| Product Code: ETC10958685 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Nigeria saw a diverse range of top countries exporting automotive engine oils, with Turkey, Belgium, Egypt, UAE, and Metropolitan France leading the pack. Despite the low Herfindahl-Hirschman Index indicating a competitive market, the industry experienced a slight growth with a CAGR of 1.75% from 2020 to 2024. However, the growth rate took a dip in 2024 with a -19.49% decrease compared to the previous year, suggesting a potential shift in market dynamics. The market for automotive engine oils in Nigeria continues to show resilience amidst changing trends and global challenges.

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 Automotive Engine Oils Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Automotive Engine Oils Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Automotive Engine Oils Market - Industry Life Cycle |
3.4 Nigeria Automotive Engine Oils Market - Porter's Five Forces |
3.5 Nigeria Automotive Engine Oils Market Revenues & Volume Share, By Oil Type, 2021 & 2031F |
3.6 Nigeria Automotive Engine Oils Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Nigeria Automotive Engine Oils Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Nigeria Automotive Engine Oils Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing vehicle sales in Nigeria |
4.2.2 Growing awareness about the importance of regular engine oil changes |
4.2.3 Expansion of the automotive industry in Nigeria |
4.3 Market Restraints |
4.3.1 Fluctuating crude oil prices affecting the cost of raw materials |
4.3.2 Competition from counterfeit or substandard engine oils |
4.3.3 Lack of stringent regulations on engine oil quality control |
5 Nigeria Automotive Engine Oils Market Trends |
6 Nigeria Automotive Engine Oils Market, By Types |
6.1 Nigeria Automotive Engine Oils Market, By Oil Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Automotive Engine Oils Market Revenues & Volume, By Oil Type, 2021 - 2031F |
6.1.3 Nigeria Automotive Engine Oils Market Revenues & Volume, By Synthetic Oil, 2021 - 2031F |
6.1.4 Nigeria Automotive Engine Oils Market Revenues & Volume, By Conventional Oil, 2021 - 2031F |
6.1.5 Nigeria Automotive Engine Oils Market Revenues & Volume, By Semi-Synthetic Oil, 2021 - 2031F |
6.1.6 Nigeria Automotive Engine Oils Market Revenues & Volume, By High-Mileage Oil, 2021 - 2031F |
6.2 Nigeria Automotive Engine Oils Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Automotive Engine Oils Market Revenues & Volume, By High-Performance Engines, 2021 - 2031F |
6.2.3 Nigeria Automotive Engine Oils Market Revenues & Volume, By Regular Maintenance, 2021 - 2031F |
6.2.4 Nigeria Automotive Engine Oils Market Revenues & Volume, By Fuel Efficiency, 2021 - 2031F |
6.2.5 Nigeria Automotive Engine Oils Market Revenues & Volume, By Older Vehicles, 2021 - 2031F |
6.3 Nigeria Automotive Engine Oils Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Automotive Engine Oils Market Revenues & Volume, By Passenger Cars, 2021 - 2031F |
6.3.3 Nigeria Automotive Engine Oils Market Revenues & Volume, By Commercial Vehicles, 2021 - 2031F |
6.3.4 Nigeria Automotive Engine Oils Market Revenues & Volume, By Electric Vehicles, 2021 - 2031F |
6.3.5 Nigeria Automotive Engine Oils Market Revenues & Volume, By Luxury Vehicles, 2021 - 2031F |
7 Nigeria Automotive Engine Oils Market Import-Export Trade Statistics |
7.1 Nigeria Automotive Engine Oils Market Export to Major Countries |
7.2 Nigeria Automotive Engine Oils Market Imports from Major Countries |
8 Nigeria Automotive Engine Oils Market Key Performance Indicators |
8.1 Average number of vehicle registrations in Nigeria |
8.2 Consumer awareness surveys on engine oil maintenance |
8.3 Number of automotive manufacturing plants or workshops in Nigeria using high-quality engine oils |
9 Nigeria Automotive Engine Oils Market - Opportunity Assessment |
9.1 Nigeria Automotive Engine Oils Market Opportunity Assessment, By Oil Type, 2021 & 2031F |
9.2 Nigeria Automotive Engine Oils Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Nigeria Automotive Engine Oils Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Nigeria Automotive Engine Oils Market - Competitive Landscape |
10.1 Nigeria Automotive Engine Oils Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Automotive Engine Oils Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |