Price for Drafting Tables and Machines; Whether or Not Automatic in Nigeria - 2022

Contents:

  1. Price for Drafting Tables and Machines; Whether or Not Automatic in Nigeria (CIF) - 2022
  2. Price for Drafting Tables and Machines; Whether or Not Automatic in Nigeria (FOB) - 2022
  3. Imports of Drafting Tables and Machines; Whether or Not Automatic in Nigeria
  4. Exports of Drafting Tables and Machines; Whether or Not Automatic in Nigeria

Price for Drafting Tables and Machines; Whether or Not Automatic in Nigeria (CIF) - 2022

The average import price for drafting tables and machines; whether or not automatics stood at $349 per unit in 2022, increasing by 42% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($1,301 per unit), while the price for China ($94 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+32.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Drafting Tables and Machines; Whether or Not Automatic in Nigeria (FOB) - 2022

In 2022, the average export price for drafting tables and machines; whether or not automatics amounted to $51 per unit, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a significant curtailment. The pace of growth appeared the most rapid in 2016 when the average export price increased by 916% against the previous year. As a result, the export price attained the peak level of $1,011 per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($74 per unit), while the average price for exports to Ghana amounted to $6 per unit.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+3,208.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Drafting Tables and Machines; Whether or Not Automatic in Nigeria

In 2022, approx. 35 units of drafting tables and machines; whether or not automatics were imported into Nigeria; with a decrease of -90.8% on the previous year. In general, imports saw a precipitous curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 1,795%. Imports peaked at 912 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of drafting tables and machines; whether or not automatics contracted notably to $12K in 2022. Overall, imports faced a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 1,495% against the previous year. Imports peaked at $208K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Drafting Tables and Machines; Whether or Not Automatic in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1.6N/A0.15.853.6%
United Arab EmiratesN/AN/AN/A2.60%
South Korea2.50.11.11.6-13.8%
China87.10.223.31.5-74.2%
United States0.20.59.00.644.2%
India2.30.12.20.2-55.7%
France42.43.338.4N/A-4.8%
Poland14.11.010.5N/A-13.7%
Others57.80.78.5N/A-61.7%
Total2085.893.112.2-61.1%

Top Suppliers of Drafting Tables and Machines; Whether or Not Automatic to Nigeria in 2022:

  1. China (16.0 units)
  2. Germany (10.0 units)
  3. South Korea (5.0 units)
  4. United Arab Emirates (2.0 units)
  5. India (1.0 units)
  6. United States (1.0 units)

Exports of Drafting Tables and Machines; Whether or Not Automatic in Nigeria

After two years of decline, overseas shipments of drafting tables and machines; whether or not automatics decreased by 0% to 3 units in 2022. Over the period under review, exports recorded a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of drafting tables and machines; whether or not automatics totaled $154 in 2022. Overall, exports recorded significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to continue growth in the near future.

Export of Drafting Tables and Machines; Whether or Not Automatic in Nigeria (USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndiaN/AN/AN/A1480%
Ghana11.0N/AN/A6.0-18.3%
OthersN/AN/AN/AN/A0%
Total11.0N/AN/A154141.0%

Top Export Markets for Drafting Tables and Machines; Whether or Not Automatic from Nigeria in 2022:

  1. India (2.0 units)
  2. Ghana (1.0 units)

Source: IndexBox Market Intelligence Platform

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