Lamp Holder Price in Nigeria - 2023

Lamp Holder Price in Nigeria (CIF) - 2023

The average lamp holder import price stood at $64.1 per thousand units in December 2023, reducing by -39.5% against the previous month. Overall, the import price, however, recorded buoyant growth. The growth pace was the most rapid in October 2023 when the average import price increased by 351% against the previous month. As a result, import price attained the peak level of $0.2 per unit. From November 2023 to December 2023, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From January 2023 to December 2023, the rate of growth in terms of prices for China amounted to +12.6% per month.

Lamp Holder Price in Nigeria (FOB) - 2022

In 2022, the average lamp holder export price amounted to less than $0.1 per unit, dropping by -33.4% against the previous year. Over the period under review, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 434% against the previous year. As a result, the export price attained the peak level of $0.5 per unit. From 2015 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Benin.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +39.9% per year.

Lamp Holder Imports in Nigeria

In 2022, supplies from abroad of lamp holders for under 1000 v decreased by -57.5% to 19M units, falling for the second year in a row after two years of growth. In general, imports saw a precipitous slump. The most prominent rate of growth was recorded in 2020 when imports increased by 73%. As a result, imports attained the peak of 85M units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, lamp holder imports shrank notably to $783K in 2022. Over the period under review, imports recorded a sharp shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 161% against the previous year. As a result, imports reached the peak of $4.3M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Lamp Holder in Nigeria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1.4	4.1	1.7	0.8	-17.0%
Others	0.2	0.2	0.1	N/A	-29.3%
Total	1.6	4.3	1.8	0.8	-20.6%

Top Suppliers of Lamp Holder to Nigeria in 2022:

China (18.8M units)

Lamp Holder Exports in Nigeria

In 2022, the amount of lamp holders for under 1000 v exported from Nigeria surged to 455K units, with an increase of 201% compared with 2021. Over the period under review, exports posted a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lamp holder exports soared to $13K in 2022. Overall, exports, however, saw a dramatic decrease. Over the period under review, the exports attained the peak figure at $27K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.