Nigeria - Plastic Parts For Lamps And Lighting Fittings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLamp Plastic Parts Price in Nigeria - 2022
Contents:
- Lamp Plastic Parts Price in Nigeria (CIF) - 2022
- Lamp Plastic Parts Price in Nigeria (FOB) - 2022
- Lamp Plastic Parts Imports in Nigeria
- Lamp Plastic Parts Exports in Nigeria
Lamp Plastic Parts Price in Nigeria (CIF) - 2022
In 2022, the average lamp plastic parts import price amounted to $3,234 per ton, falling by -33.9% against the previous year. In general, the import price recorded a pronounced decline. The most prominent rate of growth was recorded in 2013 an increase of 64% against the previous year. The import price peaked at $8,186 per ton in 2015; however, from 2016 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 Hong Kong SAR ($6,990 per ton), while the price for Saudi Arabia ($289 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Lamp Plastic Parts Price in Nigeria (FOB) - 2022
In 2022, the average lamp plastic parts export price amounted to $4,702 per ton, which is down by -26.3% against the previous year. In general, the export price, however, recorded a slight increase. The growth pace was the most rapid in 2014 when the average export price increased by 537%. As a result, the export price reached the peak level of $20,618 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($7,127 per ton), while the average price for exports to Benin ($320 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guinea (+36.9%), while the prices for the other major destinations experienced mixed trend patterns.
Lamp Plastic Parts Imports in Nigeria
In 2022, approx. 196 tons of plastic parts for lamps and lighting fittings were imported into Nigeria; increasing by 291% against the previous year. Overall, imports posted resilient growth.
In value terms, lamp plastic parts imports soared to $634K in 2022. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 186%. As a result, imports reached the peak of $1M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Lamp Plastic Parts in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 94.5 | 747 | 112 | 377 | 58.6% |
Saudi Arabia | 21.2 | 48.5 | 9.9 | 33.9 | 16.9% |
Hong Kong SAR | 15.6 | 35.8 | 7.9 | 26.6 | 19.5% |
Malaysia | 94.7 | N/A | N/A | N/A | 0% |
Others | 131 | 190 | 116 | 196 | 14.4% |
Total | 357 | 1,022 | 245 | 634 | 21.1% |
Top Suppliers of Lamp Plastic Parts to Nigeria in 2022:
- Saudi Arabia (117.2 tons)
- China (66.6 tons)
- Hong Kong SAR (3.8 tons)
Lamp Plastic Parts Exports in Nigeria
In 2022, after two years of decline, there was significant growth in shipments abroad of plastic parts for lamps and lighting fittings, when their volume increased by 200% to 18 kg. In general, exports, however, recorded a abrupt shrinkage.
In value terms, lamp plastic parts exports surged to $83 in 2022. Over the period under review, exports, however, saw a sharp setback.
Export of Lamp Plastic Parts in Nigeria (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ghana | 185 | 121 | 34.0 | 77.0 | -25.3% |
Niger | 7.0 | 4.0 | 1.0 | 2.0 | -34.1% |
Benin | 12.0 | 4.0 | N/A | 2.0 | -45.0% |
Others | 21.0 | 1.0 | 1.0 | 2.0 | -54.3% |
Total | 225 | 130 | 36.0 | 83.0 | -28.3% |
Top Export Markets for Lamp Plastic Parts from Nigeria in 2022:
- Ghana (11.0 kg)
- Benin (6.0 kg)
- Niger (1.0 kg)
This report provides an in-depth analysis of the lamp plastic parts 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 22292400 - Plastic parts for lamps, lighting fittings and illuminated signs and name-plates
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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