Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Nigeria - 2022
Contents:
- Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Nigeria (CIF) - 2022
- Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Nigeria (FOB) - 2022
- Imports of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Nigeria
- Exports of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Nigeria
Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Nigeria (CIF) - 2022
The average import price for video recording or reproducing apparatus; other than magnetic tape-types stood at $97 per unit in 2022, growing by 32% against the previous year. In general, the import price, however, recorded a pronounced reduction. Over the period under review, average import prices hit record highs at $128 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($432 per unit), while the price for the United Arab Emirates ($72 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Nigeria (FOB) - 2022
The average export price for video recording or reproducing apparatus; other than magnetic tape-types stood at $151 per unit in 2022, falling by -10% against the previous year. Over the period under review, the export price, however, recorded a significant expansion. The export price peaked at $168 per unit in 2021, and then shrank in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($282 per unit), while the average price for exports to the Netherlands ($2 per unit) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+178.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Nigeria
In 2022, imports of video recording or reproducing apparatus; other than magnetic tape-types into Nigeria shrank slightly to 34K units, leveling off at the year before. In general, imports showed a deep slump. Imports peaked at 65K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of video recording or reproducing apparatus; other than magnetic tape-types skyrocketed to $3.3M in 2022. Over the period under review, imports faced a abrupt curtailment. Imports peaked at $4.7M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,164 | 702 | 647 | 1,274 | 3.1% |
| United Arab Emirates | 538 | 927 | 749 | 311 | -16.7% |
| Italy | 67.5 | 42.6 | 52.9 | 222 | 48.7% |
| South Korea | 13.6 | 4.5 | 16.6 | 205 | 147.0% |
| China | 1,537 | 1,408 | 359 | 199 | -49.4% |
| Hong Kong SAR | 397 | 570 | 360 | 183 | -22.8% |
| Netherlands | 40.5 | 55.6 | 24.9 | 177 | 63.5% |
| Belgium | 150 | 25.2 | 30.7 | 133 | -3.9% |
| Germany | 321 | 62.7 | 12.6 | 102 | -31.8% |
| United Kingdom | 276 | 47.2 | 60.2 | 57.8 | -40.6% |
| Others | 166 | 611 | 173 | 403 | 34.4% |
| Total | 4,669 | 4,455 | 2,485 | 3,268 | -11.2% |
Top Suppliers of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type to Nigeria in 2022:
- United States (13.0K units)
- United Arab Emirates (4.3K units)
- Italy (2.3K units)
- South Korea (2.1K units)
- China (2.0K units)
- Hong Kong SAR (1.9K units)
- Netherlands (1.8K units)
- Belgium (1.4K units)
- Germany (1.0K units)
- United Kingdom (0.1K units)
Exports of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Nigeria
In 2022, exports of video recording or reproducing apparatus; other than magnetic tape-types from Nigeria reduced rapidly to 15 units, waning by -44.4% against the year before. In general, exports continue to indicate a precipitous decline. The exports peaked at 27 units in 2021, and then reduced sharply in the following year.
In value terms, exports of video recording or reproducing apparatus; other than magnetic tape-types declined rapidly to $2.3K in 2022. Overall, exports recorded a sharp shrinkage. Over the period under review, the exports of hit record highs at $4.5K in 2021, and then declined significantly in the following year.
| Export of Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Benin | 916 | 1,488 | 62.4% | ||
| Switzerland | N/A | 282 | 0% | ||
| Democratic Republic of the Congo | N/A | 262 | 0% | ||
| Niger | 136 | 188 | 38.2% | ||
| Nepal | N/A | 45.0 | 0% | ||
| Canada | N/A | 3.0 | 0% | ||
| Netherlands | 308 | 2.0 | -99.4% | ||
| Cote d'Ivoire | 2,915 | N/A | 0% | ||
| Kenya | 240 | N/A | 0% | ||
| Tanzania | 14.0 | N/A | 0% | ||
| United Arab Emirates | 4.0 | N/A | 0% | ||
| South Africa | 7.0 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 4,540 | 2,270 | -50.0% | ||
Top Export Markets for Video Recording or Reproducing Apparatus; Other than Magnetic Tape-Type from Nigeria in 2022:
- Benin (8.0 units)
- Democratic Republic of the Congo (2.0 units)
- Canada (1.0 units)
- Netherlands (1.0 units)
- Nepal (1.0 units)
- Switzerland (1.0 units)
- Niger (1.0 units)
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