Nigeria - Flexographic Printing Machinery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFlexographic Printing Machinery Price in Nigeria - 2022
Contents:
- Flexographic Printing Machinery Price in Nigeria (CIF) - 2022
- Flexographic Printing Machinery Price in Nigeria (FOB) - 2022
- Flexographic Printing Machinery Imports in Nigeria
- Flexographic Printing Machinery Exports in Nigeria
Flexographic Printing Machinery Price in Nigeria (CIF) - 2022
The average flexographic printing machinery import price stood at $55,048 per unit in 2022, which is down by -8.5% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 100%. As a result, import price attained the peak level of $106,337 per unit. From 2018 to 2022, the average import prices remained 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 Austria ($113,213 per unit), while the price for China ($10,743 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+86.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Flexographic Printing Machinery Price in Nigeria (FOB) - 2022
The average flexographic printing machinery export price stood at $1,399 per unit in 2022, which is down by -58.5% against the previous year. Overall, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2015 an increase of 1,229% against the previous year. Over the period under review, the average export prices reached the maximum at $19,261 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($2,026 per unit), while the average price for exports to Benin totaled $772 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2,776.6%).
Flexographic Printing Machinery Imports in Nigeria
In 2022, flexographic printing machinery imports into Nigeria contracted dramatically to 74 units, dropping by -43.1% against 2021. In general, imports recorded a precipitous decrease. The smallest decline of -5.8% was in 2021. Imports peaked at 192 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, flexographic printing machinery imports fell significantly to $4.1M in 2022. Overall, imports showed a precipitous decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 1.3%. As a result, imports attained the peak of $15M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Flexographic Printing Machinery in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 3.9 | 2.2 | 1.4 | 1.0 | -36.5% |
Switzerland | 1.6 | 2.6 | 1.4 | 0.8 | -20.6% |
Czech Republic | 1.1 | 1.4 | 0.7 | 0.4 | -28.6% |
India | 1.3 | 0.5 | 0.4 | 0.3 | -38.7% |
China | 3.1 | 0.9 | 0.4 | 0.3 | -54.1% |
Taiwan (Chinese) | 0.7 | 0.2 | 0.3 | 0.2 | -34.1% |
Others | 2.6 | 6.8 | 3.2 | 1.0 | -27.3% |
Total | 14.4 | 14.6 | 7.8 | 4.1 | -34.2% |
Top Suppliers of Flexographic Printing Machinery to Nigeria in 2022:
- China (25.0 units)
- Germany (12.0 units)
- Switzerland (10.0 units)
- India (8.0 units)
- Czech Republic (4.0 units)
- Taiwan (Chinese) (3.0 units)
Flexographic Printing Machinery Exports in Nigeria
For the fourth year in a row, Nigeria recorded growth in shipments abroad of flexographic printing machinery, which increased by 100% to 2 units in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, flexographic printing machinery exports contracted markedly to $2.8K in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 51% against the previous year. As a result, the exports reached the peak of $3.4K, and then contracted significantly in the following year.
Export of Flexographic Printing Machinery in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | N/A | N/A | N/A | 2.0 | 0% |
Benin | 1.8 | 2.2 | 3.4 | 0.8 | -23.7% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 1.8 | 2.2 | 3.4 | 2.8 | 15.9% |
Top Export Markets for Flexographic Printing Machinery from Nigeria in 2022:
- Turkey (1.0 units)
- Benin (1.0 units)
This report provides an in-depth analysis of the flexographic printing machinery market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28991430 - Flexographic printing machinery
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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