Nigeria - Semiconductor Devices - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSemiconductor Device Price in Nigeria - 2022
Contents:
- Semiconductor Device Price in Nigeria (CIF) - 2022
- Semiconductor Device Price in Nigeria (FOB) - 2022
- Semiconductor Device Imports in Nigeria
- Semiconductor Device Exports in Nigeria
Semiconductor Device Price in Nigeria (CIF) - 2022
The average semiconductor device import price stood at less than $0.1 per unit in 2022, rising by 4.8% against the previous year. In general, the import price, however, showed a deep slump. The growth pace was the most rapid in 2017 when the average import price increased by 429%. As a result, import price reached the peak level of $0.3 per unit. From 2018 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($0.1 per unit), while the price for China (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 attained by South Africa (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Semiconductor Device Price in Nigeria (FOB) - 2022
The average semiconductor device export price stood at $3.4 per unit in 2022, shrinking by -6.1% against the previous year. Overall, the export price showed a deep setback. The growth pace was the most rapid in 2014 an increase of 163%. As a result, the export price attained the peak level of $22 per unit. From 2015 to 2022, the average export prices remained at a 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 Ghana ($4 per unit), while the average price for exports to Cote d'Ivoire stood at $2.6 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+5.2%).
Semiconductor Device Imports in Nigeria
After three years of growth, purchases abroad of semiconductor devices decreased by -2.6% to 144M units in 2022. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 180% against the previous year. As a result, imports attained the peak of 147M units, and then declined slightly in the following year.
In value terms, semiconductor device imports stood at $1.9M in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 143% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Semiconductor Device in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 290 | 622 | 1,538 | 1,391 | 68.6% |
| Italy | 0.4 | 1.7 | 10.0 | 196 | 688.4% |
| United Kingdom | 10.0 | 17.2 | 38.8 | 111 | 123.1% |
| Others | 212 | 136 | 297 | 226 | 2.2% |
| Total | 513 | 776 | 1,883 | 1,923 | 55.3% |
Top Suppliers of Semiconductor Device to Nigeria in 2022:
- China (134.1M units)
- United Kingdom (3.0M units)
- Italy (2.3M units)
Semiconductor Device Exports in Nigeria
Semiconductor device exports from Nigeria reached 144 units in 2022, increasing by 11% on the year before. Overall, exports, however, faced a sharp reduction. The exports peaked at 283 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, semiconductor device exports rose modestly to $495 in 2022. In general, exports, however, showed a noticeable reduction. The exports peaked at $550 in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Semiconductor Device in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 315 | 335 | 332 | 363 | 4.8% |
| Cote d'Ivoire | 200 | 177 | 146 | 132 | -12.9% |
| China | 35.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 550 | 512 | 478 | 495 | -3.5% |
Top Export Markets for Semiconductor Device from Nigeria in 2022:
- Ghana (92.0 units)
- Cote d'Ivoire (52.0 units)
This report provides an in-depth analysis of the semiconductor device 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 26112260 - Semiconductor devices (excluding photosensitive semiconductor devices, photovoltaic cells, thyristors, diacs and triacs, transistors, diodes, and light-emitting diodes)
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
-
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
-
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
-
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
-
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
-
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
-
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
480
This report provides an in-depth analysis of the semiconductor device market in Nigeria.
565
This report provides an in-depth analysis of the diode market in Nigeria.
450
This report provides an in-depth analysis of the transistor market in Nigeria.
442
This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in Nigeria.
369
This report provides an in-depth analysis of the mounted piezo-electric crystals market in Nigeria.
479
This report provides an in-depth analysis of the photosensitive semiconductor devices market in Nigeria.
326
This report provides an in-depth analysis of the semiconductor led market in Nigeria.
493
This report provides an in-depth analysis of the semiconductor thyristor market in Nigeria.
1656
This report provides an in-depth analysis of the global semiconductor device market.
1343
This report provides an in-depth analysis of the global diode market.
151
Explore the top import markets for diodes worldwide, including China, Hong Kong SAR, Germany, and more. Gain insights into key statistics and numbers to understand the diode import market.
847
Global diode imports amounted to X tons in 2016, picking up by X% against the previous year figure. Overall, it indicated a tangible growth from 2007 to 2016: the total imports volume increased ...
1266
Global diode imports amounted to X tons in 2016, picking up by X% against the previous year figure. Overall, it indicated a tangible growth from 2007 to 2016: the total imports volume increased ...
231
Discover the top import markets for transistors and key statistics in the global market. China, Hong Kong SAR, Germany, Singapore, and more lead the way in transistor imports.
435
Global exports of solar cells and light-emitting diodes rose from $56.4 in 2019 to $57.5B in 2020. China remains the leading supplier of solar cells and diodes worldwide, while the U.S. is the largest importer.
1178
The global solar panel market accelerates along with the unabated shift towards renewable energy. China, the leader in solar panel exports, will enjoy robust foreign demand while the domestic purchases may slow due to tariff subsidies cut. The U.S. experiences a surge in solar power generation, thanks to the increasing affordability of solar cells and robust suburban construction. The EU, Asia-Pacific, Mexico and Australia are also emerging as the most promising markets due to the swift adoption of solar generation capacities.
151
Explore the top import markets for diodes worldwide, including China, Hong Kong SAR, Germany, and more. Gain insights into key statistics and numbers to understand the diode import market.
847
Global diode imports amounted to X tons in 2016, picking up by X% against the previous year figure. Overall, it indicated a tangible growth from 2007 to 2016: the total imports volume increased ...
1266
Global diode imports amounted to X tons in 2016, picking up by X% against the previous year figure. Overall, it indicated a tangible growth from 2007 to 2016: the total imports volume increased ...
231
Discover the top import markets for transistors and key statistics in the global market. China, Hong Kong SAR, Germany, Singapore, and more lead the way in transistor imports.
