Report Update: Apr 1, 2024

Nigeria - Flat Panel Video Monitor, Lcd Or Plasma - Market Analysis, Forecast, Size, Trends And Insights

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LCDs and Plasmas Price in Nigeria - 2022

LCDs and Plasmas Price in Nigeria (CIF) - 2022

The average LCDs and plasmas import price stood at $231 per unit in 2022, waning by -12% against the previous year. In general, the import price saw a noticeable reduction. The pace of growth was the most pronounced in 2019 when the average import price increased by 109%. The import price peaked at $333 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 Germany ($2,325 per unit), while the price for France ($50 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+38.6%), while the prices for the other major suppliers experienced more modest paces of growth.

LCDs and Plasmas Price in Nigeria (FOB) - 2022

In 2022, the average LCDs and plasmas export price amounted to $252 per unit, waning by -24.6% against the previous year. Over the period under review, the export price showed a deep setback. The most prominent rate of growth was recorded in 2016 an increase of 85% against the previous year. As a result, the export price attained the peak level of $1,007 per unit. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($573 per unit), while the average price for exports to Benin ($42 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 Switzerland (+23.0%), while the prices for the other major destinations experienced a decline.

LCDs and Plasmas Imports in Nigeria

In 2022, supplies from abroad of flat panel video monitor, lcd or plasma decreased by -5% to 7.9K units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 7.6% against the previous year. Over the period under review, imports attained the peak figure at 8.4K units in 2021, and then contracted slightly in the following year.

In value terms, LCDs and plasmas imports reduced remarkably to $1.8M in 2022. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 1.2% against the previous year. Imports peaked at $2.3M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of LCDs and Plasmas in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	469	553	807	1,512	47.7%
United Kingdom	233	36.6	61.5	25.8	-52.0%
France	82.9	224	82.5	25.7	-32.3%
Singapore	2.5	3.7	7.2	16.0	85.7%
India	526	3.0	8.5	4.1	-80.2%
Others	1,009	1,352	1,232	255	-36.8%
Total	2,322	2,172	2,199	1,838	-7.5%

Top Suppliers of LCDs and Plasmas to Nigeria in 2022:

India (undefinedK units)
United Kingdom (undefinedK units)
China (6.7K units)
France (0.5K units)
Singapore (0.2K units)

LCDs and Plasmas Exports in Nigeria

In 2022, approx. 201 units of flat panel video monitor, lcd or plasma were exported from Nigeria; growing by 105% on the previous year's figure. Over the period under review, exports posted a buoyant increase. The exports peaked at 202 units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, LCDs and plasmas exports soared to $51K in 2022. In general, exports saw prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 130% against the previous year. As a result, the exports reached the peak of $69K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of LCDs and Plasmas in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	12.9	21.5	11.1	16.0	7.4%
Cote d'Ivoire	4.6	14.1	7.4	10.8	32.9%
Netherlands	0.7	2.0	2.0	9.9	141.8%
South Africa	0.6	0.1	1.2	2.2	54.2%
Ghana	1.6	2.7	1.4	2.1	9.5%
Switzerland	0.5	0.9	0.6	1.0	26.0%
Benin	0.9	3.2	0.1	N/A	-66.7%
China	0.2	N/A	N/A	N/A	0%
Others	7.8	24.1	9.0	8.6	3.3%
Total	29.8	68.6	32.8	50.7	19.4%

Top Export Markets for LCDs and Plasmas from Nigeria in 2022:

Netherlands (85.0 units)
Cote d'Ivoire (46.0 units)
United States (28.0 units)
Ghana (10.0 units)
South Africa (9.0 units)
Switzerland (5.0 units)
Benin (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the lcds and plasmas 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 26403460 - Flat panel video monitor, LCD or plasma, etc., without tuner (colour video monitors) (excluding with cathode-ray tube)

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023