Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Nigeria - 2023
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Nigeria (CIF) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Nigeria (FOB) - 2022
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Nigeria
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Nigeria
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Nigeria (CIF) - 2022
In 2022, the average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to less than $0.1 per unit, growing by 15% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 97%. Over the period under review, average import prices hit record highs at $0.1 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($0.1 per unit), while the price for China (less than $0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Nigeria (FOB) - 2022
In 2022, the average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $5 per thousand units, declining by -83.5% against the previous year. In general, the export price faced a significant decline. The most prominent rate of growth was recorded in 2016 an increase of 199% against the previous year. The export price peaked at $95 per thousand units in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($103 per thousand units), while the average price for exports to Niger ($1.6 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Nigeria
In 2022, the amount of electrical circuit prefabricated elements, connectors, contact elements and other equipment imported into Nigeria soared to 1.1B units, with an increase of 88% on 2021 figures. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment surged to $26M in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.1 | 0.3 | 0.3 | 15.3 | 434.8% |
| China | 1.2 | 2.9 | 2.9 | 3.5 | 42.9% |
| India | 1.0 | 0.6 | 1.5 | 1.2 | 6.3% |
| Italy | 1.4 | 0.3 | 0.2 | 0.8 | -17.0% |
| United Kingdom | 0.5 | 1.1 | 0.9 | 0.8 | 17.0% |
| Germany | 0.6 | 1.4 | 0.5 | 0.7 | 5.3% |
| United States | 0.7 | 1.3 | 0.6 | 0.6 | -5.0% |
| France | 1.2 | 0.9 | 1.4 | 0.5 | -25.3% |
| United Arab Emirates | 3.9 | 0.1 | 1.6 | 0.2 | -62.8% |
| Others | 2.3 | 3.5 | 2.3 | 2.7 | 5.5% |
| Total | 12.9 | 12.4 | 12.2 | 26.3 | 26.8% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Nigeria in 2022:
- Turkey (628.9M units)
- China (382.4M units)
- India (21.2M units)
- Italy (15.7M units)
- United Kingdom (9.9M units)
- United States (7.9M units)
- Germany (6.2M units)
- France (4.5M units)
- United Arab Emirates (3.5M units)
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Nigeria
In 2022, after two years of decline, there was significant growth in overseas shipments of electrical circuit prefabricated elements, connectors, contact elements and other equipment, when their volume increased by 322% to 20M units. In general, exports, however, continue to indicate a deep setback. The exports peaked at 26M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment dropped remarkably to $102K in 2022. Over the period under review, exports, however, showed a sharp descent. The smallest decline of -11.1% was in 2021. Over the period under review, the exports of hit record highs at $603K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | 0.1 | 4.0 | 3.5 | 71.2 | 792.9% |
| Ghana | 260 | N/A | 26.1 | 17.9 | -59.0% |
| Benin | 2.2 | N/A | N/A | 3.1 | 12.1% |
| Niger | 4.6 | 2.3 | N/A | 2.5 | -18.4% |
| Cote d'Ivoire | 103 | 68.7 | 55.6 | 0.3 | -85.7% |
| Gabon | 35.6 | N/A | 9.4 | N/A | -48.6% |
| Rwanda | N/A | 27.2 | N/A | N/A | 0% |
| Netherlands | 170 | 0.1 | 7.2 | N/A | -79.4% |
| Others | 28.0 | 63.2 | 45.4 | 7.4 | -35.8% |
| Total | 603 | 165 | 147 | 102 | -44.7% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Nigeria in 2022:
- Angola (18.0M units)
- Niger (1.6M units)
- Benin (0.5M units)
- Ghana (0.2M units)
399
This report provides an in-depth analysis of the relay market in Nigeria.
641
This report provides an in-depth analysis of the lamp holder market in Nigeria.
522
This report provides an in-depth analysis of the electrical circuit apparatus market in Nigeria.
606
This report provides an in-depth analysis of the circuit breaker market in Nigeria.
459
This report provides an in-depth analysis of the electrical fuse market in Nigeria.
1298
This report provides an in-depth analysis of the global relay market.
988
This report provides an in-depth analysis of the global lamp holder market.
1015
This report provides an in-depth analysis of the global electrical circuit apparatus market.
1545
This report provides an in-depth analysis of the global circuit breaker market.
1026
This report provides an in-depth analysis of the global electrical fuse market.
57
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.
107
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.
738
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...
791
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>
716
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...
842
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...
915
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...
1238
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...
1002
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...
1426
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...
