Calculating Machines; Non-Electronic Price in Nigeria - 2022
Contents:
- Calculating Machines; Non-Electronic Price in Nigeria (CIF) - 2022
- Calculating Machines; Non-Electronic Imports in Nigeria
Calculating Machines; Non-Electronic Price in Nigeria (CIF) - 2022
In 2022, the average calculating machines; non-electronic import price amounted to $9.4 per unit, reducing by -14.6% against the previous year. In general, the import price, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 an increase of 142%. As a result, import price reached the peak level of $11 per unit, and then declined in the following year.
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 Ethiopia ($37 per unit), while the price for Italy ($2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (+1,009.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Calculating Machines; Non-Electronic Imports in Nigeria
In 2022, overseas purchases of calculating machines; non-electronics decreased by -83.7% to 5.4K units, falling for the second consecutive year after two years of growth. Overall, imports recorded a sharp decline. The pace of growth appeared the most rapid in 2020 with an increase of 114% against the previous year. As a result, imports attained the peak of 147K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, calculating machines; non-electronic imports fell remarkably to $50K in 2022. In general, imports recorded a significant decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 154% against the previous year. As a result, imports attained the peak of $664K. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Calculating Machines; Non-Electronic in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | N/A | N/A | N/A | 36.8 | 0% |
Ethiopia | N/A | N/A | 40.0 | 4.5 | -88.8% |
Italy | 3.9 | N/A | 7.2 | 4.3 | 3.3% |
United States | 81.4 | 215 | 7.4 | 4.3 | -62.5% |
China | 140 | 439 | 251 | N/A | 33.9% |
Others | 36.6 | 10.3 | 56.7 | 0.4 | -77.8% |
Total | 262 | 664 | 362 | 50.4 | -42.3% |
Top Suppliers of Calculating Machines; Non-Electronic to Nigeria in 2022:
- Italy (2.2K units)
- United States (1.8K units)
- Vietnam (1.3K units)
- Ethiopia (0.1K units)
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