Nigeria: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Nigeria

In 2021, the Nigerien radio navigation apparatus market decreased by -1.8% to $X, falling for the second consecutive year after two years of growth. Overall, consumption showed strong growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Radio Navigation Apparatus Exports

Exports from Nigeria

Radio navigation apparatus exports from Nigeria surged to X kg in 2021, picking up by 283% on the year before. Overall, exports saw a notable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 704%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, radio navigation apparatus exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 663% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa (X kg) was the main destination for radio navigation apparatus exports from Nigeria, accounting for a 71% share of total exports. Moreover, radio navigation apparatus exports to South Africa exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), fourfold. The Czech Republic (X kg) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Africa stood at +49.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+7.9% per year) and the Czech Republic (-16.2% per year).

In value terms, Cote d'Ivoire ($X), South Africa ($X) and the Czech Republic ($X) appeared to be the largest markets for radio navigation apparatus exported from Nigeria worldwide, together comprising 39% of total exports.

South Africa, with a CAGR of +63.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average radio navigation apparatus export price stood at $X per ton in 2021, reducing by -64.2% against the previous year. In general, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 330% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then declined dramatically in the following year.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+67.8%), while the prices for the other major destinations experienced more modest paces of growth.

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Radio Navigation Apparatus Imports

Imports into Nigeria

In 2021, approx. X tons of radio navigational aid apparatus were imported into Nigeria; picking up by 23% on the previous year's figure. In general, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 802% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, radio navigation apparatus imports plummeted to $X in 2021. Over the period under review, imports showed a slight expansion. The pace of growth appeared the most rapid in 2019 with an increase of 862% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of radio navigation apparatus to Nigeria, accounting for a 29% share of total imports. Moreover, radio navigation apparatus imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X kg), sevenfold. France (X kg) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +51.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.8% per year) and France (+17.4% per year).

In value terms, Germany ($X) constituted the largest supplier of radio navigational aid apparatus to Nigeria, comprising 50% of total imports. The second position in the ranking was held by Lithuania ($X), with a 2.9% share of total imports. It was followed by the United States, with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +41.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+0.2% per year) and the United States (-18.0% per year).

Import Prices by Country

In 2021, the average radio navigation apparatus import price amounted to $X per ton, shrinking by -33.5% against the previous year. In general, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 6.7% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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