Price for Lamps; Discharge, (Excluding Ultra-Violet), Fluorescent, Hot Cathode in Nigeria - 2022
Contents:
- Price for Lamps; Discharge, (Excluding Ultra-Violet), Fluorescent, Hot Cathode in Nigeria (CIF) - 2022
- Imports of Lamps; Discharge, (Excluding Ultra-Violet), Fluorescent, Hot Cathode in Nigeria
Price for Lamps; Discharge, (Excluding Ultra-Violet), Fluorescent, Hot Cathode in Nigeria (CIF) - 2022
The average import price for lamps; discharge, (excluding ultra-violet), fluorescent, hot cathodes stood at $1.2 per unit in 2022, growing by 3.5% against the previous year. In general, the import price, however, showed a noticeable descent. The growth pace was the most rapid in 2013 an increase of 16%. As a result, import price reached the peak level of $1.7 per unit. From 2014 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($1.2 per unit), while the price for China ($1.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.0%), while the prices for the other major suppliers experienced a decline.
Imports of Lamps; Discharge, (Excluding Ultra-Violet), Fluorescent, Hot Cathode in Nigeria
In 2022, approx. 10M units of lamps; discharge, (excluding ultra-violet), fluorescent, hot cathodes were imported into Nigeria; jumping by 69% compared with the year before. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 81%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.
In value terms, imports of lamps; discharge, (excluding ultra-violet), fluorescent, hot cathodes skyrocketed to $12M in 2022. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 91% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Lamps; Discharge, (Excluding Ultra-Violet), Fluorescent, Hot Cathode in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.2 | 4.8 | 6.3 | 11.5 | 73.6% |
| United Kingdom | 0.1 | 0.1 | 0.3 | 0.4 | 58.7% |
| Netherlands | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Others | 0.6 | 0.6 | 0.4 | 0.3 | -20.6% |
| Total | 2.9 | 5.6 | 7.1 | 12.4 | 62.3% |
Top Suppliers of Lamps; Discharge, (Excluding Ultra-Violet), Fluorescent, Hot Cathode to Nigeria in 2022:
- China (9.4M units)
- United Kingdom (0.4M units)
- Netherlands (0.2M units)
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