Price for Non-Keyboard Electrical Musical Instruments in Nigeria - 2022
Contents:
- Price for Non-Keyboard Electrical Musical Instruments in Nigeria (CIF) - 2022
- Imports of Non-Keyboard Electrical Musical Instruments in Nigeria
Price for Non-Keyboard Electrical Musical Instruments in Nigeria (CIF) - 2022
In 2022, the average non-keyboard electrical musical instruments import price amounted to $428 per unit, with an increase of 3.5% against the previous year. Overall, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of 120%. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($440 per unit) and the Netherlands ($434 per unit), while the price for the United Arab Emirates ($392 per unit) and Kenya ($416 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+159.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Non-Keyboard Electrical Musical Instruments in Nigeria
For the third consecutive year, Nigeria recorded decline in supplies from abroad of non-keyboard electrical musical instrumentses, which decreased by -48.6% to 507 units in 2022. Overall, imports continue to indicate a significant curtailment. The smallest decline of -41.6% was in 2020. Over the period under review, imports attained the maximum at 3.3K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, non-keyboard electrical musical instruments imports dropped remarkably to $217K in 2022. In general, imports continue to indicate a sharp shrinkage. The smallest decline of -34.1% was in 2020. Imports peaked at $1M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Non-Keyboard Electrical Musical Instruments in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 169 | 11.4 | 186 | 77.5 | -22.9% |
| China | 745 | 544 | 91.8 | 76.7 | -53.1% |
| Germany | 0.6 | 1.2 | 1.4 | 24.9 | 246.2% |
| Italy | 0.6 | N/A | 6.7 | 6.6 | 122.4% |
| Netherlands | 17.9 | 1.4 | 1.3 | 6.5 | -28.7% |
| Kenya | N/A | N/A | N/A | 6.2 | 0% |
| South Africa | 10.5 | 6.2 | 0.2 | 5.9 | -17.5% |
| United Arab Emirates | 46.4 | 78.3 | 108 | 1.2 | -70.4% |
| Others | 13.8 | 18.5 | 12.1 | 11.3 | -6.4% |
| Total | 1,003 | 661 | 407 | 217 | -40.0% |
Top Suppliers of Non-Keyboard Electrical Musical Instruments to Nigeria in 2022:
- United States (180.0 units)
- China (179.0 units)
- Germany (58.0 units)
- Netherlands (15.0 units)
- Italy (15.0 units)
- Kenya (15.0 units)
- South Africa (14.0 units)
- United Arab Emirates (3.0 units)
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This report provides an in-depth analysis of the electrical musical instrument market in Nigeria.
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This report provides an in-depth analysis of the global electrical musical instrument market.
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This report provides an in-depth analysis of the electrical musical instrument market in Nigeria.
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This report provides an in-depth analysis of the global electrical musical instrument market.
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Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
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Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
