Price for Clock Movements; Complete and Assembled, Electrically Operated in Nigeria - 2022
Contents:
- Price for Clock Movements; Complete and Assembled, Electrically Operated in Nigeria (CIF) - 2022
- Imports of Clock Movements; Complete and Assembled, Electrically Operated in Nigeria
Price for Clock Movements; Complete and Assembled, Electrically Operated in Nigeria (CIF) - 2022
In 2022, the average import price for clock movements; complete and assembled, electrically operateds amounted to $3.7 per unit, which is down by -48.4% against the previous year. Overall, the import price, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 268%. As a result, import price reached the peak level of $7.1 per unit, and then fell notably in the following year.
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 Turkey ($21 per unit), while the price for China stood at $2.4 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Clock Movements; Complete and Assembled, Electrically Operated in Nigeria
In 2022, the amount of clock movements; complete and assembled, electrically operateds imported into Nigeria declined to 7.8K units, reducing by -8.8% compared with the previous year. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 2,095% against the previous year. As a result, imports attained the peak of 8.5K units, and then reduced in the following year.
In value terms, imports of clock movements; complete and assembled, electrically operateds shrank markedly to $28K in 2022. Overall, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 7,970% against the previous year. As a result, imports attained the peak of $60K, and then contracted remarkably in the following year.
| Import of Clock Movements; Complete and Assembled, Electrically Operated in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.0 | 0.6 | 11.4 | 17.8 | 161.1% |
| Turkey | 2.0 | 0.1 | 4.6 | 10.2 | 72.1% |
| United Arab Emirates | N/A | N/A | 41.9 | N/A | 0% |
| Others | 4.9 | 0.1 | 2.5 | 0.4 | -56.6% |
| Total | 7.9 | 0.7 | 60.4 | 28.4 | 53.2% |
Top Suppliers of Clock Movements; Complete and Assembled, Electrically Operated to Nigeria in 2022:
- China (7.3K units)
- Turkey (0.5K units)
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