Nigeria: Market for Television, Video and Digital Cameras 2024

Market Size for Television, Video and Digital Cameras in Nigeria

In 2022, the Nigerien market for television, video and digital cameras decreased by X% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption showed a dramatic slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Television, Video and Digital Cameras

Exports from Nigeria

Television, video and digital camera exports from Nigeria dropped notably to X units in 2022, with a decrease of X% against the previous year's figure. Over the period under review, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, television, video and digital camera exports shrank sharply to $X in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Benin (X units) was the main destination for television, video and digital camera exports from Nigeria, with a X% share of total exports. Moreover, television, video and digital camera exports to Benin exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X units), fourfold. Nepal (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Benin totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Nepal (X% per year).

In value terms, Benin ($X) remains the key foreign market for television, video and digital cameras exports from Nigeria, comprising X% of total exports. The second position in the ranking was taken by Switzerland ($X), with a X% share of total exports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Benin amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Democratic Republic of the Congo (X% per year).

Export Prices by Country

The average export price for television, video and digital cameras stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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

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Imports of Television, Video and Digital Cameras

Imports into Nigeria

In 2022, purchases abroad of television, video and digital cameras decreased by X% to X units, falling for the third consecutive year after three years of growth. Over the period under review, imports recorded a deep reduction. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, television, video and digital camera imports dropped dramatically to $X in 2022. In general, imports faced a dramatic setback. The growth pace was the most rapid in 2019 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), China (X units) and the United Arab Emirates (X units) were the main suppliers of television, video and digital camera imports to Nigeria, with a combined X% share of total imports. Italy, the Netherlands, South Korea, Hong Kong SAR, Germany, Belgium, Canada, the UK, France and Israel lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of television, video and digital cameras to Nigeria, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($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 totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average import price for television, video and digital cameras amounted to $X per unit, jumping by X% against the previous year. Overall, the import price, however, showed a noticeable decline. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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