Nigeria - Electrical Apparatus For Sound Or Visual Signalling - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectrical Signalling Apparatus Price in Nigeria - 2022
Contents:
- Electrical Signalling Apparatus Price in Nigeria (CIF) - 2022
- Electrical Signalling Apparatus Price in Nigeria (FOB) - 2022
- Electrical Signalling Apparatus Imports in Nigeria
- Electrical Signalling Apparatus Exports in Nigeria
Electrical Signalling Apparatus Price in Nigeria (CIF) - 2022
The average electrical signalling apparatus import price stood at $1.4 per unit in 2022, dropping by -53.8% against the previous year. In general, the import price saw a deep setback. The pace of growth was the most pronounced in 2016 an increase of 115%. The import price peaked at $6.8 per unit in 2019; however, from 2020 to 2022, import prices remained at a 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 the United States ($6.6 per unit), while the price for China ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.1%), while the prices for the other major suppliers experienced a decline.
Electrical Signalling Apparatus Price in Nigeria (FOB) - 2022
In 2022, the average electrical signalling apparatus export price amounted to $4.4 per unit, which is down by -8.4% against the previous year. Overall, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2020 an increase of 91%. The export price peaked at $10 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 France ($35 per unit), while the average price for exports to Benin ($0.2 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 France (+44.4%), while the prices for the other major destinations experienced more modest paces of growth.
Electrical Signalling Apparatus Imports in Nigeria
Electrical signalling apparatus imports into Nigeria shrank sharply to 240K units in 2022, declining by -54.4% on 2021. Over the period under review, imports showed a dramatic contraction. The smallest decline of -1% was in 2020. Over the period under review, imports attained the peak figure at 1.3M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, electrical signalling apparatus imports contracted markedly to $329K in 2022. In general, imports saw a dramatic decline. The smallest decline of -15.7% was in 2020. Imports peaked at $8.5M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Electrical Signalling Apparatus in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,068 | 3,696 | 159 | 80.9 | -66.1% |
| United Kingdom | 868 | 316 | 39.1 | 58.7 | -59.3% |
| China | 352 | 387 | 132 | 48.5 | -48.4% |
| Poland | 4.6 | 126 | 179 | 32.2 | 91.3% |
| South Africa | 15.9 | 12.5 | 20.4 | 27.5 | 20.0% |
| France | 72.3 | 190 | 18.2 | 14.3 | -41.7% |
| Germany | 1,812 | 235 | 168 | 11.4 | -81.5% |
| Turkey | 13.4 | 4.3 | 19.9 | 6.9 | -19.8% |
| Italy | 156 | 1,703 | 620 | 4.3 | -69.8% |
| Netherlands | 153 | 15.9 | 1.3 | 3.4 | -71.9% |
| Spain | 297 | 1.2 | 4.2 | 1.3 | -83.6% |
| Belgium | 1,060 | 279 | 44.1 | 0.2 | -94.3% |
| Others | 1,674 | 236 | 157 | 39.2 | -71.4% |
| Total | 8,546 | 7,201 | 1,562 | 329 | -66.2% |
Top Suppliers of Electrical Signalling Apparatus to Nigeria in 2022:
- Belgium (undefinedK units)
- China (131.1K units)
- South Africa (29.3K units)
- United Kingdom (28.0K units)
- United States (12.3K units)
- France (11.2K units)
- Turkey (7.1K units)
- Poland (6.8K units)
- Netherlands (2.4K units)
- Germany (0.6K units)
- Spain (0.5K units)
- Italy (0.4K units)
Electrical Signalling Apparatus Exports in Nigeria
In 2022, overseas shipments of electrical apparatus for sound or visual signalling were finally on the rise to reach 6.9K units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a drastic downturn. The exports peaked at 11K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, electrical signalling apparatus exports soared to $30K in 2022. Overall, exports saw a relatively flat trend pattern. The exports peaked at $38K in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
| Export of Electrical Signalling Apparatus in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 10.4 | 14.2 | 9.8 | 20.7 | 25.8% |
| Cote d'Ivoire | 5.7 | 7.7 | 3.6 | 3.5 | -15.0% |
| Germany | 6.7 | 6.6 | 3.2 | 3.3 | -21.0% |
| Italy | 2.1 | 2.2 | 1.2 | 1.3 | -14.8% |
| France | 1.4 | 2.6 | 0.6 | 0.6 | -24.6% |
| United States | 2.4 | 1.8 | 0.7 | 0.6 | -37.0% |
| Benin | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Angola | 0.5 | 0.2 | N/A | 0.1 | -41.5% |
| Niger | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Burkina Faso | N/A | N/A | 2.8 | N/A | 0% |
| Austria | N/A | 1.7 | N/A | N/A | 0% |
| South Africa | 0.1 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.3 | 1.1 | 0.1 | -37.0% |
| Total | 30.0 | 37.5 | 23.3 | 30.4 | 0.4% |
Top Export Markets for Electrical Signalling Apparatus from Nigeria in 2022:
- Netherlands (3805.0 units)
- Benin (1285.0 units)
- Angola (548.0 units)
- Cote d'Ivoire (396.0 units)
- Italy (367.0 units)
- South Africa (186.0 units)
- United States (100.0 units)
- Germany (85.0 units)
- Niger (77.0 units)
- France (16.0 units)
This report provides an in-depth analysis of the electrical signalling apparatus 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 27902080 - Electrical apparatus for sound or visual signalling, n.e.c.
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
-
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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