Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Nigeria - 2022
Contents:
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Nigeria (CIF) - 2022
- Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Nigeria
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Nigeria (CIF) - 2022
In 2022, the average import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds amounted to $28 per unit, picking up by 44% against the previous year. Overall, the import price recorded a significant expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 63% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($29 per unit), while the price for Hong Kong SAR ($2.6 per unit) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+61.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Nigeria
In 2022, the amount of pocket watches and other watches, including stop-watches; battery or accumulator powereds imported into Nigeria amounted to 1.1K units, remaining constant against the year before. In general, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by 5.8%. As a result, imports attained the peak of 2K units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of pocket watches and other watches, including stop-watches; battery or accumulator powereds soared to $30K in 2022. Overall, imports, however, showed a slight shrinkage. Imports peaked at $35K in 2020; however, from 2021 to 2022, imports failed to regain momentum.
| Import of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.8 | 10.7 | 6.3 | 21.6 | 22.3% |
| United Kingdom | 2.3 | 3.4 | 0.8 | 7.7 | 49.6% |
| Australia | 1.2 | 0.9 | 0.7 | 0.6 | -20.6% |
| South Africa | 0.3 | 0.6 | 0.3 | 0.1 | -30.7% |
| Hong Kong SAR | 2.5 | N/A | 0.2 | N/A | -71.7% |
| India | N/A | 1.7 | 0.8 | N/A | -52.9% |
| United States | 7.5 | 3.8 | 6.4 | N/A | -7.6% |
| Canada | N/A | 6.5 | N/A | N/A | 0% |
| Others | 5.9 | 7.1 | 5.3 | 0.1 | -74.3% |
| Total | 31.5 | 34.7 | 20.8 | 30.1 | -1.5% |
Top Suppliers of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered to Nigeria in 2022:
- China (751.0 units)
- United Kingdom (272.0 units)
- Australia (27.0 units)
- South Africa (12.0 units)
- Hong Kong SAR (7.0 units)
- India (6.0 units)
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