Nigeria - Instruments Using Optical Radiations - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOptical Radiation Instruments Price in Nigeria - 2022
Contents:
- Optical Radiation Instruments Price in Nigeria (CIF) - 2022
- Optical Radiation Instruments Price in Nigeria (FOB) - 2022
- Optical Radiation Instruments Imports in Nigeria
- Optical Radiation Instruments Exports in Nigeria
Optical Radiation Instruments Price in Nigeria (CIF) - 2022
In 2022, the average optical radiation instruments import price amounted to $119 per unit, with an increase of 20% against the previous year. Overall, the import price, however, faced a abrupt decrease. The import price peaked at $1,030 per unit in 2012; however, from 2013 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 the UK ($474 per unit), while the price for Hong Kong SAR ($31 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Optical Radiation Instruments Price in Nigeria (FOB) - 2022
The average optical radiation instruments export price stood at $261 per unit in 2022, which is down by -62.6% against the previous year. Over the period under review, the export price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 96% against the previous year. The export price peaked at $699 per unit in 2021, and then fell rapidly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($1,876 per unit), while the average price for exports to the UK ($123 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 Italy (+39.6%), while the prices for the other major destinations experienced more modest paces of growth.
Optical Radiation Instruments Imports in Nigeria
In 2022, optical radiation instruments imports into Nigeria soared to 82K units, with an increase of 63% on 2021 figures. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, optical radiation instruments imports skyrocketed to $9.7M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +7.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Optical Radiation Instruments in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 968 | 2,231 | 641 | 2,143 | 30.3% |
China | 153 | 328 | 202 | 894 | 80.1% |
United Kingdom | 361 | 218 | 139 | 564 | 16.0% |
United Arab Emirates | 621 | 1,104 | 5.6 | 478 | -8.4% |
United States | 441 | 742 | 211 | 247 | -17.6% |
Netherlands | 25.0 | 436 | 107 | 182 | 93.8% |
France | 142 | 28.5 | 67.6 | 112 | -7.6% |
Luxembourg | 93.5 | 101 | 72.6 | 103 | 3.3% |
Belgium | 69.6 | 4.0 | 45.3 | 96.3 | 11.4% |
Hong Kong SAR | 9.3 | 8.1 | 14.9 | 57.8 | 83.9% |
Georgia | N/A | N/A | 20.5 | N/A | 0% |
Others | 4,839 | 3,974 | 3,419 | 4,805 | -0.2% |
Total | 7,723 | 9,175 | 4,946 | 9,683 | 7.8% |
Top Suppliers of Optical Radiation Instruments to Nigeria in 2022:
- Germany (24.4K units)
- China (11.3K units)
- Netherlands (2.3K units)
- Hong Kong SAR (1.9K units)
- United Kingdom (1.2K units)
- United Arab Emirates (1.1K units)
- United States (1.0K units)
- Luxembourg (0.8K units)
- France (0.8K units)
- Belgium (0.8K units)
Optical Radiation Instruments Exports in Nigeria
In 2022, overseas shipments of instruments using optical radiations increased by 135% to 430 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a notable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, optical radiation instruments exports declined to $112K in 2022. In general, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 32%. The exports peaked at $161K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Optical Radiation Instruments in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 3.3 | 3.6 | 1.5 | 41.0 | 131.6% |
Italy | 40.4 | 38.9 | 45.9 | 35.7 | -4.0% |
Netherlands | 38.8 | 24.4 | 2.9 | 14.3 | -28.3% |
United States | 10.7 | 9.1 | 10.7 | 7.4 | -11.6% |
South Africa | 0.5 | 1.0 | 7.3 | 5.0 | 115.4% |
Cote d'Ivoire | 9.4 | 2.9 | 4.5 | 3.6 | -27.4% |
Germany | 2.1 | 6.0 | 14.9 | 0.8 | -27.5% |
Uganda | N/A | 2.7 | N/A | N/A | 0% |
India | 8.4 | N/A | 19.9 | N/A | 53.9% |
Others | 47.7 | 8.1 | 20.4 | 4.4 | -54.8% |
Total | 161 | 96.8 | 128 | 112 | -11.4% |
Top Export Markets for Optical Radiation Instruments from Nigeria in 2022:
- United Kingdom (335.0 units)
- Netherlands (21.0 units)
- Italy (19.0 units)
- United States (14.0 units)
- South Africa (12.0 units)
- Cote d'Ivoire (9.0 units)
- Germany (3.0 units)
This report provides an in-depth analysis of the optical radiation instruments 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 26515350 - Instruments and apparatus using optical radiations, 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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