Nigeria - Radar Apparatus - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRadar Apparatus Price in Nigeria - 2022
Contents:
- Radar Apparatus Price in Nigeria (CIF) - 2022
- Radar Apparatus Price in Nigeria (FOB) - 2022
- Radar Apparatus Imports in Nigeria
- Radar Apparatus Exports in Nigeria
Radar Apparatus Price in Nigeria (CIF) - 2022
The average radar apparatus import price stood at $327 per unit in 2022, with an increase of 12% against the previous year. In general, the import price enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 76%. The import price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Serbia ($1,537 per unit), while the price for France ($192 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+66.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Radar Apparatus Price in Nigeria (FOB) - 2022
In 2022, the average radar apparatus export price amounted to $920 per unit, with an increase of 28% against the previous year. Over the period under review, the export price, however, recorded a slight slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 162%. The export price peaked at $1,446 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($2,720 per unit), while the average price for exports to the Netherlands ($305 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 France (+30.7%), while the prices for the other major destinations experienced more modest paces of growth.
Radar Apparatus Imports in Nigeria
In 2022, the amount of radar apparatus imported into Nigeria declined to 15K units, reducing by -13.1% on 2021 figures. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 356% against the previous year. As a result, imports attained the peak of 18K units, and then declined in the following year.
In value terms, radar apparatus imports contracted modestly to $5M in 2022. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 702% against the previous year. As a result, imports attained the peak of $5.1M, and then dropped slightly in the following year.
| Import of Radar Apparatus in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 86.0 | 146 | 850 | 848 | 114.4% |
| Serbia | 50.4 | 111 | 848 | 507 | 115.9% |
| Italy | 0.1 | 15.2 | 191 | 95.9 | 886.1% |
| Spain | 25.1 | 23.1 | 146 | 73.0 | 42.7% |
| Switzerland | N/A | 3.9 | 50.0 | 25.1 | 153.7% |
| Canada | 6.5 | 7.6 | 47.2 | 0.4 | -60.5% |
| Others | 655 | 327 | 2,960 | 3,429 | 73.6% |
| Total | 823 | 635 | 5,094 | 4,978 | 82.2% |
Top Suppliers of Radar Apparatus to Nigeria in 2022:
- Canada (undefinedK units)
- Czech Republic (1.1K units)
- Italy (0.3K units)
- Serbia (0.3K units)
- Switzerland (0.1K units)
- Spain (0.1K units)
Radar Apparatus Exports in Nigeria
Radar apparatus exports from Nigeria soared to 165 units in 2022, picking up by 725% compared with the previous year's figure. In general, exports enjoyed a significant expansion. The exports peaked at 200 units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, radar apparatus exports soared to $152K in 2022. Overall, exports posted a resilient expansion. Over the period under review, the exports attained the peak figure at $289K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
| Export of Radar Apparatus in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 3.3 | 119 | 4.5 | 32.6 | 114.6% |
| Netherlands | 2.3 | 1.4 | 1.9 | 26.8 | 126.7% |
| United States | 11.0 | 13.2 | 0.5 | 4.4 | -26.3% |
| France | 11.8 | 7.9 | 0.1 | 0.8 | -59.2% |
| South Africa | 1.8 | 1.7 | 0.1 | 0.3 | -45.0% |
| Others | 62.9 | 146 | 7.3 | 86.8 | 11.3% |
| Total | 93.1 | 289 | 14.4 | 152 | 17.8% |
Top Export Markets for Radar Apparatus from Nigeria in 2022:
- Netherlands (88.0 units)
- Cote d'Ivoire (12.0 units)
- United States (5.0 units)
- South Africa (1.0 units)
- France (1.0 units)
This report provides an in-depth analysis of the radar apparatus market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26512020 - Radar apparatus
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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