Nigeria - Inductors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInductor Price in Nigeria - 2022
Contents:
- Inductor Price in Nigeria (CIF) - 2022
- Inductor Price in Nigeria (FOB) - 2022
- Inductor Imports in Nigeria
- Inductor Exports in Nigeria
Inductor Price in Nigeria (CIF) - 2022
The average inductor import price stood at less than $0.1 per unit in 2022, rising by 4.1% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 an increase of 100% against the previous year. Over the period under review, average import prices attained the peak figure at $0.2 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($0.1 per unit), while the price for the United States (less than $0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.5%), while the prices for the other major suppliers experienced a decline.
Inductor Price in Nigeria (FOB) - 2022
The average inductor export price stood at $0.6 per unit in 2022, surging by 6.7% against the previous year. Overall, the export price continues to indicate strong growth. The growth pace was the most rapid in 2017 an increase of 196% against the previous year. Over the period under review, the average export prices hit record highs at $0.7 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($6 per unit), while the average price for exports to Sao Tome and Principe ($0.1 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 the UK (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.
Inductor Imports in Nigeria
In 2022, overseas purchases of inductors decreased by -65.8% to 54M units, falling for the second year in a row after two years of growth. Overall, imports saw a dramatic decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 6.5%. As a result, imports reached the peak of 605M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, inductor imports shrank markedly to $1.3M in 2022. In general, imports recorded a dramatic contraction. The smallest decline of -35.2% was in 2020. Over the period under review, imports attained the maximum at $25M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Inductor in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.9 | 13.6 | 1.9 | 0.3 | -75.3% |
| Turkey | 0.1 | 0.4 | 0.2 | 0.1 | 0.0% |
| India | 2.0 | 0.9 | 0.6 | 0.1 | -63.2% |
| Hong Kong SAR | 0.6 | 0.1 | 0.1 | N/A | -59.2% |
| New Zealand | N/A | N/A | N/A | N/A | 0% |
| United States | 0.8 | N/A | N/A | N/A | 0% |
| Others | 1.1 | 0.8 | 0.9 | 0.7 | -14.0% |
| Total | 24.5 | 15.9 | 3.7 | 1.3 | -62.4% |
Top Suppliers of Inductor to Nigeria in 2022:
- China (26.6M units)
- Turkey (9.0M units)
- United States (1.9M units)
- New Zealand (1.0M units)
- Hong Kong SAR (0.9M units)
- India (0.8M units)
Inductor Exports in Nigeria
Inductor exports from Nigeria fell rapidly to 5.7K units in 2022, which is down by -26.5% against 2021 figures. Over the period under review, exports saw a sharp descent. The pace of growth was the most pronounced in 2021 when exports increased by 89%. Over the period under review, the exports hit record highs at 39K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, inductor exports dropped remarkably to $3.7K in 2022. In general, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 76%. Over the period under review, the exports attained the peak figure at $25K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Inductor in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7,590 | 1,125 | 1,448 | 1,171 | -46.4% |
| United Kingdom | 3,858 | 671 | 1,012 | 960 | -37.1% |
| Cote d'Ivoire | 3,281 | 242 | 631 | 631 | -42.3% |
| Sao Tome and Principe | 312 | 67.0 | 126 | 148 | -22.0% |
| Benin | 211 | 49.0 | 126 | 124 | -16.2% |
| Niger | 57.0 | 4.0 | 90.0 | 88.0 | 15.6% |
| Zambia | 58.0 | 51.0 | 80.0 | 79.0 | 10.8% |
| Sweden | 2,205 | 230 | 208 | 69.0 | -68.5% |
| Others | 7,498 | 231 | 976 | 414 | -61.9% |
| Total | 25,070 | 2,670 | 4,697 | 3,684 | -47.2% |
Top Export Markets for Inductor from Nigeria in 2022:
- Sao Tome and Principe (2278.0 units)
- Benin (1571.0 units)
- Germany (686.0 units)
- Niger (425.0 units)
- United Kingdom (161.0 units)
- Cote d'Ivoire (161.0 units)
- Zambia (120.0 units)
- Sweden (91.0 units)
This report provides an in-depth analysis of the inductor 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 27115080 - Inductors (excluding induction coils, deflection coils for cathode-ray tubes, for discharge lamps and tubes)
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
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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
-
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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