Price for Navigational Instruments and Appliances; Parts and Accessories in Nigeria - 2023
Contents:
- Price for Navigational Instruments and Appliances; Parts and Accessories in Nigeria (CIF) - 2022
- Price for Navigational Instruments and Appliances; Parts and Accessories in Nigeria (FOB) - 2022
- Imports of Navigational Instruments and Appliances; Parts and Accessories in Nigeria
- Exports of Navigational Instruments and Appliances; Parts and Accessories in Nigeria
Price for Navigational Instruments and Appliances; Parts and Accessories in Nigeria (CIF) - 2022
The average import price for navigational instruments and appliances; parts and accessorieses stood at $63,937 per ton in 2022, reducing by -27.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 100%. The import price peaked at $174,113 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($288,656 per ton), while the price for India ($24,834 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Navigational Instruments and Appliances; Parts and Accessories in Nigeria (FOB) - 2022
The average export price for navigational instruments and appliances; parts and accessorieses stood at $243,260 per ton in 2022, with an increase of 13% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 an increase of 145%. Over the period under review, the average export prices attained the peak figure at $885,857 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($257,059 per ton), while the average price for exports to Germany ($130,381 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+68.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Navigational Instruments and Appliances; Parts and Accessories in Nigeria
In 2022, supplies from abroad of navigational instruments and appliances; parts and accessorieses increased by 362% to 5.4 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a slight downturn.
In value terms, imports of navigational instruments and appliances; parts and accessorieses soared to $345K in 2022. Overall, imports, however, continue to indicate a abrupt downturn.
| Import of Navigational Instruments and Appliances; Parts and Accessories in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | 0.9 | 1.4 | 132 | 1111.1% |
| Germany | 44.1 | 38.1 | 15.0 | 44.5 | 0.3% |
| United States | 46.9 | 179 | 9.4 | 28.9 | -14.9% |
| Netherlands | 17.1 | 15.9 | 2.6 | 21.0 | 7.1% |
| United Kingdom | 120 | 18.4 | 9.8 | 13.1 | -52.2% |
| Japan | 1.0 | 19.0 | 3.3 | 9.9 | 114.7% |
| India | 0.8 | 1.4 | 2.5 | 9.1 | 124.9% |
| France | 7.4 | 66.7 | 12.4 | 5.6 | -8.9% |
| Singapore | 13.7 | 4.6 | 33.8 | 4.0 | -33.7% |
| China | 16.6 | N/A | 0.3 | N/A | -86.6% |
| Others | 152 | 38.9 | 12.3 | 77.7 | -20.0% |
| Total | 420 | 383 | 103 | 345 | -6.3% |
Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Nigeria in 2022:
- Italy (3866.0 kg)
- India (368.0 kg)
- United Kingdom (255.0 kg)
- United States (220.0 kg)
- Germany (154.0 kg)
- Japan (141.0 kg)
- Netherlands (92.0 kg)
- France (70.0 kg)
- Singapore (55.0 kg)
Exports of Navigational Instruments and Appliances; Parts and Accessories in Nigeria
In 2022, approx. 546 kg of navigational instruments and appliances; parts and accessorieses were exported from Nigeria; with a decrease of -28.2% on the year before. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 476% against the previous year. As a result, the exports reached the peak of 760 kg, and then dropped notably in the following year.
In value terms, exports of navigational instruments and appliances; parts and accessorieses reduced sharply to $133K in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,126%. As a result, the exports reached the peak of $164K, and then contracted rapidly in the following year.
| Export of Navigational Instruments and Appliances; Parts and Accessories in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 9.9 | 0.5 | 77.5 | 125 | 132.9% |
| France | 19.2 | 0.1 | 9.2 | 4.0 | -40.7% |
| Germany | 1.1 | 6.2 | 60.6 | 2.7 | 34.9% |
| Czech Republic | 32.9 | N/A | N/A | 0.5 | -75.2% |
| United Kingdom | 1.2 | 6.1 | N/A | N/A | 408.3% |
| Mauritania | N/A | N/A | 0.1 | N/A | 0% |
| Others | 5.9 | 0.4 | 16.6 | 0.2 | -67.6% |
| Total | 70.2 | 13.4 | 164 | 133 | 23.7% |
Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Nigeria in 2022:
- Netherlands (488.0 kg)
- France (28.0 kg)
- Germany (21.0 kg)
- Czech Republic (5.0 kg)
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