Nigeria - Isolating Switches & Make-And-Break Switches - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingIsolating Switch Price in Nigeria - 2022
Contents:
- Isolating Switch Price in Nigeria (CIF) - 2022
- Isolating Switch Price in Nigeria (FOB) - 2022
- Isolating Switch Imports in Nigeria
- Isolating Switch Exports in Nigeria
Isolating Switch Price in Nigeria (CIF) - 2022
The average isolating switch import price stood at $5.1 per unit in June 2022, dropping by -8% against the previous month. Over the period under review, the import price, however, recorded a strong expansion. The most prominent rate of growth was recorded in September 2021 an increase of 30% against the previous month. Over the period under review, average import prices reached the peak figure at $5.5 per unit in May 2022, and then dropped in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was China ($5.1 per unit), while the price for Kenya ($841 per thousand units) was amongst the lowest.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by Kenya (+29.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Isolating Switch Price in Nigeria (FOB) - 2022
In 2022, the average isolating switch export price amounted to $24 per unit, growing by 2.2% against the previous year. In general, the export price recorded modest growth. The pace of growth appeared the most rapid in 2014 an increase of 143% against the previous year. The export price peaked at $56 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($103 per unit), while the average price for exports to Ghana ($4.2 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 Italy (-3.8%), while the prices for the other major destinations experienced a decline.
Isolating Switch Imports in Nigeria
In 2022, supplies from abroad of isolating switches & make-and-break switches decreased by -6.5% to 25M units, falling for the second consecutive year after two years of growth. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 928%. As a result, imports reached the peak of 27M units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, isolating switch imports skyrocketed to $133M in 2022. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,145%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
Import of Isolating Switch in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.2 | 42.8 | 48.2 | 79.0 | 165.9% |
Germany | N/A | 0.5 | 9.7 | 12.6 | 402.0% |
India | 0.4 | 11.0 | 19.8 | 8.4 | 175.9% |
United Kingdom | 0.5 | 11.3 | 8.3 | 7.7 | 148.8% |
United Arab Emirates | 0.2 | 2.2 | 4.6 | 5.6 | 203.7% |
Turkey | 0.4 | 3.6 | 3.5 | 4.0 | 115.4% |
United States | 0.1 | 2.7 | 2.6 | 3.2 | 217.5% |
Others | 0.5 | 6.0 | 13.3 | 12.7 | 194.0% |
Total | 6.4 | 80.1 | 110 | 133 | 174.9% |
Top Suppliers of Isolating Switch to Nigeria in 2022:
- China (11.2M units)
- India (4.4M units)
- United Arab Emirates (2.5M units)
- United Kingdom (2.2M units)
- Turkey (1.5M units)
- Germany (1.2M units)
- United States (0.9M units)
Isolating Switch Exports in Nigeria
In 2022, isolating switch exports from Nigeria shrank rapidly to 93 units, waning by -46.6% against 2021. Overall, exports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,640%. As a result, the exports reached the peak of 174 units, and then declined rapidly in the following year.
In value terms, isolating switch exports dropped rapidly to $2.2K in 2022. Over the period under review, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 1,020% against the previous year. As a result, the exports attained the peak of $4.1K, and then declined significantly in the following year.
Export of Isolating Switch in Nigeria (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 1,377 | 339 | 3,349 | 1,795 | 9.2% |
Cote d'Ivoire | 389 | 22.0 | 694 | 407 | 1.5% |
Ghana | 5.0 | 1.0 | 14.0 | 8.0 | 17.0% |
Others | 3.0 | 1.0 | 8.0 | 4.0 | 10.1% |
Total | 1,774 | 363 | 4,065 | 2,214 | 7.7% |
Top Export Markets for Isolating Switch from Nigeria in 2022:
- Italy (86.0 units)
- Cote d'Ivoire (4.0 units)
- Ghana (2.0 units)
This report provides an in-depth analysis of the isolating switch 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 27121030 - Isolating switches and make-and-break switches
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
This report provides an in-depth analysis of the isolating switch market in Nigeria.
This report provides an in-depth analysis of the electrical circuit apparatus market in Nigeria.
This report provides an in-depth analysis of the electrical fuse market in Nigeria.
This report provides an in-depth analysis of the circuit breaker market in Nigeria.
This report provides an in-depth analysis of the market for automatic circuit breakers for over 1000 v in Nigeria.
This report provides an in-depth analysis of the global isolating switch market.
This report provides an in-depth analysis of the global electrical circuit apparatus market.
This report provides an in-depth analysis of the global electrical fuse market.
This report provides an in-depth analysis of the global circuit breaker market.
This report provides an in-depth analysis of the global market for automatic circuit breakers for over 1000 v.
In value terms, electrical apparatus imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicate...
In value terms, electrical machines and apparatus imports totaled $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual rat...
In value terms, electrical apparatus exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some not...
In value terms, electrical machines and apparatus exports stood at $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value decreased at an average annual rate...
Discover the leading import markets for electrical fuse, including the United States, China, and Mexico. Learn about the key players driving the global market for these essential components.
Explore the top import markets for circuit breakers in 2023, including key statistics and trends in countries like the United States, Germany, and France.
In 2016, the amount of circuit breaker imported worldwide stood at X tons, jumping by X% against the previous year figure. The total import volume increased at an average annual rate of +X% ove...
In 2016, the amount of circuit breaker imported worldwide stood at X tons, jumping by X% against the previous year figure. The total import volume increased at an average annual rate of +X% ove...
In value terms, electrical apparatus imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicate...
In value terms, electrical machines and apparatus imports totaled $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value increased at an average annual rat...