Ship Building and Repairing Market Revenues & Volume, By Engine Parts, 2016 - 2026F |
6.3.6 Nigeria Ship Building and Repairing Market Revenues & Volume, By Electric Works, 2016 - 2026F |
6.3.7 Nigeria Ship Building and Repairing Market Revenues & Volume, By Auxiliary Services, 2016 - 2026F |
7 Nigeria Ship Building and Repairing Market Import-Export Trade Statistics |
7.1 Nigeria Ship Building and Repairing Market Export to Major Countries |
7.2 Nigeria Ship Building and Repairing Market Imports from Major Countries |
8 Nigeria Ship Building and Repairing Market Key Performance Indicators |
9 Nigeria Ship Building and Repairing Market - Opportunity Assessment |
9.1 Nigeria Ship Building and Repairing Market Opportunity Assessment, By Type, 2019 & 2026F |
9.2 Nigeria Ship Building and Repairing Market Opportunity Assessment, By Vessel Types, 2019 & 2026F |
9.3 Nigeria Ship Building and Repairing Market Opportunity Assessment, By Applications, 2019 & 2026F |
10 Nigeria Ship Building and Repairing Market - Competitive Landscape |
10.1 Nigeria Ship Building and Repairing Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Ship Building and Repairing 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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