Nigeria: Spectrometers And Spectrophotometers Market 2024

Spectrometers And Spectrophotometers Market Size in Nigeria

The Nigerien spectrometers and spectrophotometers market surged to $X in 2022, rising by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Spectrometers And Spectrophotometers Production in Nigeria

In value terms, spectrometers and spectrophotometers production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Spectrometers And Spectrophotometers Exports

Exports from Nigeria

Spectrometers and spectrophotometers exports from Nigeria was estimated at X units in 2015, remaining relatively unchanged against the previous year's figure. Over the period under review, exports saw a precipitous slump. The smallest decline of X% was in 2014. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2015, the exports stood at a somewhat lower figure.

In value terms, spectrometers and spectrophotometers exports totaled $X in 2015. Overall, exports continue to indicate a significant expansion. The smallest decline of X% was in 2014. The exports peaked in 2015 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X units), Ghana (X units) and Austria (X units) were the main destinations of spectrometers and spectrophotometers exports from Nigeria, together comprising X% of total exports.

From 2013 to 2015, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Austria ($X) were the largest markets for spectrometers and spectrophotometers exported from Nigeria worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of X.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2015, the average spectrometers and spectrophotometers export price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the export price saw significant growth. The pace of growth appeared the most rapid in 2014 a decrease of X% against the previous year. Over the period under review, the average export prices hit record highs in 2015 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Ghana ($X per unit) was amongst the lowest.

From 2013 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%).

Spectrometers And Spectrophotometers Imports

Imports into Nigeria

In 2022, spectrometers and spectrophotometers imports into Nigeria surged to X units, rising by X% against 2021. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, spectrometers and spectrophotometers imports soared to $X in 2022. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest spectrometers and spectrophotometers supplier to Nigeria, accounting for a X% share of total imports. Moreover, spectrometers and spectrophotometers imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was taken by India (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and India (X% per year).

In value terms, the United States ($X) constituted the largest supplier of spectrometers and spectrophotometers to Nigeria, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average spectrometers and spectrophotometers import price amounted to $X per unit, jumping by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, average import prices reached the peak figure 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 States ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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