Nigeria: Photo-Copying Apparatus Market 2023

Photo-Copying Apparatus Market Size in Nigeria

The Nigerien photo-copying apparatus market surged to $X in 2022, with an increase of 108% against the previous year. Over the period under review, consumption recorded a notable increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Photo-Copying Apparatus Production in Nigeria

In value terms, photo-copying apparatus production shrank to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 9.8% against the previous year. Photo-copying apparatus production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Photo-Copying Apparatus Exports

Exports from Nigeria

For the third consecutive year, Nigeria recorded decline in shipments abroad of photo-copying apparatus, which decreased by -3.4% to X units in 2022. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 876% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, photo-copying apparatus exports reduced notably to $X in 2022. In general, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 941% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Benin (X units) was the main destination for photo-copying apparatus exports from Nigeria, with a 55% share of total exports. Moreover, photo-copying apparatus exports to Benin exceeded the volume sent to the second major destination, Ghana (X units), fourfold. The third position in this ranking was taken by Niger (X units), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to Benin amounted to +31.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+9.6% per year) and Niger (+25.9% per year).

In value terms, Benin ($X) remains the key foreign market for photo-copying apparatus exports from Nigeria, comprising 51% of total exports. The second position in the ranking was held by India ($X), with a 22% share of total exports. It was followed by Ghana, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Benin amounted to +29.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+10.5% per year) and Ghana (+8.0% per year).

Export Prices by Country

In 2022, the average photo-copying apparatus export price amounted to $X per unit, declining by -38% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 437%. As a result, the export price attained the peak level of $X per unit, and then declined markedly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Tanzania ($X 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 Tanzania (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.

Photo-Copying Apparatus Imports

Imports into Nigeria

In 2022, overseas purchases of photo-copying apparatus increased by 21% to X units, rising for the fifth consecutive year after three years of decline. Overall, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 643%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, photo-copying apparatus imports soared to $X in 2022. In general, imports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2021 with an increase of 241% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest photo-copying apparatus supplier to Nigeria, with a 78% share of total imports. Moreover, photo-copying apparatus imports from China exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. Germany (X units) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+27.5% per year) and Germany (+0.6% per year).

In value terms, China ($X) constituted the largest supplier of photo-copying apparatus to Nigeria, comprising 39% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by Germany, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+28.9% per year) and Germany (+5.3% per year).

Import Prices by Country

The average photo-copying apparatus import price stood at $X per unit in 2022, rising by 72% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 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 the United Arab Emirates ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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