Price for Postage-Franking Machines, Ticket-Issuing Machines Which Print Tickets in Nigeria - 2022

Contents:

  1. Price for Postage-Franking Machines, Ticket-Issuing Machines Which Print Tickets in Nigeria (CIF) - 2022
  2. Price for Postage-Franking Machines, Ticket-Issuing Machines Which Print Tickets in Nigeria (FOB) - 2022
  3. Imports of Postage-Franking Machines, Ticket-Issuing Machines Which Print Tickets in Nigeria
  4. Exports of Postage-Franking Machines, Ticket-Issuing Machines Which Print Tickets in Nigeria

Price for Postage-Franking Machines, Ticket-Issuing Machines Which Print Tickets in Nigeria (CIF) - 2022

The average import price for postage-franking machines, ticket-issuing machines which print ticketses stood at $249 per unit in 2022, picking up by 9.7% against the previous year. Over the period under review, the import price, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 25% against the previous year. The import price peaked at $354 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 India ($393 per unit), while the price for South Africa ($50 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Postage-Franking Machines, Ticket-Issuing Machines Which Print Tickets in Nigeria (FOB) - 2022

The average export price for postage-franking machines, ticket-issuing machines which print ticketses stood at $126 per unit in 2022, with a decrease of -64.2% against the previous year. Over the period under review, the export price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 463% against the previous year. The export price peaked at $1,885 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($321 per unit), while the average price for exports to Kenya ($1 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 France (+56.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Postage-Franking Machines, Ticket-Issuing Machines Which Print Tickets in Nigeria

Imports of postage-franking machines, ticket-issuing machines which print ticketses into Nigeria skyrocketed to 2.5K units in 2022, picking up by 61% compared with 2021. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by 115% against the previous year. As a result, imports reached the peak of 3.4K units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of postage-franking machines, ticket-issuing machines which print ticketses skyrocketed to $634K in 2022. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 90% against the previous year. As a result, imports reached the peak of $778K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Postage-Franking Machines, Ticket-Issuing Machines Which Print Tickets in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States13530816635838.4%
India11.59.73.777.088.5%
Hong Kong SAR17.36.70.654.947.0%
Lebanon56.360.137.946.9-5.9%
Taiwan (Chinese)3.621.214.927.997.9%
Netherlands12.516.512.819.616.2%
Japan54.242.319.511.0-41.2%
China67.572.625.86.5-54.2%
Singapore3.578.615.96.321.6%
South Africa7.131.03.22.4-30.3%
Others42.413257.823.3-18.1%
Total41177835863415.5%

Top Suppliers of Postage-Franking Machines, Ticket-Issuing Machines Which Print Tickets to Nigeria in 2022:

  1. United States (1736.0 units)
  2. India (196.0 units)
  3. Hong Kong SAR (157.0 units)
  4. Lebanon (134.0 units)
  5. Taiwan (Chinese) (80.0 units)
  6. Netherlands (57.0 units)
  7. South Africa (47.0 units)
  8. Japan (33.0 units)
  9. Singapore (20.0 units)
  10. China (20.0 units)

Exports of Postage-Franking Machines, Ticket-Issuing Machines Which Print Tickets in Nigeria

In 2022, shipments abroad of postage-franking machines, ticket-issuing machines which print ticketses decreased by -60% to 6 units, falling for the second consecutive year after two years of growth. Overall, exports showed a precipitous setback. The pace of growth appeared the most rapid in 2020 with an increase of 68% against the previous year. As a result, the exports attained the peak of 37 units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of postage-franking machines, ticket-issuing machines which print ticketses fell markedly to $756 in 2022. Over the period under review, exports showed a precipitous shrinkage. The growth pace was the most rapid in 2020 with an increase of 2.2% against the previous year. As a result, the exports attained the peak of $18K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Postage-Franking Machines, Ticket-Issuing Machines Which Print Tickets in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ghana6.05.12.30.3-63.2%
France7.55.62.10.3-65.8%
Cote d'Ivoire2.45.00.80.1-65.3%
Niger0.10.1N/AN/A0.0%
Kenya0.70.1N/AN/A-85.7%
TanzaniaN/A1.1N/AN/A0%
South AfricaN/A0.4N/AN/A0%
CanadaN/AN/AN/AN/A0%
Others0.40.2N/AN/A-50.0%
Total17.217.65.30.8-64.0%

Top Export Markets for Postage-Franking Machines, Ticket-Issuing Machines Which Print Tickets from Nigeria in 2022:

  1. Ghana (1.0 units)
  2. South Africa (1.0 units)
  3. France (1.0 units)
  4. Kenya (1.0 units)
  5. Niger (1.0 units)
  6. Cote d'Ivoire (1.0 units)

Source: IndexBox Market Intelligence Platform

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