Price for Automatic Circuit Breakers for Under 1000 V in Nigeria - 2023
Contents:
- Price for Automatic Circuit Breakers for Under 1000 V in Nigeria (CIF) - 2022
- Price for Automatic Circuit Breakers for Under 1000 V in Nigeria (FOB) - 2022
- Imports of Automatic Circuit Breakers for Under 1000 V in Nigeria
- Exports of Automatic Circuit Breakers for Under 1000 V in Nigeria
Price for Automatic Circuit Breakers for Under 1000 V in Nigeria (CIF) - 2022
In 2022, the average import price for automatic circuit breakers for under 1000 v amounted to $2.5 per unit, rising by 25% against the previous year. In general, the import price continues to indicate prominent growth. The pace of growth was the most pronounced in 2014 an increase of 184%. The import price peaked at $13 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($13 per unit), while the price for China ($1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Automatic Circuit Breakers for Under 1000 V in Nigeria (FOB) - 2022
The average export price for automatic circuit breakers for under 1000 v stood at $4.6 per unit in 2022, dropping by -56.5% against the previous year. In general, the export price faced a abrupt slump. The pace of growth was the most pronounced in 2021 an increase of 213%. The export price peaked at $24 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($5.6 per unit), while the average price for exports to Benin ($0.6 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 Ghana (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Automatic Circuit Breakers for Under 1000 V in Nigeria
In 2022, supplies from abroad of automatic circuit breakers for under 1000 v decreased by -32.8% to 1.9M units, falling for the second consecutive year after two years of growth. Overall, imports showed a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 59%. As a result, imports reached the peak of 4.2M units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of automatic circuit breakers for under 1000 v declined markedly to $4.6M in 2022. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 70% against the previous year. As a result, imports reached the peak of $14M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Automatic Circuit Breakers for Under 1000 V in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,529 | 8,301 | 1,527 | 1,109 | -10.2% |
| Italy | 841 | 320 | 640 | 794 | -1.9% |
| India | 1,090 | 614 | 744 | 685 | -14.3% |
| France | 468 | 899 | 1,082 | 612 | 9.4% |
| United States | 1,088 | 129 | 179 | 228 | -40.6% |
| United Kingdom | 161 | 719 | 81.1 | 76.4 | -22.0% |
| Turkey | 574 | 13.2 | 146 | 33.9 | -61.1% |
| Others | 2,515 | 3,082 | 1,069 | 1,069 | -24.8% |
| Total | 8,267 | 14,078 | 5,469 | 4,607 | -17.7% |
Top Suppliers of Automatic Circuit Breakers for Under 1000 V to Nigeria in 2022:
- China (1144.0K units)
- India (263.6K units)
- France (71.7K units)
- United States (70.1K units)
- Italy (60.3K units)
- Turkey (16.8K units)
- United Kingdom (14.2K units)
Exports of Automatic Circuit Breakers for Under 1000 V in Nigeria
In 2022, exports of automatic circuit breakers for under 1000 v from Nigeria skyrocketed to 42K units, rising by 208% on the previous year. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 406%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of automatic circuit breakers for under 1000 v surged to $194K in 2022. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 89%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
| Export of Automatic Circuit Breakers for Under 1000 V in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 6.6 | N/A | 114 | 178 | 199.9% |
| Benin | N/A | 0.2 | 2.6 | 3.9 | 341.6% |
| Niger | N/A | 0.1 | 0.9 | 1.9 | 335.9% |
| Cote d'Ivoire | 62.1 | 69.1 | 27.0 | N/A | -34.1% |
| Burkina Faso | N/A | 1.3 | N/A | N/A | 0% |
| Singapore | N/A | 5.2 | N/A | N/A | 0% |
| Others | 24.7 | 0.6 | 0.4 | 10.5 | -24.8% |
| Total | 93.4 | 76.5 | 144 | 194 | 27.6% |
Top Export Markets for Automatic Circuit Breakers for Under 1000 V from Nigeria in 2022:
- Ghana (31.5K units)
- Benin (6.8K units)
- Niger (3.2K units)
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