Price for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in Nigeria - 2023
Contents:
- Price for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in Nigeria (CIF) - 2022
- Price for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in Nigeria (FOB) - 2022
- Imports of Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in Nigeria
- Exports of Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in Nigeria
Price for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in Nigeria (CIF) - 2022
The average import price for lightning arresters, voltage limiters and surge suppressors for over 1000 v stood at $2.1 per unit in 2022, with an increase of 125% against the previous year. Overall, the import price enjoyed a pronounced increase. Over the period under review, average import prices reached the maximum at $2.7 per unit in 2015; however, from 2016 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 the United Arab Emirates ($4.8 per unit), while the price for China ($1.7 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 (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in Nigeria (FOB) - 2022
The average export price for lightning arresters, voltage limiters and surge suppressors for over 1000 v stood at $3.4 per unit in 2022, rising by 43% against the previous year. Overall, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 202% against the previous year. As a result, the export price attained the peak level of $18 per unit. From 2021 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Ghana.
From 2012 to 2022, the rate of growth in terms of prices for Tanzania amounted to +37.8% per year.
Imports of Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in Nigeria
In 2022, after three years of growth, there was significant decline in supplies from abroad of lightning arresters, voltage limiters and surge suppressors for over 1000 v, when their volume decreased by -63.6% to 6.3M units. Overall, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 247% against the previous year. Imports peaked at 17M units in 2021, and then contracted notably in the following year.
In value terms, imports of lightning arresters, voltage limiters and surge suppressors for over 1000 v fell rapidly to $13M in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 75% against the previous year. Over the period under review, imports of reached the peak figure at $16M in 2021, and then contracted significantly in the following year.
| Import of Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.3 | 11.3 | 14.8 | 8.4 | 54.0% |
| India | 1.2 | N/A | 0.1 | 2.9 | 34.2% |
| Turkey | 2.8 | 0.1 | 0.2 | 1.3 | -22.6% |
| Others | 0.9 | 1.1 | 1.3 | 1.0 | 3.6% |
| Total | 7.2 | 12.6 | 16.4 | 13.4 | 23.0% |
Top Suppliers of Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V to Nigeria in 2022:
- China (5.0M units)
- India (0.8M units)
- Turkey (0.3M units)
Exports of Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in Nigeria
In 2022, approx. 815 units of lightning arresters, voltage limiters and surge suppressors for over 1000 v were exported from Nigeria; declining by -76.1% on 2021. In general, exports showed a sharp descent. The pace of growth was the most pronounced in 2021 when exports increased by 3,958%. Over the period under review, the exports of reached the peak figure at 3.9K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of lightning arresters, voltage limiters and surge suppressors for over 1000 v reduced sharply to $2.8K in 2022. Overall, exports recorded a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 450%. Over the period under review, the exports of attained the peak figure at $23K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 2.3 | N/A | 5.8 | 2.8 | 6.8% |
| Benin | N/A | N/A | 0.5 | N/A | 0% |
| Cote d'Ivoire | 6.4 | 1.5 | 1.9 | N/A | -45.5% |
| Zimbabwe | N/A | N/A | N/A | N/A | 0% |
| Others | 14.2 | N/A | N/A | N/A | 0% |
| Total | 23.1 | 1.5 | 8.2 | 2.8 | -50.5% |
Top Export Markets for Lightning Arresters, Voltage Limiters and Surge Suppressors for over 1000 V from Nigeria in 2022:
- Ghana (815.0 units)
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