Nigeria - Electronic Integrated Circuits and Microassemblies - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingElectronic Chip Price in Nigeria - 2022
Contents:
- Electronic Chip Price in Nigeria (CIF) - 2022
- Electronic Chip Price in Nigeria (FOB) - 2022
- Electronic Chip Imports in Nigeria
- Electronic Chip Exports in Nigeria
Electronic Chip Price in Nigeria (CIF) - 2022
In June 2022, the average electronic chip import price amounted to $6.7 per thousand units, stabilizing at the previous month. Overall, the import price, however, saw a prominent increase. The growth pace was the most rapid in January 2022 an increase of 144% month-to-month. As a result, import price attained the peak level of $13.2 per thousand units. From February 2022 to June 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2021 to June 2022, the rate of growth in terms of prices for China amounted to +6.5% per month.
Electronic Chip Price in Nigeria (FOB) - 2022
In 2022, the average electronic chip export price amounted to less than $0.1 per unit, with a decrease of -4% against the previous year. In general, the export price saw a abrupt contraction. The growth pace was the most rapid in 2016 when the average export price increased by 535%. Over the period under review, the average export prices attained the maximum at $0.5 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Angola amounted to +12.3% per year.
Electronic Chip Imports in Nigeria
In 2022, supplies from abroad of electronic chips decreased by -57.6% to 376M units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 97%. As a result, imports reached the peak of 887M units, and then contracted rapidly in the following year.
In value terms, electronic chip imports contracted rapidly to $50M in 2022. Overall, imports, however, showed noticeable growth. The growth pace was the most rapid in 2020 with an increase of 115%. As a result, imports attained the peak of $92M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Electronic Chip in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.1 | 61.7 | 41.4 | 32.9 | 26.9% |
| Singapore | 10.4 | 14.4 | 4.5 | 7.2 | -11.5% |
| France | 7.4 | 11.1 | 5.4 | 2.9 | -26.8% |
| India | 2.0 | 0.7 | 0.2 | 0.8 | -26.3% |
| United Kingdom | 1.0 | 0.8 | 8.8 | 0.5 | -20.6% |
| United States | 0.8 | 1.2 | 0.8 | 0.3 | -27.9% |
| Malaysia | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Others | 5.0 | 2.3 | 4.0 | 5.0 | 0.0% |
| Total | 43.1 | 92.5 | 65.2 | 49.7 | 4.9% |
Top Suppliers of Electronic Chip to Nigeria in 2022:
- China (268.6M units)
- France (28.0M units)
- Malaysia (17.3M units)
- United States (13.6M units)
- India (8.5M units)
- United Kingdom (6.4M units)
- Singapore (6.3M units)
Electronic Chip Exports in Nigeria
Electronic chip exports from Nigeria soared to 12M units in 2022, picking up by 150% compared with 2021. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 1,139% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, electronic chip exports soared to $160K in 2022. Overall, exports, however, continue to indicate a sharp shrinkage. Over the period under review, the exports attained the peak figure at $397K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electronic Chip in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.6 | 1.7 | 0.6 | 153 | 534.1% |
| Cote d'Ivoire | 47.9 | 47.7 | 37.1 | N/A | -12.0% |
| Kenya | 338 | N/A | N/A | N/A | 0% |
| Others | 10.5 | 43.9 | 28.9 | 6.2 | -16.1% |
| Total | 397 | 93.3 | 66.6 | 160 | -26.1% |
Top Export Markets for Electronic Chip from Nigeria in 2022:
- Germany (11.6M units)
This report provides an in-depth analysis of the electronic chip 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 26113003 - Multichip integrated circuits: processors and controllers, w hether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
- Prodcom 26113006 - Electronic integrated circuits (excluding multichip circuits): processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
- Prodcom 26113023 - Multichip integrated circuits: memories
- Prodcom 26113027 - Electronic integrated circuits (excluding multichip circuits): dynamic random-access memories (D-RAMs)
- Prodcom 26113034 - Electronic integrated circuits (excluding multichip circuits): static random-access memories (S-RAMs), including cache random-access memories (cache-RAMs)
- Prodcom 26113054 - Electronic integrated circuits (excluding multichip circuits): UV erasable, programmable, read only memories (EPROMs)
- Prodcom 26113065 - Electronic integrated circuits (excluding multichip circuits): electrically erasable, programmable, read only memories (E.PROMs), including flash E.PROMs
- Prodcom 26113067 - Electronic integrated circuits (excluding multichip circuits): other memories
- Prodcom 26113080 - Electronic integrated circuits: amplifiers
- Prodcom 26113091 - Other multichip integrated circuits n.e.c.
- Prodcom 26113094 - Other electronic integrated circuits 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
960
This report provides an in-depth analysis of the electronic chip market in Nigeria.
351
This report provides an in-depth analysis of the multichip integrated circuits market in Nigeria.
297
This report provides an in-depth analysis of the memories market in Nigeria.
3730
This report provides an in-depth analysis of the global electronic chip market.
409
Global Multichip Integrated Circuits Market Report 2018. This report provides an in-depth analysis of the global multichip integrated circuits market.
478
This report provides an in-depth analysis of the global memories market.
960
This report provides an in-depth analysis of the electronic chip market in Nigeria.
351
This report provides an in-depth analysis of the multichip integrated circuits market in Nigeria.
297
This report provides an in-depth analysis of the memories market in Nigeria.
3730
This report provides an in-depth analysis of the global electronic chip market.
289
Explore the top 10 countries in terms of import value of electronic chips and their significance in the global market. Get key statistics and numbers on the world's best import markets for electronic chips.
1094
Global demand for semiconductor chips continues to outpace supply, mainly driven by increasing procurement from both the consumer electronics sector and automobile sector in 2021, catching major semiconductor foundries TSMC and Samsung off-guard. In response, many major Asian chip manufacturers have hiked their prices by up to 20% this year. While both TSMC and Samsung have pledged to increase production capacity, market players project the chip shortfall to persist until 2022/2023.
8594
In 2016, approx. X tons of integrated circuit were imported worldwide- increasing by X% against the previous year figure. Overall, integrated circuit imports continue to indicate a relatively fla...
390
Explore the top import markets for memories worldwide, including China, Hong Kong SAR, Taiwan (Chinese), South Korea, Singapore, Malaysia, Vietnam, Japan, India, and the United States. Learn about key statistics and trends in the memory storage industry.
289
Explore the top 10 countries in terms of import value of electronic chips and their significance in the global market. Get key statistics and numbers on the world's best import markets for electronic chips.
1094
Global demand for semiconductor chips continues to outpace supply, mainly driven by increasing procurement from both the consumer electronics sector and automobile sector in 2021, catching major semiconductor foundries TSMC and Samsung off-guard. In response, many major Asian chip manufacturers have hiked their prices by up to 20% this year. While both TSMC and Samsung have pledged to increase production capacity, market players project the chip shortfall to persist until 2022/2023.
8594
In 2016, approx. X tons of integrated circuit were imported worldwide- increasing by X% against the previous year figure. Overall, integrated circuit imports continue to indicate a relatively fla...
390
Explore the top import markets for memories worldwide, including China, Hong Kong SAR, Taiwan (Chinese), South Korea, Singapore, Malaysia, Vietnam, Japan, India, and the United States. Learn about key statistics and trends in the memory storage industry.
