Nigeria: Market for Digital Data Processing Machines: Presented In The Form Of Systems 2022

Market Size for Digital Data Processing Machines: Presented In The Form Of Systems in Nigeria

The Nigerien digital data processing machine market dropped rapidly to $X in 2021, waning by -73.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption faced a deep contraction. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Digital Data Processing Machines: Presented In The Form Of Systems

Exports from Nigeria

In 2021, overseas shipments of digital data processing machines: presented in the form of systems increased by 321% to X units, rising for the second year in a row after three years of decline. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 441% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, digital data processing machine exports declined remarkably to $X in 2021. In general, exports, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2016 when exports increased by 159%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Benin (X units) was the main destination for digital data processing machine exports from Nigeria, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Benin amounted to +22.7%.

In value terms, Benin ($X) also remains the key foreign market for digital data processing machine exports from Nigeria.

From 2012 to 2021, the average annual rate of growth in terms of value to Benin amounted to +5.8%.

Export Prices by Country

The average digital data processing machine export price stood at $X per unit in 2021, declining by -81.1% against the previous year. In general, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 80%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Benin.

From 2012 to 2021, the rate of growth in terms of prices for Benin amounted to -13.8% per year.

Imports of Digital Data Processing Machines: Presented In The Form Of Systems

Imports into Nigeria

After two years of growth, purchases abroad of digital data processing machines: presented in the form of systems decreased by -73.7% to X units in 2021. Over the period under review, imports saw a deep slump. The pace of growth was the most pronounced in 2015 with an increase of 84% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, digital data processing machine imports dropped notably to $X in 2021. Overall, imports faced a deep slump. The pace of growth was the most pronounced in 2014 when imports increased by 95% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Switzerland (X units), the Netherlands (X units) and China (X units) were the main suppliers of digital data processing machine imports to Nigeria, together comprising 81% of total imports. These countries were followed by the United States, India, Germany, the UK, the United Arab Emirates and the Czech Republic, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +36.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest digital data processing machine suppliers to Nigeria were China ($X), the Netherlands ($X) and Switzerland ($X), with a combined 73% share of total imports. The United States, Germany, India, the UK, the Czech Republic and the United Arab Emirates lagged somewhat behind, together accounting for a further 19%.

In terms of the main suppliers, India, with a CAGR of +28.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average digital data processing machine import price amounted to $X per unit, with an increase of 19% against the previous year. Over the period under review, the import price saw modest growth. The most prominent rate of growth was recorded in 2018 an increase of 89%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :