Plugs and Socket Price in Nigeria - 2023
Contents:
Plugs and Socket Price in Nigeria (CIF) - 2022
The average plugs and socket import price stood at $33 per thousand units in 2022, with a decrease of -47.1% against the previous year. Over the period under review, the import price, however, posted a moderate increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 226% against the previous year. The import price peaked at $99 per thousand units in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($239 per thousand units), while the price for China ($14 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Plugs and Socket Imports in Nigeria
Plugs and socket imports into Nigeria skyrocketed to 77M units in 2022, growing by 153% against the previous year. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, plugs and socket imports surged to $2.5M in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 59% against the previous year. As a result, imports attained the peak of $4.1M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Plugs and Socket in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 418 | 837 | 285 | 894 | 28.8% |
| Germany | 188 | 164 | 277 | 213 | 4.2% |
| United Kingdom | 285 | 612 | 114 | 202 | -10.8% |
| Netherlands | 59.4 | 182 | 38.9 | 161 | 39.4% |
| Vietnam | N/A | 218 | 255 | 143 | -19.0% |
| France | 207 | 819 | 293 | 142 | -11.8% |
| India | 70.5 | 21.1 | 86.4 | 73.3 | 1.3% |
| Singapore | 361 | 140 | 14.4 | 44.7 | -50.2% |
| Others | 1,001 | 1,117 | 514 | 646 | -13.6% |
| Total | 2,590 | 4,110 | 1,878 | 2,518 | -0.9% |
Top Suppliers of Plugs and Socket to Nigeria in 2022:
- China (65.9M units)
- India (2.2M units)
- Germany (1.7M units)
- Vietnam (1.6M units)
- Netherlands (1.2M units)
- United Kingdom (0.8M units)
- France (0.6M units)
- Singapore (0.3M units)
652
This report provides an in-depth analysis of the lamp holder market in Nigeria.
411
This report provides an in-depth analysis of the relay market in Nigeria.
529
This report provides an in-depth analysis of the electrical circuit apparatus market in Nigeria.
619
This report provides an in-depth analysis of the circuit breaker market in Nigeria.
467
This report provides an in-depth analysis of the electrical fuse market in Nigeria.
1004
This report provides an in-depth analysis of the global lamp holder market.
1310
This report provides an in-depth analysis of the global relay market.
1032
This report provides an in-depth analysis of the global electrical circuit apparatus market.
1567
This report provides an in-depth analysis of the global circuit breaker market.
1043
This report provides an in-depth analysis of the global electrical fuse market.
185
Explore the top import markets for lamp holders in 2023, including Germany, United States, Taiwan, and others. Discover key statistics and trends in the global market.
753
In value terms, portable and electric lamps imports amounted to $X in 2016. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports value decreased at an average annual rat...
812
In value terms, portable and electric lamps exports stood at $X in 2016. Overall, it indicated a strong increase from 2007 to 2016: the total exports value decreased at an average annual rate of -X>
723
In 2016, the global imports of lamp holder amounted to X tons, going up by X% against the previous year figure. In general, lamp holder imports continue to indicate a drastic shrinkage. The most...
856
In 2016, the global imports of lamp holder amounted to X tons, going up by X% against the previous year figure. In general, lamp holder imports continue to indicate a drastic shrinkage. The most...
85
Explore the top import markets for relay products across the globe, including the United States, Germany, China, and more. Learn about the key statistics and trends shaping the global relay industry.
927
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...
1258
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...
1017
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...
1459
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...
