Duplicating Machines Price in Nigeria - 2022
Contents:
Duplicating Machines Price in Nigeria (CIF) - 2022
The average duplicating machines import price stood at $507 per unit in 2022, growing by 34% against the previous year. In general, the import price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2015 an increase of 77% against the previous year. As a result, import price attained the peak level of $2,346 per unit. From 2016 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($3,316 per unit), while the price for Italy ($66 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+21.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Duplicating Machines Imports in Nigeria
After three years of growth, purchases abroad of duplicating machineses decreased by -68.4% to 77 units in 2022. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 596% against the previous year. Over the period under review, imports attained the peak figure at 244 units in 2021, and then dropped rapidly in the following year.
In value terms, duplicating machines imports reduced dramatically to $39K in 2022. Over the period under review, imports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 1,070%. As a result, imports attained the peak of $187K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Duplicating Machines in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.7 | 77.6 | 13.7 | 9.0 | 5.3% |
| India | N/A | 0.1 | 16.0 | 7.7 | 777.5% |
| Japan | 3.0 | 52.2 | 21.8 | 7.5 | 35.7% |
| Hong Kong SAR | 0.5 | 10.3 | 8.0 | 3.9 | 98.3% |
| Italy | 0.9 | 10.6 | 6.6 | 3.2 | 52.6% |
| France | N/A | N/A | N/A | N/A | 0% |
| Others | 3.6 | 35.7 | 26.6 | 7.5 | 27.7% |
| Total | 15.9 | 187 | 92.6 | 38.9 | 34.7% |
Top Suppliers of Duplicating Machines to Nigeria in 2022:
- Italy (48.0 units)
- India (15.0 units)
- China (4.0 units)
- Japan (2.0 units)
- Hong Kong SAR (2.0 units)
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