Price for Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Nigeria - 2023
Contents:
- Price for Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Nigeria (CIF) - 2022
- Price for Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Nigeria (FOB) - 2022
- Imports of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Nigeria
- Exports of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Nigeria
Price for Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Nigeria (CIF) - 2022
The average import price for cameras, photographic (excluding cinematographic); parts and accessorieses stood at $1.5 per unit in 2022, increasing by 86% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 108%. The import price peaked at $5.3 per unit in 2012; however, from 2013 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 the Netherlands ($8.6 per unit), while the price for South Africa ($0.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Nigeria (FOB) - 2022
The average export price for cameras, photographic (excluding cinematographic); parts and accessorieses stood at $17 per unit in 2022, declining by -34.8% against the previous year. Over the period under review, the export price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2015 an increase of 290% against the previous year. Over the period under review, the average export prices hit record highs at $78 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($27 per unit), while the average price for exports to Ireland ($4 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 Benin (+75.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Nigeria
Imports of cameras, photographic (excluding cinematographic); parts and accessorieses into Nigeria soared to 149K units in 2022, growing by 186% on the previous year's figure. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 685%. As a result, imports reached the peak of 438K units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of cameras, photographic (excluding cinematographic); parts and accessorieses skyrocketed to $220K in 2022. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 767%. As a result, imports reached the peak of $822K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.2 | 105 | 17.2 | 103 | 75.1% |
| United States | 34.7 | 67.1 | 13.0 | 38.6 | 3.6% |
| Turkey | N/A | N/A | N/A | 28.9 | 0% |
| Italy | 4.2 | N/A | 0.6 | 22.6 | 75.2% |
| Singapore | N/A | N/A | N/A | 10.9 | 0% |
| United Kingdom | 6.4 | 1.1 | 3.2 | 8.1 | 8.2% |
| Netherlands | 0.2 | 625 | 0.4 | 1.2 | 81.7% |
| Hong Kong SAR | 3.3 | 4.4 | 1.2 | N/A | -39.7% |
| Others | 26.8 | 19.4 | 5.7 | 6.9 | -36.4% |
| Total | 94.9 | 822 | 41.3 | 220 | 32.3% |
Top Suppliers of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories to Nigeria in 2022:
- China (112.3K units)
- Italy (9.3K units)
- Singapore (7.4K units)
- Turkey (5.9K units)
- United States (4.9K units)
- United Kingdom (3.5K units)
- Netherlands (0.1K units)
Exports of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Nigeria
In 2022, exports of cameras, photographic (excluding cinematographic); parts and accessorieses from Nigeria dropped notably to 110 units, reducing by -59.1% compared with the previous year. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 3,743%. As a result, the exports attained the peak of 269 units, and then shrank sharply in the following year.
In value terms, exports of cameras, photographic (excluding cinematographic); parts and accessorieses contracted significantly to $1.9K in 2022. Overall, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 2,512%. As a result, the exports attained the peak of $7.1K, and then shrank dramatically in the following year.
| Export of Cameras, Photographic (Excluding Cinematographic); Parts and Accessories in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,293 | N/A | 5,838 | 760 | -16.2% |
| Norway | N/A | N/A | N/A | 575 | 0% |
| Botswana | N/A | N/A | N/A | 260 | 0% |
| South Africa | N/A | N/A | N/A | 231 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 22.0 | 0% |
| Benin | N/A | N/A | 672 | 18.0 | -97.3% |
| Ireland | N/A | N/A | N/A | 16.0 | 0% |
| Cote d'Ivoire | 295 | 271 | 358 | N/A | 10.2% |
| Others | N/A | N/A | 211 | 4.0 | -98.1% |
| Total | 1,588 | 271 | 7,079 | 1,886 | 5.9% |
Top Export Markets for Cameras, Photographic (Excluding Cinematographic); Parts and Accessories from Nigeria in 2022:
- Botswana (39.0 units)
- Netherlands (28.0 units)
- Norway (21.0 units)
- South Africa (13.0 units)
- Ireland (4.0 units)
- United Arab Emirates (2.0 units)
- Benin (2.0 units)
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