Amplifiers; Audio-Frequency Electric Price in Nigeria - 2022
Contents:
- Amplifiers; Audio-Frequency Electric Price in Nigeria (CIF) - 2022
- Amplifiers; Audio-Frequency Electric Price in Nigeria (FOB) - 2022
- Amplifiers; Audio-Frequency Electric Imports in Nigeria
- Amplifiers; Audio-Frequency Electric Exports in Nigeria
Amplifiers; Audio-Frequency Electric Price in Nigeria (CIF) - 2022
In 2022, the average amplifiers; audio-frequency electric import price amounted to $7.7 per unit, waning by -43.2% against the previous year. In general, the import price, however, posted a measured increase. The most prominent rate of growth was recorded in 2013 an increase of 110% against the previous year. Over the period under review, average import prices hit record highs at $24 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
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 South Africa ($75 per unit), while the price for Lithuania ($1.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Amplifiers; Audio-Frequency Electric Price in Nigeria (FOB) - 2022
In 2022, the average amplifiers; audio-frequency electric export price amounted to $484 per unit, jumping by 28% against the previous year. Over the period under review, the export price saw a notable increase. The most prominent rate of growth was recorded in 2019 an increase of 74% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Ghana.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +199.7% per year.
Amplifiers; Audio-Frequency Electric Imports in Nigeria
In 2022, approx. 94K units of amplifiers; audio-frequency electrics were imported into Nigeria; increasing by 214% on the previous year. In general, imports, however, continue to indicate a abrupt decline. Imports peaked at 180K units in 2020; however, from 2021 to 2022, imports remained at a lower figure.
In value terms, amplifiers; audio-frequency electric imports soared to $720K in 2022. Over the period under review, imports, however, showed a significant contraction. Imports peaked at $1.6M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Amplifiers; Audio-Frequency Electric in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 477 | 719 | 59.2 | 305 | -13.8% |
| United States | 464 | 95.5 | 39.8 | 164 | -29.3% |
| India | 377 | 102 | 73.4 | 38.8 | -53.1% |
| South Korea | 100 | 63.6 | 8.0 | 5.4 | -62.2% |
| Lithuania | N/A | N/A | N/A | 2.3 | 0% |
| Others | 189 | 284 | 223 | 204 | 2.6% |
| Total | 1,608 | 1,264 | 403 | 720 | -23.5% |
Top Suppliers of Amplifiers; Audio-Frequency Electric to Nigeria in 2022:
- China (75.0K units)
- India (5.9K units)
- United States (3.9K units)
- South Korea (2.2K units)
- Lithuania (1.5K units)
Amplifiers; Audio-Frequency Electric Exports in Nigeria
In 2022, the amount of amplifiers; audio-frequency electrics exported from Nigeria reduced dramatically to 2 units, waning by -93.3% compared with the year before. In general, exports faced a dramatic curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 15% against the previous year. Over the period under review, the exports attained the peak figure at 43 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, amplifiers; audio-frequency electric exports dropped sharply to $967 in 2022. Over the period under review, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. The exports peaked at $20K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Amplifiers; Audio-Frequency Electric in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 0.8 | N/A | N/A | 1.0 | 7.7% |
| Benin | 1.5 | 0.6 | 4.6 | N/A | 75.1% |
| Cote d'Ivoire | 0.8 | 2.7 | 2.6 | N/A | 80.3% |
| Cameroon | 1.7 | N/A | N/A | N/A | 0% |
| Gabon | 1.6 | N/A | N/A | N/A | 0% |
| Zimbabwe | N/A | N/A | N/A | N/A | 0% |
| United States | N/A | 2.4 | N/A | N/A | 0% |
| France | 3.1 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 0.9 | N/A | 0% |
| Angola | 4.6 | 0.5 | N/A | N/A | -89.1% |
| Israel | 1.0 | N/A | N/A | N/A | 0% |
| Others | 4.4 | 2.0 | 3.2 | N/A | -14.7% |
| Total | 19.5 | 8.3 | 11.3 | 1.0 | -62.8% |
Top Export Markets for Amplifiers; Audio-Frequency Electric from Nigeria in 2022:
- Ghana (2.0 units)
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