Rangefinders Price in Nigeria - 2022
Contents:
Rangefinders Price in Nigeria (CIF) - 2022
In 2022, the average rangefinders import price amounted to $20 per unit, surging by 111% against the previous year. Over the period under review, the import price, however, recorded a deep slump. The import price peaked at $73 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
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 China ($85 per unit), while the price for the UK ($2.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-7.0%), while the prices for the other major suppliers experienced a decline.
Rangefinders Imports in Nigeria
Rangefinders imports into Nigeria fell notably to 4.5K units in 2022, reducing by -61.5% compared with the previous year. In general, imports faced a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. Imports peaked at 21K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, rangefinders imports contracted notably to $90K in 2022. Overall, imports recorded a dramatic decrease. The smallest decline of -14.8% was in 2020. Imports peaked at $287K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Rangefinders in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 97.1 | 118 | 12.8 | 66.6 | -11.8% |
| United States | 1.5 | 1.1 | 5.2 | 16.8 | 123.7% |
| Israel | 11.4 | 18.9 | 15.0 | 1.3 | -51.5% |
| Malaysia | 41.5 | 17.2 | 11.9 | 0.9 | -72.1% |
| India | 0.7 | 6.6 | 13.1 | 0.7 | 0.0% |
| South Korea | 12.6 | 17.1 | 8.6 | 0.4 | -68.3% |
| United Kingdom | 43.4 | 1.1 | 0.9 | 0.1 | -86.8% |
| Angola | 12.4 | N/A | N/A | N/A | 0% |
| Others | 66.4 | 64.2 | 43.6 | 3.4 | -62.9% |
| Total | 287 | 244 | 111 | 90.2 | -32.0% |
Top Suppliers of Rangefinders to Nigeria in 2022:
- United States (3020.0 units)
- China (785.0 units)
- Malaysia (221.0 units)
- India (178.0 units)
- Israel (99.0 units)
- South Korea (89.0 units)
- United Kingdom (26.0 units)
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