Nigeria - Cards Incorporating An Electronic Integrated Circuit (Smart Card) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSmart Card Price in Nigeria - 2022
Contents:
- Smart Card Price in Nigeria (CIF) - 2022
- Smart Card Price in Nigeria (FOB) - 2022
- Smart Card Imports in Nigeria
- Smart Card Exports in Nigeria
Smart Card Price in Nigeria (CIF) - 2022
In 2022, the average smart card import price amounted to $0.1 per unit, dropping by -1.7% against the previous year. Over the period under review, the import price continues to indicate a sharp slump. The pace of growth was the most pronounced in 2013 an increase of 49%. As a result, import price attained the peak level of $2.7 per unit. From 2014 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 the United Arab Emirates ($0.4 per unit), while the price for Spain (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 Taiwan (Chinese) (-21.2%), while the prices for the other major suppliers experienced a decline.
Smart Card Price in Nigeria (FOB) - 2022
The average smart card export price stood at $6 per unit in 2022, jumping by 21% against the previous year. Over the period under review, the export price showed a prominent increase. The growth pace was the most rapid in 2016 an increase of 117% against the previous year. Over the period under review, the average export prices reached the peak figure at $7.5 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($6.9 per unit), while the average price for exports to China ($0.7 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 Kenya (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.
Smart Card Imports in Nigeria
In 2022, supplies from abroad of cards incorporating an electronic integrated circuit (smart card) decreased by -34.3% to 7.9M units, falling for the second consecutive year after two years of growth. Overall, imports saw a precipitous setback. The pace of growth was the most pronounced in 2020 when imports increased by 92% against the previous year. As a result, imports attained the peak of 83M units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, smart card imports reduced notably to $944K in 2022. Over the period under review, imports saw a significant curtailment. The growth pace was the most rapid in 2020 when imports increased by 14% against the previous year. As a result, imports attained the peak of $13M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Smart Card in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.9 | 7.3 | 0.1 | 0.6 | -57.7% |
| United Arab Emirates | 0.3 | N/A | 0.3 | 0.1 | -30.7% |
| Spain | 0.8 | 0.7 | 0.3 | 0.1 | -50.0% |
| India | 1.2 | 3.2 | 0.1 | N/A | -71.1% |
| Singapore | 0.1 | 0.8 | N/A | N/A | 700.0% |
| Others | 0.9 | 0.7 | 0.7 | 0.2 | -39.4% |
| Total | 11.1 | 12.7 | 1.5 | 0.9 | -56.7% |
Top Suppliers of Smart Card to Nigeria in 2022:
- China (4.0M units)
- Spain (2.2M units)
- India (0.4M units)
- Singapore (0.3M units)
- United Arab Emirates (0.2M units)
Smart Card Exports in Nigeria
In 2022, overseas shipments of cards incorporating an electronic integrated circuit (smart card) were finally on the rise to reach 81K units after two years of decline. Overall, exports, however, saw a pronounced curtailment. The exports peaked at 86K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, smart card exports soared to $481K in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $628K in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
| Export of Smart Card in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 274 | 186 | 141 | 198 | -10.3% |
| Burkina Faso | 14.8 | 254 | 102 | 144 | 113.5% |
| Ghana | 66.6 | 73.4 | 32.5 | 44.6 | -12.5% |
| Niger | 22.3 | 30.1 | 16.3 | 27.4 | 7.1% |
| Senegal | 37.5 | 9.8 | 0.2 | 11.1 | -33.4% |
| Zambia | 10.7 | 13.4 | 6.8 | 10.7 | 0.0% |
| Uganda | 12.7 | 1.3 | 4.9 | 7.0 | -18.0% |
| Kenya | 4.6 | 3.5 | 4.4 | 6.2 | 10.5% |
| Tanzania | 10.7 | 6.6 | 5.3 | 4.5 | -25.1% |
| China | 2.9 | 18.0 | 4.8 | 2.2 | -8.8% |
| Hong Kong SAR | 2.8 | 2.7 | 1.0 | 1.2 | -24.6% |
| Others | 32.8 | 29.8 | 14.4 | 23.8 | -10.1% |
| Total | 492 | 628 | 333 | 481 | -0.8% |
Top Export Markets for Smart Card from Nigeria in 2022:
- Cote d'Ivoire (28.8K units)
- Burkina Faso (20.9K units)
- Ghana (6.5K units)
- Uganda (4.3K units)
- Niger (4.0K units)
- China (3.1K units)
- Tanzania (2.3K units)
- Hong Kong SAR (2.0K units)
- Senegal (1.6K units)
- Zambia (1.6K units)
- Kenya (1.1K units)
This report provides an in-depth analysis of the smart card 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 26123000 - Smart cards
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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In 2016, the global smart card imports amounted to X tons, coming up by X% against the previous year figure. In general, smart card imports continue to indicate a abrupt slump. The most prominent...
767
In 2016, the global smart card imports amounted to X tons, coming up by X% against the previous year figure. In general, smart card imports continue to indicate a abrupt slump. The most prominent...
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In 2016, the global smart card imports amounted to X tons, coming up by X% against the previous year figure. In general, smart card imports continue to indicate a abrupt slump. The most prominent...
767
In 2016, the global smart card imports amounted to X tons, coming up by X% against the previous year figure. In general, smart card imports continue to indicate a abrupt slump. The most prominent...
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