Nigeria - Electrical Resistors (Except Heating Resistors) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingResistor Price in Nigeria - 2022
Contents:
- Resistor Price in Nigeria (CIF) - 2022
- Resistor Price in Nigeria (FOB) - 2022
- Resistor Imports in Nigeria
- Resistor Exports in Nigeria
Resistor Price in Nigeria (CIF) - 2022
In 2022, the average resistor import price amounted to $14 per thousand units, growing by 84% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 161%. The import price peaked at $18 per thousand units in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($65 per thousand units), while the price for Turkey ($2.7 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Resistor Price in Nigeria (FOB) - 2022
The average resistor export price stood at $0.1 per unit in 2022, with a decrease of -4.6% against the previous year. Overall, the export price, however, recorded a measured increase. The pace of growth was the most pronounced in 2014 an increase of 97% against the previous year. As a result, the export price reached the peak level of $0.2 per unit. From 2015 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 Finland ($0.5 per unit), while the average price for exports to North Macedonia (less than $0.1 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 Finland (+22.2%), while the prices for the other major destinations experienced mixed trend patterns.
Resistor Imports in Nigeria
In 2022, purchases abroad of electrical resistors (except heating resistors) decreased by -5.1% to 113M units, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 574%. As a result, imports reached the peak of 464M units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, resistor imports soared to $1.6M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Resistor in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 214 | 414 | 250 | 501 | 32.8% |
| United States | 118 | 73.4 | 41.8 | 211 | 21.4% |
| China | 139 | 276 | 65.3 | 120 | -4.8% |
| Turkey | 18.3 | 45.6 | 17.9 | 90.9 | 70.6% |
| India | 338 | 142 | 193 | 83.3 | -37.3% |
| France | 19.4 | 57.7 | 10.5 | 76.3 | 57.8% |
| United Arab Emirates | 30.8 | 14.1 | 28.2 | 44.4 | 13.0% |
| United Kingdom | 8.7 | 16.3 | 20.6 | 36.2 | 60.8% |
| Finland | 2.0 | 6.6 | 7.5 | 28.7 | 143.0% |
| Morocco | N/A | 1.0 | N/A | N/A | 0% |
| Others | 353 | 342 | 294 | 429 | 6.7% |
| Total | 1,241 | 1,389 | 929 | 1,621 | 9.3% |
Top Suppliers of Resistor to Nigeria in 2022:
- Turkey (33.2M units)
- China (19.7M units)
- United Kingdom (9.4M units)
- United Arab Emirates (8.8M units)
- Finland (8.3M units)
- Italy (7.8M units)
- France (7.5M units)
- India (6.0M units)
- United States (5.7M units)
Resistor Exports in Nigeria
After two years of decline, shipments abroad of electrical resistors (except heating resistors) increased by 11% to 83K units in 2022. Overall, exports, however, showed a sharp setback. The exports peaked at 234K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, resistor exports expanded rapidly to $9.1K in 2022. Over the period under review, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. The exports peaked at $16K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Resistor in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 14.1 | 6.0 | 7.9 | 5.5 | -26.9% |
| Netherlands | 0.1 | 0.2 | 0.4 | 1.7 | 157.1% |
| Finland | N/A | N/A | N/A | 0.6 | 0% |
| Canada | N/A | N/A | N/A | 0.4 | 0% |
| Ghana | 0.4 | 0.3 | 0.2 | 0.1 | -37.0% |
| North Macedonia | N/A | N/A | N/A | N/A | 0% |
| Others | 0.9 | N/A | N/A | 0.8 | -3.9% |
| Total | 15.5 | 6.5 | 8.6 | 9.1 | -16.3% |
Top Export Markets for Resistor from Nigeria in 2022:
- Cote d'Ivoire (61.8K units)
- Ghana (8.1K units)
- Netherlands (6.4K units)
- Canada (1.7K units)
- North Macedonia (1.4K units)
- Finland (1.2K units)
This report provides an in-depth analysis of the resistor 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 27906035 - Fixed electrical resistors for a power handling capacity . .20 W (excluding heating resistors and fixed carbon resistors, c omposition or film types)
- Prodcom 27906037 - Fixed electrical resistors for a power handling capacity > .20 W (excluding heating resistors and fixed carbon resistors, c omposition or film types)
- Prodcom 27906055 - Wirewound variable resistors for a power handling capacity. .20 W
- Prodcom 27906057 - Wirewound variable resistors for a power handling capacity > .20 W
- Prodcom 27906080 - Fixed carbon resistors, composition or film types (excluding heating resistors), electrical variable resistors, including rheostats and potentiometers (excluding wirewound variable resistors and heating resistors)
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.
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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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