Price for Book-Binding Machinery; Including Book-Sewing Machines in Nigeria - 2022
Contents:
- Price for Book-Binding Machinery; Including Book-Sewing Machines in Nigeria (CIF) - 2022
- Price for Book-Binding Machinery; Including Book-Sewing Machines in Nigeria (FOB) - 2022
- Imports of Book-Binding Machinery; Including Book-Sewing Machines in Nigeria
- Exports of Book-Binding Machinery; Including Book-Sewing Machines in Nigeria
Price for Book-Binding Machinery; Including Book-Sewing Machines in Nigeria (CIF) - 2022
In 2022, the average import price for book-binding machinery; including book-sewing machineses amounted to $122 per unit, shrinking by -13% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by 77%. As a result, import price attained the peak level of $428 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -5.5% per year.
Price for Book-Binding Machinery; Including Book-Sewing Machines in Nigeria (FOB) - 2022
In 2022, the average export price for book-binding machinery; including book-sewing machineses amounted to $970 per unit, declining by -3% against the previous year. In general, the export price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 114% against the previous year. Over the period under review, the average export prices hit record highs at $1,000 per unit in 2021, and then dropped modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($15,885 per unit), while the average price for exports to Germany ($247 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 (+40.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Book-Binding Machinery; Including Book-Sewing Machines in Nigeria
Book-binding machinery; including book-sewing machines imports into Nigeria totaled 564K units in 2022, with an increase of 13% against the previous year's figure. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 109% against the previous year. As a result, imports reached the peak of 629K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, book-binding machinery; including book-sewing machines imports reduced to $69M in 2022. Over the period under review, imports continue to indicate a notable expansion. The growth pace was the most rapid in 2020 when imports increased by 87%. As a result, imports attained the peak of $115M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Book-Binding Machinery; Including Book-Sewing Machines in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 51.5 | 99.1 | 67.0 | 66.0 | 8.6% |
| Others | 9.8 | 15.6 | 3.0 | 2.9 | -33.4% |
| Total | 61.3 | 115 | 70.0 | 68.9 | 4.0% |
Top Suppliers of Book-Binding Machinery; Including Book-Sewing Machines to Nigeria in 2022:
- China (551.7K units)
Exports of Book-Binding Machinery; Including Book-Sewing Machines in Nigeria
Book-binding machinery; including book-sewing machines exports from Nigeria declined to 125 units in 2022, which is down by -5.3% on the previous year. In general, exports showed a abrupt descent. The smallest decline of -1.5% was in 2020. The exports peaked at 195 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, book-binding machinery; including book-sewing machines exports dropped to $121K in 2022. Overall, exports saw a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. Over the period under review, the exports hit record highs at $162K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Book-Binding Machinery; Including Book-Sewing Machines in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 73.1 | 36.6 | 94.3 | 89.3 | 6.9% |
| Cote d'Ivoire | 1.7 | 20.5 | 11.5 | 10.5 | 83.5% |
| Germany | 6.5 | 30.8 | 10.4 | 7.6 | 5.3% |
| Gambia | 0.8 | 15.6 | 6.7 | 6.1 | 96.8% |
| Benin | 0.1 | 2.2 | 4.0 | 3.6 | 230.2% |
| Niger | 0.1 | 0.8 | 3.3 | 2.6 | 196.2% |
| Others | 79.8 | 3.5 | 1.8 | 1.1 | -76.0% |
| Total | 162 | 110 | 132 | 121 | -9.3% |
Top Export Markets for Book-Binding Machinery; Including Book-Sewing Machines from Nigeria in 2022:
- United Kingdom (79.0 units)
- Germany (31.0 units)
- Cote d'Ivoire (6.0 units)
- Niger (4.0 units)
- Gambia (3.0 units)
- Benin (2.0 units)
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