Nigeria - Direction Finding Compasses - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDirection Finding Compass Price in Nigeria - 2022
Contents:
- Direction Finding Compass Price in Nigeria (CIF) - 2022
- Direction Finding Compass Price in Nigeria (FOB) - 2022
- Direction Finding Compass Imports in Nigeria
- Direction Finding Compass Exports in Nigeria
Direction Finding Compass Price in Nigeria (CIF) - 2022
In 2022, the average direction finding compass import price amounted to $17 per unit, declining by -57.8% against the previous year. Over the period under review, the import price, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 289% against the previous year. As a result, import price reached the peak level of $45 per unit. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($131,471 per unit), while the price for South Africa ($1.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+136.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Direction Finding Compass Price in Nigeria (FOB) - 2022
The average direction finding compass export price stood at $7.4 per unit in 2022, shrinking by -4.4% against the previous year. Over the period under review, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices reached the peak figure at $35 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($949 per unit), while the average price for exports to the UK ($30 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 Germany (+36.9%), while the prices for the other major destinations experienced mixed trend patterns.
Direction Finding Compass Imports in Nigeria
In 2022, purchases abroad of direction finding compasses increased by 156% to 11K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a dramatic decline. Over the period under review, imports attained the maximum at 27K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, direction finding compass imports expanded notably to $197K in 2022. In general, imports, however, continue to indicate a deep reduction. Over the period under review, imports hit record highs at $293K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Direction Finding Compass in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 6.3 | 4.5 | 0.9 | 1.5 | -38.0% |
Others | 287 | 279 | 181 | 196 | -11.9% |
Total | 293 | 284 | 182 | 197 | -12.4% |
Top Suppliers of Direction Finding Compass to Nigeria in 2022:
- South Africa (0.9K units)
Direction Finding Compass Exports in Nigeria
In 2022, direction finding compass exports from Nigeria declined significantly to 2.1K units, shrinking by -32.2% against the previous year. Overall, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 181% against the previous year. Over the period under review, the exports hit record highs at 3.8K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, direction finding compass exports plummeted to $15K in 2022. In general, exports showed a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 237% against the previous year. The exports peaked at $34K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Direction Finding Compass in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 57.8 | 13.9 | 9.4 | 14.2 | -37.4% |
Belgium | N/A | N/A | N/A | 10.8 | 0% |
Germany | 0.1 | 12.6 | 1.1 | 0.2 | 26.0% |
United Kingdom | 8.4 | 10.7 | 0.8 | 0.1 | -77.2% |
Others | -31.9 | -30.3 | 12.3 | -10.0 | -32.1% |
Total | 34.3 | 7.0 | 23.6 | 15.3 | -23.6% |
Top Export Markets for Direction Finding Compass from Nigeria in 2022:
- Netherlands (225.0 units)
- Belgium (11.0 units)
- United Kingdom (5.0 units)
- Germany (5.0 units)
This report provides an in-depth analysis of the direction finding compass 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 26511120 - Direction finding compasses (including magnetic, gyroscopic, b innacle and position finding)
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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