| Product Code: ETC228349 | 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 |
In 2024, Nigeria`s watches and clocks import shipments saw a significant shift in concentration levels, moving from moderate to low concentration. The top exporting countries to Nigeria included Hong Kong, China, Switzerland, USA, and Philippines. Despite a negative compound annual growth rate (CAGR) of -6.5% from 2020 to 2024, there was a remarkable growth rate of 69.56% from 2023 to 2024. This indicates a potential resurgence in the Nigerian market for watches and clocks, with diverse sources contributing to the import 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 Watches and Clocks Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Watches and Clocks Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Watches and Clocks Market - Industry Life Cycle |
3.4 Nigeria Watches and Clocks Market - Porter's Five Forces |
3.5 Nigeria Watches and Clocks Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Nigeria Watches and Clocks Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Nigeria Watches and Clocks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing disposable income levels in Nigeria |
4.2.2 Increasing urbanization and changing lifestyle preferences |
4.2.3 Rising awareness about fashion trends and accessories |
4.3 Market Restraints |
4.3.1 Economic instability and currency fluctuations in Nigeria |
4.3.2 Competition from counterfeit products in the market |
5 Nigeria Watches and Clocks Market Trends |
6 Nigeria Watches and Clocks Market, By Types |
6.1 Nigeria Watches and Clocks Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Watches and Clocks Market Revenues & Volume, By Types, 2021 - 2031F |
6.1.3 Nigeria Watches and Clocks Market Revenues & Volume, By Sport Watches, 2021 - 2031F |
6.1.4 Nigeria Watches and Clocks Market Revenues & Volume, By Luxury Watches, 2021 - 2031F |
6.1.5 Nigeria Watches and Clocks Market Revenues & Volume, By Diamond Watches, 2021 - 2031F |
6.1.6 Nigeria Watches and Clocks Market Revenues & Volume, By Alarm Clock, 2021 - 2031F |
6.1.7 Nigeria Watches and Clocks Market Revenues & Volume, By Wall Clock, 2021 - 2031F |
6.2 Nigeria Watches and Clocks Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Watches and Clocks Market Revenues & Volume, By Display Time, 2021 - 2031F |
6.2.3 Nigeria Watches and Clocks Market Revenues & Volume, By Adornment, 2021 - 2031F |
6.2.4 Nigeria Watches and Clocks Market Revenues & Volume, By Collection, 2021 - 2031F |
6.2.5 Nigeria Watches and Clocks Market Revenues & Volume, By Other, 2021 - 2031F |
7 Nigeria Watches and Clocks Market Import-Export Trade Statistics |
7.1 Nigeria Watches and Clocks Market Export to Major Countries |
7.2 Nigeria Watches and Clocks Market Imports from Major Countries |
8 Nigeria Watches and Clocks Market Key Performance Indicators |
8.1 Consumer sentiment towards luxury goods |
8.2 Retail store footfall and conversion rates |
8.3 Social media engagement and brand awareness |
9 Nigeria Watches and Clocks Market - Opportunity Assessment |
9.1 Nigeria Watches and Clocks Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Nigeria Watches and Clocks Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Nigeria Watches and Clocks Market - Competitive Landscape |
10.1 Nigeria Watches and Clocks Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Watches and Clocks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |