Price for Optical Media; Recorded, Excluding Products of Chapter 37 in Nigeria - 2022
Contents:
- Price for Optical Media; Recorded, Excluding Products of Chapter 37 in Nigeria (CIF) - 2022
- Price for Optical Media; Recorded, Excluding Products of Chapter 37 in Nigeria (FOB) - 2022
- Imports of Optical Media; Recorded, Excluding Products of Chapter 37 in Nigeria
- Exports of Optical Media; Recorded, Excluding Products of Chapter 37 in Nigeria
Price for Optical Media; Recorded, Excluding Products of Chapter 37 in Nigeria (CIF) - 2022
In 2022, the average import price for optical media; recorded, excluding products of chapter 37s amounted to $50 per unit, increasing by 21% against the previous year. Over the period from 2015 to 2022, it increased at an average annual rate of +2.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Czech Republic ($62 per unit), while the price for Denmark ($21 per unit) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+61.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Optical Media; Recorded, Excluding Products of Chapter 37 in Nigeria (FOB) - 2022
In 2022, the average export price for optical media; recorded, excluding products of chapter 37s amounted to $19 per unit, picking up by 33% against the previous year. Over the period under review, the export price recorded a resilient expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 1,544% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($26 per unit), while the average price for exports to Belgium ($1.3 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 the Netherlands (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Optical Media; Recorded, Excluding Products of Chapter 37 in Nigeria
In 2022, supplies from abroad of optical media; recorded, excluding products of chapter 37s decreased by -34.7% to 16K units, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a sharp reduction. The pace of growth was the most pronounced in 2020 when imports increased by 20%. As a result, imports attained the peak of 38K units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of optical media; recorded, excluding products of chapter 37s fell remarkably to $788K in 2022. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 3.8%. As a result, imports attained the peak of $1.5M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Optical Media; Recorded, Excluding Products of Chapter 37 in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 282 | 281 | 255 | 224 | -7.4% |
| Germany | 263 | 250 | 107 | 166 | -14.2% |
| Denmark | N/A | 0.3 | 0.2 | 66.2 | 1385.5% |
| United States | 90.2 | 355 | 91.6 | 62.4 | -11.6% |
| Singapore | 101 | 162 | 43.9 | 57.2 | -17.3% |
| United Kingdom | 13.4 | 23.0 | 78.8 | 38.1 | 41.7% |
| China | 347 | 118 | 2.8 | 23.6 | -59.2% |
| Italy | 20.8 | 3.2 | 22.7 | 20.2 | -1.0% |
| Czech Republic | 7.3 | 3.5 | 12.8 | 19.6 | 39.0% |
| Finland | 3.4 | 1.3 | 15.1 | 15.7 | 66.5% |
| Bahrain | 54.6 | 37.0 | 146 | 14.9 | -35.1% |
| Thailand | 7.0 | 8.8 | 10.1 | 14.2 | 26.6% |
| Netherlands | 24.1 | 89.2 | 23.7 | 2.4 | -53.6% |
| Others | 188 | 122 | 184 | 64.1 | -30.1% |
| Total | 1,401 | 1,455 | 994 | 788 | -17.5% |
Top Suppliers of Optical Media; Recorded, Excluding Products of Chapter 37 to Nigeria in 2022:
- Croatia (3.9K units)
- Denmark (3.1K units)
- Germany (2.9K units)
- United States (1.1K units)
- Singapore (1.0K units)
- United Kingdom (0.7K units)
- Italy (0.4K units)
- China (0.4K units)
- Bahrain (0.3K units)
- Czech Republic (0.3K units)
- Finland (0.3K units)
- Thailand (0.3K units)
Exports of Optical Media; Recorded, Excluding Products of Chapter 37 in Nigeria
In 2022, the amount of optical media; recorded, excluding products of chapter 37s exported from Nigeria soared to 4.6K units, jumping by 50% against the previous year's figure. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 4,507% against the previous year. As a result, the exports reached the peak of 116K units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of optical media; recorded, excluding products of chapter 37s skyrocketed to $88K in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 138%. As a result, the exports attained the peak of $101K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Optical Media; Recorded, Excluding Products of Chapter 37 in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | N/A | N/A | 0.1 | 53.7 | 53600.0% |
| Cote d'Ivoire | 30.4 | 18.0 | 24.3 | 24.1 | -7.4% |
| Germany | 0.6 | 1.2 | 3.0 | 2.0 | 49.4% |
| Belgium | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Hong Kong SAR | N/A | 73.5 | N/A | N/A | 0% |
| Others | 11.2 | 8.4 | 16.3 | 7.9 | -11.0% |
| Total | 42.4 | 101 | 43.8 | 87.7 | 27.4% |
Top Export Markets for Optical Media; Recorded, Excluding Products of Chapter 37 from Nigeria in 2022:
- Ghana (2095.0 units)
- Cote d'Ivoire (1731.0 units)
- Germany (451.0 units)
- Belgium (83.0 units)
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