Price for Shavers; with Self-Contained Electric Motor in Nigeria - 2022

Contents:

  1. Price for Shavers; with Self-Contained Electric Motor in Nigeria (CIF) - 2022
  2. Price for Shavers; with Self-Contained Electric Motor in Nigeria (FOB) - 2022
  3. Imports of Shavers; with Self-Contained Electric Motor in Nigeria
  4. Exports of Shavers; with Self-Contained Electric Motor in Nigeria

Price for Shavers; with Self-Contained Electric Motor in Nigeria (CIF) - 2022

The average import price for shavers; with self-contained electric motors stood at $78 per unit in 2022, rising by 206% against the previous year. Over the period under review, the import price recorded resilient growth. As a result, import price reached 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 the United Arab Emirates ($75 per unit), while the price for Poland ($16 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Shavers; with Self-Contained Electric Motor in Nigeria (FOB) - 2022

The average export price for shavers; with self-contained electric motors stood at $24 per unit in 2022, growing by 14% against the previous year. In general, the export price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 23% against the previous year. As a result, the export price reached the peak level of $33 per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($24 per unit), while the average price for exports to South Africa ($1.6 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 Angola (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shavers; with Self-Contained Electric Motor in Nigeria

In 2022, approx. 1.5K units of shavers; with self-contained electric motors were imported into Nigeria; with a decrease of -16.2% on 2021. In general, imports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 571%. Over the period under review, imports reached the maximum at 6K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, shavers; with self-contained electric motor imports skyrocketed to $117K in 2022. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 582% against the previous year. Over the period under review, imports reached the maximum at $145K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Shavers; with Self-Contained Electric Motor in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates51.92.111.236.7-10.9%
China62.60.19.829.0-22.6%
Singapore8.50.95.521.235.6%
Italy5.00.53.111.933.5%
Poland4.71.31.911.434.4%
United States2.20.30.82.88.4%
Others10.51.513.33.8-28.7%
Total1456.745.6117-6.9%

Top Suppliers of Shavers; with Self-Contained Electric Motor to Nigeria in 2022:

  1. Poland (710.0 units)
  2. United Arab Emirates (486.0 units)
  3. China (469.0 units)
  4. Italy (316.0 units)
  5. Singapore (289.0 units)
  6. United States (45.0 units)

Exports of Shavers; with Self-Contained Electric Motor in Nigeria

In 2022, after two years of decline, there was significant growth in overseas shipments of shavers; with self-contained electric motors, when their volume increased by 100% to 2 units. In general, exports, however, faced a significant curtailment. Over the period under review, the exports attained the peak figure at 13 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, shavers; with self-contained electric motor exports soared to $48 in 2022. Over the period under review, exports, however, recorded a significant contraction. The exports peaked at $430 in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Shavers; with Self-Contained Electric Motor in Nigeria (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Angola35971.021.046.0-49.6%
Benin4.01.0N/A1.0-37.0%
Cote d'Ivoire43.0N/AN/AN/A0%
Ghana11.01.0N/AN/A-90.9%
Others13.02.0N/A1.0-57.5%
Total43075.021.048.0-51.9%

Top Export Markets for Shavers; with Self-Contained Electric Motor from Nigeria in 2022:

  1. Angola (2.0 units)
  2. Benin (1.0 units)

Source: IndexBox Market Intelligence Platform

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