Nigeria - Ballasts For Discharge Lamps Or Tubes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Ballast for Discharge Lamp in Nigeria - 2022
Contents:
- Price for Ballast for Discharge Lamp in Nigeria (CIF) - 2022
- Price for Ballast for Discharge Lamp in Nigeria (FOB) - 2022
- Imports of Ballast for Discharge Lamp in Nigeria
- Exports of Ballast for Discharge Lamp in Nigeria
Price for Ballast for Discharge Lamp in Nigeria (CIF) - 2022
The average ballast for discharge lamp import price stood at $20.5 per unit in June 2022, with an increase of 849% against the previous month. In general, the import price recorded a significant increase. The most prominent rate of growth was recorded in January 2022 an increase of 1,064% month-to-month. Over the period under review, average import prices hit record highs in June 2022.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2021 to June 2022, the rate of growth in terms of prices for China amounted to +38.3% per month.
Price for Ballast for Discharge Lamp in Nigeria (FOB) - 2022
In 2022, the average ballast for discharge lamp export price amounted to $45 per unit, picking up by 22% against the previous year. Overall, the export price showed a strong expansion. The pace of growth appeared the most rapid in 2017 an increase of 96% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($629 per unit), while the average price for exports to Niger ($3.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ballast for Discharge Lamp in Nigeria
In 2022, approx. 240K units of ballasts for discharge lamps or tubes were imported into Nigeria; with an increase of 1.6% compared with the year before. In general, imports, however, faced a significant decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 2.2% against the previous year. As a result, imports reached the peak of 2.9M units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, ballast for discharge lamp imports contracted dramatically to $3.9M in 2022. Over the period under review, imports, however, showed a precipitous decline. The most prominent rate of growth was recorded in 2020 when imports increased by 5% against the previous year. As a result, imports reached the peak of $36M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Ballast for Discharge Lamp in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 31.0 | 32.5 | 3.3 | 2.6 | -56.2% |
| Israel | 0.4 | 0.4 | 0.4 | 0.4 | 0.0% |
| Thailand | 0.1 | 0.4 | 0.3 | 0.2 | 26.0% |
| United Arab Emirates | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| United States | 1.1 | 0.4 | N/A | N/A | -63.6% |
| Others | 1.8 | 2.4 | 0.7 | 0.6 | -30.7% |
| Total | 34.5 | 36.2 | 4.8 | 3.9 | -51.6% |
Top Suppliers of Ballast for Discharge Lamp to Nigeria in 2022:
- China (199.1K units)
- United Arab Emirates (15.8K units)
- Israel (8.4K units)
- Thailand (4.3K units)
- United States (0.2K units)
Exports of Ballast for Discharge Lamp in Nigeria
In 2022, after three years of growth, there was significant decline in overseas shipments of ballasts for discharge lamps or tubes, when their volume decreased by -55.7% to 943 units. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 631% against the previous year. As a result, the exports reached the peak of 2.1K units, and then dropped notably in the following year.
In value terms, ballast for discharge lamp exports reduced remarkably to $43K in 2022. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,179% against the previous year. As a result, the exports reached the peak of $79K, and then shrank rapidly in the following year.
| Export of Ballast for Discharge Lamp in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | 30.5 | 15.7 | -48.5% |
| China | 5.6 | 3.8 | 13.2 | 8.9 | 16.7% |
| Germany | 1.2 | 0.7 | 2.1 | 1.2 | 0.0% |
| Ghana | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Niger | 0.2 | 0.1 | 0.3 | 0.1 | -20.6% |
| Benin | 0.1 | 0.3 | 0.6 | 0.1 | 0.0% |
| Cote d'Ivoire | N/A | 0.4 | N/A | N/A | 0% |
| Others | 1.0 | 0.9 | 32.8 | 16.7 | 155.6% |
| Total | 8.3 | 6.2 | 79.5 | 42.9 | 72.9% |
Top Export Markets for Ballast for Discharge Lamp from Nigeria in 2022:
- China (733.0 units)
- Niger (26.0 units)
- Germany (25.0 units)
- Spain (25.0 units)
- Ghana (15.0 units)
- Benin (9.0 units)
This report provides an in-depth analysis of the market for ballast for discharge lamp in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27115013 - Inductors for discharge lamps or tubes
- Prodcom 27115015 - Ballasts for discharge lamps or tubes (excluding inductors)
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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