Price for Engravings, Prints and Lithographs; Original in Nigeria - 2022
Contents:
- Price for Engravings, Prints and Lithographs; Original in Nigeria (CIF) - 2022
- Price for Engravings, Prints and Lithographs; Original in Nigeria (FOB) - 2022
- Imports of Engravings, Prints and Lithographs; Original in Nigeria
- Exports of Engravings, Prints and Lithographs; Original in Nigeria
Price for Engravings, Prints and Lithographs; Original in Nigeria (CIF) - 2022
In 2022, the average import price for engravings, prints and lithographs; originals amounted to $23 per unit, falling by -8.7% against the previous year. Over the period under review, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2014 an increase of 2,089%. As a result, import price attained the peak level of $108 per unit. From 2015 to 2022, the average 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 South Africa ($93 per unit), while the price for Turkey ($1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Engravings, Prints and Lithographs; Original in Nigeria (FOB) - 2022
In 2022, the average export price for engravings, prints and lithographs; originals amounted to $135 per unit, jumping by 110% against the previous year. Overall, the export price continues to indicate a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($1,214 per unit), while the average price for exports to Germany ($14 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 South Africa (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Engravings, Prints and Lithographs; Original in Nigeria
In 2022, the amount of engravings, prints and lithographs; originals imported into Nigeria surged to 3.5K units, growing by 509% against 2021. Overall, imports continue to indicate significant growth. Imports peaked at 4.3K units in 2020; however, from 2021 to 2022, imports failed to regain momentum.
In value terms, engravings, prints and lithographs; original imports skyrocketed to $78K in 2022. Over the period under review, imports recorded a significant increase. Imports peaked at $142K in 2020; however, from 2021 to 2022, imports failed to regain momentum.
| Import of Engravings, Prints and Lithographs; Original in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 27.2 | 118 | 1.9 | 38.0 | 11.8% |
| Denmark | N/A | N/A | N/A | 9.6 | 0% |
| South Africa | 2.1 | 7.5 | 3.4 | 7.3 | 51.5% |
| United States | 0.4 | 0.4 | N/A | 7.2 | 162.1% |
| China | 2.0 | 5.3 | 2.2 | 4.7 | 33.0% |
| United Arab Emirates | 0.5 | 1.7 | 0.6 | 1.1 | 30.1% |
| Turkey | N/A | N/A | N/A | 0.1 | 0% |
| Hong Kong SAR | 0.2 | N/A | N/A | N/A | 0% |
| Egypt | 0.2 | N/A | N/A | N/A | 0% |
| Australia | N/A | 8.2 | N/A | N/A | 0% |
| Israel | N/A | N/A | 0.7 | N/A | 0% |
| Others | 0.3 | N/A | 5.2 | 9.7 | 218.6% |
| Total | 32.8 | 142 | 14.0 | 77.8 | 33.4% |
Top Suppliers of Engravings, Prints and Lithographs; Original to Nigeria in 2022:
- United States (980.0 units)
- Denmark (637.0 units)
- United Kingdom (586.0 units)
- China (312.0 units)
- Turkey (149.0 units)
- South Africa (78.0 units)
- United Arab Emirates (72.0 units)
Exports of Engravings, Prints and Lithographs; Original in Nigeria
In 2022, overseas shipments of engravings, prints and lithographs; originals decreased by -51.2% to 473 units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 689%. As a result, the exports reached the peak of 2K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, engravings, prints and lithographs; original exports rose modestly to $64K in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 508%. As a result, the exports reached the peak of $66K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Engravings, Prints and Lithographs; Original in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | N/A | 13.2 | 0% |
| United Kingdom | 0.8 | 30.0 | 15.6 | 11.4 | 142.4% |
| South Africa | 0.8 | 8.1 | 4.1 | 11.3 | 141.7% |
| United States | 8.2 | 12.4 | 2.1 | 5.9 | -10.4% |
| Switzerland | N/A | N/A | 38.2 | 1.8 | -95.3% |
| Netherlands | 0.1 | 0.2 | 0.2 | 0.7 | 91.3% |
| Germany | 0.1 | 0.2 | 0.3 | 0.3 | 44.2% |
| Others | 0.8 | 14.6 | 1.9 | 19.4 | 189.4% |
| Total | 10.8 | 65.6 | 62.4 | 64.0 | 81.0% |
Top Export Markets for Engravings, Prints and Lithographs; Original from Nigeria in 2022:
- United Kingdom (281.0 units)
- Netherlands (44.0 units)
- South Africa (37.0 units)
- Switzerland (30.0 units)
- United States (24.0 units)
- Germany (18.0 units)
- Italy (11.0 units)
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