Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Nigeria - 2022
Contents:
- Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Nigeria (CIF) - 2022
- Imports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Nigeria
Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Nigeria (CIF) - 2022
The average import price for clock movements; complete and assembled, other than battery, accumulator or mains powereds stood at $106 per unit in 2022, surging by 2,020% against the previous year. In general, the import price saw significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($24 per unit), while the price for the UK amounted to $4.7 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Nigeria
In 2022, imports of clock movements; complete and assembled, other than battery, accumulator or mains powereds into Nigeria shrank dramatically to 923 units, reducing by -62.7% compared with the previous year. In general, imports, however, saw measured growth. The pace of growth appeared the most rapid in 2021 with an increase of 1,108% against the previous year. As a result, imports attained the peak of 2.5K units, and then declined dramatically in the following year.
In value terms, imports of clock movements; complete and assembled, other than battery, accumulator or mains powereds surged to $98K in 2022. Overall, imports, however, recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.7 | 0.2 | N/A | 19.4 | 42.5% |
| United Kingdom | 0.3 | 0.2 | 0.4 | 0.6 | 26.0% |
| Spain | N/A | N/A | 1.9 | N/A | 0% |
| Germany | 0.3 | N/A | 1.1 | N/A | 91.5% |
| India | 1.9 | 2.9 | 8.4 | N/A | 110.3% |
| Others | N/A | 0.1 | 0.6 | 78.2 | 2696.4% |
| Total | 9.2 | 3.4 | 12.4 | 98.2 | 120.2% |
Top Suppliers of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered to Nigeria in 2022:
- China (805.0 units)
- United Kingdom (118.0 units)
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