Nigeria - Electrical Or Battery Operated Lighting Or Visual Signalling For Bicycles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBicycle Lighting Price in Nigeria - 2022
Contents:
- Bicycle Lighting Price in Nigeria (CIF) - 2022
- Bicycle Lighting Price in Nigeria (FOB) - 2022
- Bicycle Lighting Imports in Nigeria
- Bicycle Lighting Exports in Nigeria
Bicycle Lighting Price in Nigeria (CIF) - 2022
In 2022, the average bicycle lighting import price amounted to $1.3 per unit, dropping by -38.1% against the previous year. In general, the import price showed a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 83% against the previous year. The import price peaked at $7.9 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -5.0% per year.
Bicycle Lighting Price in Nigeria (FOB) - 2022
In 2022, the average bicycle lighting export price amounted to $4.9 per unit, waning by -34.7% against the previous year. Overall, the export price, however, saw measured growth. The most prominent rate of growth was recorded in 2017 an increase of 36%. The export price peaked at $9.7 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to +21.5% per year.
Bicycle Lighting Imports in Nigeria
In 2022, after three years of growth, there was significant decline in supplies from abroad of electrical or battery operated lighting or visual signalling for bicycles, when their volume decreased by -12.3% to 153K units. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 85%. Imports peaked at 174K units in 2021, and then declined in the following year.
In value terms, bicycle lighting imports contracted significantly to $205K in 2022. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. As a result, imports attained the peak of $438K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Bicycle Lighting in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.1 | 0.6 | N/A | 205 | 1170.3% |
| China | 207 | 180 | 63.5 | N/A | -44.6% |
| India | 98.0 | 171 | 304 | N/A | 76.1% |
| Taiwan (Chinese) | 39.3 | 19.7 | 5.8 | N/A | -61.6% |
| Italy | N/A | 51.4 | N/A | N/A | 0% |
| Others | 19.4 | 15.9 | 4.6 | N/A | -51.3% |
| Total | 364 | 438 | 378 | 205 | -17.4% |
Top Suppliers of Bicycle Lighting to Nigeria in 2022:
- United Arab Emirates (152.9K units)
Bicycle Lighting Exports in Nigeria
In 2022, approx. 616 units of electrical or battery operated lighting or visual signalling for bicycles were exported from Nigeria; jumping by 73% on the previous year. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, bicycle lighting exports expanded markedly to $3K in 2022. Overall, exports, however, showed a abrupt decrease. The exports peaked at $4.1K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Bicycle Lighting in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | N/A | N/A | 1.9 | 2.9 | 52.6% |
| Benin | 0.4 | 3.4 | N/A | N/A | 750.0% |
| Senegal | N/A | N/A | 0.7 | N/A | 0% |
| Sao Tome and Principe | 2.5 | N/A | N/A | N/A | 0% |
| Ghana | 1.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 4.1 | 3.4 | 2.7 | 3.0 | -9.9% |
Top Export Markets for Bicycle Lighting from Nigeria in 2022:
- Niger (613.0 units)
This report provides an in-depth analysis of the bicycle lighting 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 29312310 - Electrical or battery operated lighting or visual signalling of a kind used on bicycles
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
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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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