Since its first outfit in 2017, Nigeria International Auto Parts Exhibition (AutoEquip) has become an international and professional event for international and influential international automotive documents in West Africa with the strong support of the national Nigerian Auto Parts Products, the Chamber of Commerce of Lagos, the government of the state of Lagos and the Nigerian federal government.
Automatic equipment in 2024 attracted 10 217 professional audiences to the scene, from 24 countries and regions, including Ghana, Benin, Kenya, Niger, Germany, the Netherlands, Japan. Among them, nearly 100 Chinese exhibitors come from 13 provinces and cities, including Zhejiang, Guangdong, Jiangsu, Hebei, Shandong, Shanghai, Henan, Fujian and Hunan. During the exhibition, the acting consul general of the Chinese consulate general in Lagos, the president of the Lagos Chamber of Commerce and the representatives of the government of the State of Lagos attended the series of opening activities, demonstrating the high attention of all the parties to the exhibition.
The exhibition organizing committee has succeeded in promoting hundreds of commercial negotiations by specially invited importers of Nigeria and neighboring countries to participate in the B2B pairing activity, and a large number of exhibitors have reached intentions of cooperation and signed on -site contracts, by obtaining good commercial and commercial results.
In order to improve the visibility and influence of the exhibition, Auto Equip has implemented a complete promotion strategy. In terms of local consumer media, he announced in the main newspapers of the Nigeria “The Sun” and “The Punch”, etc.; At the same time, we have actively invited the Lagos Chamber of Commerce and Industry, as well as the national associations of the national Nigerian automotive parts industry, such as the association of spare and machine automobile concessionaires, the Resident Automotive Componets Concesss Association, etc. To help promote the exhibition. In addition, it also creates more commercial opportunities for exhibitors and buyers thanks to targeted value-added advertising, at the invitation of point-to-point buyers, a pre-registration network appraisal to exhibitors, B2B pairing on site, etc.
It should be mentioned that the Lagos International Show (Litf) which took place at the same time as the automatic equipment has a longer history. Litf exhibitors come from more than 20 countries, including Africa, Europe, America, Asia, etc., with an exhibition area of 50,000 square meters, and the public comes mainly from ECOWAS countries. Auto Equip fully uses the advantages of Litf resources, achieves the sharing of buyers, advertising and other resources, and further expands the influence and the commercial value of the exhibition.
Introduction of the Nigeria market
Large market size
As a giant of the economy and the population of Africa, the population of Nigeria reached 227 million in 2024, representing a sixth of the total population of Africa. The country’s middle class size exceeds 38 million. The political situation in Nigeria is relatively stable, creating a relaxed commercial environment, and is friendly with the Chinese, and has consumer groups covering different levels of low, medium and high. In the field of transport, the development of rail transport in Nigeria is lagging behind, with more than 80% of the transport of goods and passenger trips based on motorways, making it a crucial market for the consumption of passengers and freight and spare parts in Africa. Coupled with the rich petroleum resources and a huge population base, the market potential of the automotive and motorcycle industries is extremely enormous.
Solid purchasing power
As a member of the Organization of Petroleum Exporting Countries (OPEC), Nigeria ranks first in Africa in oil reserves and production, and is also one of the five largest exporters of liquefied natural gas in the world, with solid payment capacities. The growing population and the gradually increased economic force offer a solid guarantee for the purchasing power and the consumption capacity of Nigeria.
Strong radiation capacity
As a major city in Nigeria, Lagos has more than 20 million inhabitants, and its maritime commercial volume represents 70% of the total region of West Africa. Lagos has a strong influence on neighboring countries and is an important gateway for China to West Africa.
Low industrial foundation
The manufacturing industry of Nigeria is relatively low and is still in the early stages of industrialization. 90% of the country’s goods depend on imports and belong to a typical consumer market.
Narrow bilateral trade relations
In 2023, the bilateral volume between China and Nigeria reached 22.56 billion US dollars. Nigeria is the largest export market in China, the second trading partner, the largest contractual engineering market and the main investment destination in Africa.
Lower import prices
Nigerian customs imposes only a 5% rate on vehicles imported with bulk parts, and the price on automotive parts is also at a low level.
The popular used car market
In Nigeria, most imported vehicles are used, including Japanese, European and American vehicles occupy the dominant current.
