Price for Household or Laundry-Type Washing Machine in Nigeria - 2022
Contents:
- Price for Household or Laundry-Type Washing Machine in Nigeria (CIF) - 2022
- Price for Household or Laundry-Type Washing Machine in Nigeria (FOB) - 2022
- Imports of Household or Laundry-Type Washing Machine in Nigeria
- Exports of Household or Laundry-Type Washing Machine in Nigeria
Price for Household or Laundry-Type Washing Machine in Nigeria (CIF) - 2022
In 2021, the average import price for household or laundry-type washing machines amounted to $222 per unit, picking up by 12% against the previous year. In general, the import price continues to indicate a notable increase. The most prominent rate of growth was recorded in 2014 an increase of 114%. As a result, import price attained the peak level of $424 per unit. From 2015 to 2021, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($412 per unit), while the price for China ($150 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Household or Laundry-Type Washing Machine in Nigeria (FOB) - 2022
The average export price for household or laundry-type washing machines stood at $238 per unit in 2021, waning by -30.7% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 148% against the previous year. The export price peaked at $602 per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Guinea.
From 2012 to 2021, the rate of growth in terms of prices for Niger amounted to +52.5% per year.
Imports of Household or Laundry-Type Washing Machine in Nigeria
In 2022, supplies from abroad of household or laundry-type washing machines was finally on the rise to reach 159K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a deep setback. Over the period under review, imports attained the maximum at 272K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, household or laundry-type washing machine imports totaled $32M in 2022. In general, imports, however, showed a abrupt downturn. Imports peaked at $51M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Household or Laundry-Type Washing Machine in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 23.1 | 13.9 | 21.6 | -3.3% | |
| Thailand | 2.2 | 2.1 | 2.3 | 2.2% | |
| India | 2.3 | 1.8 | 1.8 | -11.5% | |
| South Korea | 1.7 | 0.8 | 1.2 | -16.0% | |
| Vietnam | 0.5 | 0.7 | 1.0 | 41.4% | |
| Others | 20.7 | 18.4 | 0.7 | -81.6% | |
| Total | 50.5 | 37.6 | 28.6 | -24.7% | |
Top Suppliers of Household or Laundry-Type Washing Machine to Nigeria in 2022:
- China (144.1K units)
- Thailand (11.6K units)
- India (8.6K units)
- South Korea (6.3K units)
- Vietnam (3.9K units)
Exports of Household or Laundry-Type Washing Machine in Nigeria
In 2022, the amount of household or laundry-type washing machines exported from Nigeria skyrocketed to 17 units, jumping by 70% compared with the previous year's figure. In general, exports, however, saw a abrupt decrease. Over the period under review, the exports hit record highs at 24 units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
In value terms, household or laundry-type washing machine exports skyrocketed to $5.3K in 2022. Overall, exports, however, faced a precipitous descent. Over the period under review, the exports reached the maximum at $12K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Household or Laundry-Type Washing Machine in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Guinea | N/A | N/A | 2.4 | 0% | |
| Burkina Faso | N/A | 2.6 | N/A | 0% | |
| Niger | 2.3 | 2.9 | N/A | 26.1% | |
| Belgium | 2.8 | N/A | N/A | 0% | |
| Sweden | 0.4 | N/A | N/A | 0% | |
| France | 0.4 | N/A | N/A | 0% | |
| Cote d'Ivoire | 1.8 | 2.1 | N/A | 16.7% | |
| Others | 4.4 | 0.6 | N/A | -86.4% | |
| Total | 12.0 | 8.2 | 2.4 | -55.3% | |
Top Export Markets for Household or Laundry-Type Washing Machine from Nigeria in 2022:
- Guinea (9.0 units)
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