Nigeria - Amplifiers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAmplifier Price in Nigeria - 2022
Contents:
- Amplifier Price in Nigeria (CIF) - 2022
- Amplifier Price in Nigeria (FOB) - 2022
- Amplifier Imports in Nigeria
- Amplifier Exports in Nigeria
Amplifier Price in Nigeria (CIF) - 2022
The average amplifier import price stood at $68 per unit in 2022, falling by -41.6% against the previous year. In general, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 69%. Over the period under review, average import prices attained the maximum at $245 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($99 per unit), while the price for China ($58 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced a decline.
Amplifier Price in Nigeria (FOB) - 2022
The average amplifier export price stood at $820 per unit in 2022, growing by 130% against the previous year. Overall, the export price continues to indicate strong growth. Over the period under review, the average export prices reached the peak figure at $951 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($1,353 per unit), while the average price for exports to France ($6 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 Niger (+54.9%), while the prices for the other major destinations experienced more modest paces of growth.
Amplifier Imports in Nigeria
In 2022, the amount of amplifiers imported into Nigeria soared to 58K units, increasing by 151% compared with 2021 figures. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, amplifier imports soared to $3.9M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Amplifier in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 527 | 934 | 182 | 3,192 | 82.3% |
| Italy | 36.8 | 4.6 | 16.1 | 130 | 52.3% |
| India | 754 | 245 | 1,638 | 36.8 | -63.5% |
| South Korea | 167 | 81.5 | 11.7 | 18.2 | -52.2% |
| Others | 1,652 | 1,105 | 819 | 533 | -31.4% |
| Total | 3,137 | 2,370 | 2,666 | 3,909 | 7.6% |
Top Suppliers of Amplifier to Nigeria in 2022:
- China (55.0K units)
- Italy (1.3K units)
- India (0.4K units)
- South Korea (0.2K units)
Amplifier Exports in Nigeria
In 2022, approx. 68 units of amplifiers were exported from Nigeria; jumping by 26% against the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 43%. As a result, the exports attained the peak of 97 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, amplifier exports skyrocketed to $56K in 2022. In general, exports, however, showed a mild decrease. Over the period under review, the exports attained the maximum at $92K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
| Export of Amplifier in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 35.0 | 49.3 | 8.4 | 32.5 | -2.4% |
| Niger | 5.8 | 11.2 | 2.4 | 12.7 | 29.9% |
| Netherlands | 2.5 | 1.5 | 1.6 | 1.5 | -15.7% |
| Ghana | 0.9 | 1.1 | 0.4 | 1.0 | 3.6% |
| Cote d'Ivoire | 0.4 | 1.2 | 0.8 | 1.0 | 35.7% |
| Cameroon | 0.8 | 0.7 | 0.7 | 0.9 | 4.0% |
| Angola | 2.4 | 0.4 | N/A | 0.7 | -33.7% |
| United States | 0.6 | 1.4 | 0.1 | 0.6 | 0.0% |
| Benin | 0.8 | 0.3 | 1.3 | 0.6 | -9.1% |
| South Africa | 1.0 | 0.5 | 0.3 | 0.4 | -26.3% |
| Uganda | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| France | 1.3 | 10.8 | 0.1 | N/A | -72.3% |
| Sao Tome and Principe | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Others | 5.9 | 13.8 | 3.1 | 3.8 | -13.6% |
| Total | 57.5 | 92.3 | 19.3 | 55.8 | -1.0% |
Top Export Markets for Amplifier from Nigeria in 2022:
- United Kingdom (24.0 units)
- Niger (10.0 units)
- Netherlands (3.0 units)
- Cameroon (3.0 units)
- Cote d'Ivoire (3.0 units)
- Ghana (2.0 units)
- Sao Tome and Principe (2.0 units)
- Angola (2.0 units)
- South Africa (2.0 units)
- Uganda (2.0 units)
- Benin (2.0 units)
- United States (1.0 units)
- France (1.0 units)
This report provides an in-depth analysis of the amplifier market 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 26404355 - Telephonic and measurement amplifiers (excluding high or intermediate frequency amplifiers)
- Prodcom 26404359 - Audio-frequency electric amplifiers (including hi-fi amplifiers) (excluding high or intermediate frequency amplifiers, t elephonic and measurement amplifiers)
- Prodcom 26404370 - Electric sound amplifier sets (including public address systems with microphone and speaker)
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.
-
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
-
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
-
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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