| Product Code: ETC066548 | Publication Date: Aug 2021 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Despite the significant decline in the water sports equipment import market in Nigeria, the top exporting countries in 2024 remained consistent with China, Metropolitan France, UK, South Africa, and Italy leading the way. The high concentration of the Herfindahl-Hirschman Index (HHI) in 2023 intensified further in 2024, indicating a more consolidated market. The negative Compound Annual Growth Rate (CAGR) of -28.74% from 2020 to 2024, along with a sharp decline in growth rate by -49.7% from 2023 to 2024, highlights the challenging landscape for water sports equipment imports in Nigeria.

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 Water Sports Equipment Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Water Sports Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Water Sports Equipment Market - Industry Life Cycle |
3.4 Nigeria Water Sports Equipment Market - Porter's Five Forces |
3.5 Nigeria Water Sports Equipment Market Revenues & Volume Share, By Water Sports Type, 2021 & 2031F |
3.6 Nigeria Water Sports Equipment Market Revenues & Volume Share, By Age, 2021 & 2031F |
3.7 Nigeria Water Sports Equipment Market Revenues & Volume Share, By Gender, 2021 & 2031F |
4 Nigeria Water Sports Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Nigeria Water Sports Equipment Market Trends |
6 Nigeria Water Sports Equipment Market, By Types |
6.1 Nigeria Water Sports Equipment Market, By Water Sports Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Water Sports Equipment Market Revenues & Volume, By Water Sports Type, 2018 - 2027F |
6.1.3 Nigeria Water Sports Equipment Market Revenues & Volume, By Surfing, 2018 - 2027F |
6.1.4 Nigeria Water Sports Equipment Market Revenues & Volume, By Scuba Diving, 2018 - 2027F |
6.1.5 Nigeria Water Sports Equipment Market Revenues & Volume, By Jet Ski, 2018 - 2027F |
6.1.6 Nigeria Water Sports Equipment Market Revenues & Volume, By Snorkeling, 2018 - 2027F |
6.1.7 Nigeria Water Sports Equipment Market Revenues & Volume, By Kite Boarding, 2018 - 2027F |
6.1.8 Nigeria Water Sports Equipment Market Revenues & Volume, By Canoeing & Kayaking, 2018 - 2027F |
6.1.9 Nigeria Water Sports Equipment Market Revenues & Volume, By Parasailing, 2018 - 2027F |
6.1.10 Nigeria Water Sports Equipment Market Revenues & Volume, By Parasailing, 2018 - 2027F |
6.2 Nigeria Water Sports Equipment Market, By Age |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Water Sports Equipment Market Revenues & Volume, By 18-30 Years, 2018 - 2027F |
6.2.3 Nigeria Water Sports Equipment Market Revenues & Volume, By 31-50 Years, 2018 - 2027F |
6.2.4 Nigeria Water Sports Equipment Market Revenues & Volume, By Under 18 Years, 2018 - 2027F |
6.2.5 Nigeria Water Sports Equipment Market Revenues & Volume, By Above 50 Years, 2018 - 2027F |
6.3 Nigeria Water Sports Equipment Market, By Gender |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Water Sports Equipment Market Revenues & Volume, By Male, 2018 - 2027F |
6.3.3 Nigeria Water Sports Equipment Market Revenues & Volume, By Female, 2018 - 2027F |
7 Nigeria Water Sports Equipment Market Import-Export Trade Statistics |
7.1 Nigeria Water Sports Equipment Market Export to Major Countries |
7.2 Nigeria Water Sports Equipment Market Imports from Major Countries |
8 Nigeria Water Sports Equipment Market Key Performance Indicators |
9 Nigeria Water Sports Equipment Market - Opportunity Assessment |
9.1 Nigeria Water Sports Equipment Market Opportunity Assessment, By Water Sports Type, 2021 & 2031F |
9.2 Nigeria Water Sports Equipment Market Opportunity Assessment, By Age, 2021 & 2031F |
9.3 Nigeria Water Sports Equipment Market Opportunity Assessment, By Gender, 2021 & 2031F |
10 Nigeria Water Sports Equipment Market - Competitive Landscape |
10.1 Nigeria Water Sports Equipment Market Revenue Share, By Companies, 2021 |
10.2 Nigeria Water Sports Equipment 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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