Price for Video Recording or Reproducing Apparatus; Magnetic Tape-Type in Nigeria - 2022
Contents:
- Price for Video Recording or Reproducing Apparatus; Magnetic Tape-Type in Nigeria (CIF) - 2022
- Imports of Video Recording or Reproducing Apparatus; Magnetic Tape-Type in Nigeria
Price for Video Recording or Reproducing Apparatus; Magnetic Tape-Type in Nigeria (CIF) - 2022
In 2022, the average import price for video recording or reproducing apparatus; magnetic tape-types amounted to $132 per unit, with an increase of 1.6% against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. The growth pace was the most rapid in 2017 when the average import price increased by 89%. The import price peaked at $282 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($122 per unit), while the price for Hong Kong SAR ($7.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+40.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Video Recording or Reproducing Apparatus; Magnetic Tape-Type in Nigeria
In 2022, after two years of decline, there was significant growth in purchases abroad of video recording or reproducing apparatus; magnetic tape-types, when their volume increased by 102% to 170 units. Overall, imports, however, showed a dramatic curtailment. Imports peaked at 2K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of video recording or reproducing apparatus; magnetic tape-types soared to $23K in 2022. Over the period under review, imports, however, continue to indicate a sharp decline. Imports peaked at $336K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Video Recording or Reproducing Apparatus; Magnetic Tape-Type in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.8 | 0.4 | 0.3 | 6.1 | 96.8% |
| United States | 0.4 | 0.5 | N/A | 3.4 | 104.1% |
| Taiwan (Chinese) | 0.5 | 0.1 | N/A | 3.4 | 89.5% |
| China | 71.0 | 1.2 | 0.1 | 3.4 | -63.7% |
| Germany | N/A | 0.2 | 0.2 | 0.4 | 41.4% |
| Singapore | 5.4 | 0.2 | 0.1 | 0.3 | -61.8% |
| Hong Kong SAR | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Spain | 3.1 | 0.4 | 0.1 | N/A | -82.0% |
| South Korea | 25.0 | 4.0 | 2.1 | N/A | -71.0% |
| Switzerland | 32.7 | 5.2 | 2.8 | N/A | -70.7% |
| Japan | 62.6 | 8.8 | 4.2 | N/A | -74.1% |
| United Arab Emirates | 121 | 0.5 | N/A | N/A | -99.6% |
| Others | 13.7 | 2.0 | 0.9 | 5.4 | -26.7% |
| Total | 336 | 23.7 | 10.9 | 22.5 | -59.4% |
Top Suppliers of Video Recording or Reproducing Apparatus; Magnetic Tape-Type to Nigeria in 2022:
- United Kingdom (53.0 units)
- Taiwan (Chinese) (29.0 units)
- United States (28.0 units)
- China (28.0 units)
- Hong Kong SAR (15.0 units)
- Singapore (13.0 units)
- Germany (3.0 units)
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