Nigeria - Telephones And Videophones - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTelephone Price in Nigeria - 2022
Contents:
- Telephone Price in Nigeria (CIF) - 2022
- Telephone Price in Nigeria (FOB) - 2022
- Telephone Imports in Nigeria
- Telephone Exports in Nigeria
Telephone Price in Nigeria (CIF) - 2022
The average telephone import price stood at $96 per unit in 2022, growing by 2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2013 an increase of 35%. Over the period under review, average import prices attained the maximum at $108 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
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 Thailand ($150 per unit), while the price for Sweden ($41 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Telephone Price in Nigeria (FOB) - 2022
In 2022, the average telephone export price amounted to $54 per unit, picking up by 22% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, telephone export price increased by +59.4% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 99%. Over the period under review, the average export prices hit record highs at $72 per unit in 2017; however, from 2018 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 Ghana ($176 per unit), while the average price for exports to South Africa ($20 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 South Africa (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.
Telephone Imports in Nigeria
In 2022, purchases abroad of telephones and videophones was finally on the rise to reach 166K units after two years of decline. Over the period under review, imports, however, showed a significant curtailment. Over the period under review, imports hit record highs at 1.1M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, telephone imports stood at $16M in 2022. Overall, imports, however, continue to indicate a sharp decline. Over the period under review, imports hit record highs at $98M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Telephone in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 37.8 | 15.7 | 5.3 | 6.1 | -45.6% |
| United Arab Emirates | 7.2 | 3.5 | 1.5 | 3.9 | -18.5% |
| Vietnam | 3.6 | 1.5 | 0.4 | 1.8 | -20.6% |
| Thailand | 1.4 | 0.3 | 1.1 | 1.1 | -7.7% |
| United Kingdom | 0.2 | 0.1 | N/A | 0.7 | 51.8% |
| Qatar | 0.3 | 0.4 | 0.4 | 0.5 | 18.6% |
| China | 45.9 | 14.5 | 5.4 | 0.4 | -79.4% |
| Ethiopia | 0.2 | 0.2 | N/A | 0.3 | 14.5% |
| France | 0.1 | 0.6 | 0.1 | 0.2 | 26.0% |
| Sweden | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Others | 1.5 | 1.7 | 1.1 | 0.8 | -18.9% |
| Total | 98.4 | 38.7 | 15.5 | 16.0 | -45.4% |
Top Suppliers of Telephone to Nigeria in 2022:
- Hong Kong SAR (60.5K units)
- United Arab Emirates (41.9K units)
- Vietnam (18.7K units)
- Thailand (7.6K units)
- United Kingdom (7.2K units)
- Qatar (5.3K units)
- China (4.4K units)
- Ethiopia (3.5K units)
- Sweden (3.5K units)
- France (3.1K units)
Telephone Exports in Nigeria
Telephone exports from Nigeria contracted sharply to 765 units in 2022, declining by -15.3% against 2021. The total export volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 37% against the previous year. As a result, the exports reached the peak of 903 units, and then shrank rapidly in the following year.
In value terms, telephone exports totaled $41K in 2022. Over the period under review, exports showed a pronounced decline. The exports peaked at $48K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Telephone in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.7 | 13.5 | 12.8 | 16.2 | -4.7% |
| United Kingdom | 7.8 | 5.3 | 5.8 | 5.5 | -11.0% |
| Cote d'Ivoire | 5.2 | 5.7 | 5.3 | 4.8 | -2.6% |
| Niger | 2.2 | 1.3 | 2.5 | 3.4 | 15.6% |
| South Africa | 3.0 | 2.1 | 2.0 | 2.3 | -8.5% |
| Netherlands | 0.8 | 2.3 | 2.1 | 2.2 | 40.1% |
| Hungary | 0.5 | 1.0 | 1.4 | 1.5 | 44.2% |
| Kenya | N/A | 5.0 | N/A | N/A | 0% |
| Rwanda | N/A | N/A | 2.2 | N/A | 0% |
| Philippines | N/A | N/A | 0.1 | N/A | 0% |
| Others | 9.6 | 6.4 | 5.9 | 5.6 | -16.4% |
| Total | 47.7 | 42.6 | 40.1 | 41.4 | -4.6% |
Top Export Markets for Telephone from Nigeria in 2022:
- United Kingdom (142.0 units)
- Cote d'Ivoire (122.0 units)
- South Africa (112.0 units)
- United States (103.0 units)
- Niger (86.0 units)
- Netherlands (56.0 units)
- Hungary (37.0 units)
This report provides an in-depth analysis of the telephone 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 26302100 - Line telephone sets with cordless handsets
- Prodcom 26302330 - Telephone sets (excluding line telephone sets with cordless handsets and telephones for cellular networks or for other wireless networks), videophones
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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