Price for Printed Matter; Dictionaries, Encyclopaedias and Serial Instalments Thereof in Nigeria - 2023

Contents:

  1. Price for Printed Matter; Dictionaries, Encyclopaedias and Serial Instalments Thereof in Nigeria (CIF) - 2022
  2. Price for Printed Matter; Dictionaries, Encyclopaedias and Serial Instalments Thereof in Nigeria (FOB) - 2022
  3. Imports of Printed Matter; Dictionaries, Encyclopaedias and Serial Instalments Thereof in Nigeria
  4. Exports of Printed Matter; Dictionaries, Encyclopaedias and Serial Instalments Thereof in Nigeria

Price for Printed Matter; Dictionaries, Encyclopaedias and Serial Instalments Thereof in Nigeria (CIF) - 2022

The average import price for printed matter; dictionaries, encyclopaedias and serial instalments thereoves stood at $1.3 per unit in 2022, rising by 14% against the previous year. Overall, the import price, however, recorded a perceptible downturn. The growth pace was the most rapid in 2013 when the average import price increased by 57% against the previous year. As a result, import price reached the peak level of $2.6 per unit. From 2014 to 2022, the average 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 UK ($4.3 per unit), while the price for China ($0.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.2%), while the prices for the other major suppliers experienced a decline.

Price for Printed Matter; Dictionaries, Encyclopaedias and Serial Instalments Thereof in Nigeria (FOB) - 2022

In 2022, the average export price for printed matter; dictionaries, encyclopaedias and serial instalments thereoves amounted to $2.5 per unit, with an increase of 48% against the previous year. In general, the export price enjoyed temperate growth. The growth pace was the most rapid in 2019 an increase of 378% against the previous year. Over the period under review, the average export prices attained the peak figure at $2.9 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat 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 Democratic Republic of the Congo amounted to +81.5% per year.

Imports of Printed Matter; Dictionaries, Encyclopaedias and Serial Instalments Thereof in Nigeria

In 2022, purchases abroad of printed matter; dictionaries, encyclopaedias and serial instalments thereoves decreased by -48.1% to 109K units, falling for the second year in a row after two years of growth. Overall, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 79%. As a result, imports attained the peak of 287K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of printed matter; dictionaries, encyclopaedias and serial instalments thereoves reduced remarkably to $140K in 2022. Over the period under review, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2020 when imports increased by 36%. As a result, imports reached the peak of $247K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Printed Matter; Dictionaries, Encyclopaedias and Serial Instalments Thereof in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States4.36.92.397.6183.1%
United Kingdom54.141.94.412.0-39.5%
Germany0.2N/A0.211.8289.3%
China23.490.654.77.6-31.3%
United Arab Emirates23.8N/AN/A3.8-45.7%
India29.516.31623.8-49.5%
Russia3.117.5N/AN/A464.5%
Seychelles18.8N/AN/AN/A0%
Turkey2.556.2N/AN/A2148.0%
Others22.017.512.52.9-49.1%
Total182247236140-8.4%

Top Suppliers of Printed Matter; Dictionaries, Encyclopaedias and Serial Instalments Thereof to Nigeria in 2022:

  1. United States (82.3K units)
  2. China (9.4K units)
  3. Germany (8.1K units)
  4. India (3.3K units)
  5. United Arab Emirates (3.2K units)
  6. United Kingdom (2.8K units)

Exports of Printed Matter; Dictionaries, Encyclopaedias and Serial Instalments Thereof in Nigeria

In 2022, approx. 147 units of printed matter; dictionaries, encyclopaedias and serial instalments thereoves were exported from Nigeria; shrinking by -97.9% compared with 2021 figures. Overall, exports recorded a precipitous decline. The pace of growth was the most pronounced in 2021 with an increase of 768% against the previous year. As a result, the exports reached the peak of 7K units, and then fell dramatically in the following year.

In value terms, exports of printed matter; dictionaries, encyclopaedias and serial instalments thereoves shrank remarkably to $373 in 2022. In general, exports recorded a dramatic setback. The pace of growth appeared the most rapid in 2021 when exports increased by 1,143%. As a result, the exports attained the peak of $12K, and then dropped rapidly in the following year.

Export of Printed Matter; Dictionaries, Encyclopaedias and Serial Instalments Thereof in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ghana2.7N/A11.80.3-51.9%
Cameroon0.6N/AN/AN/A0%
Democratic Republic of the Congo2.10.3N/AN/A-85.7%
South Africa0.6N/AN/AN/A0%
OthersN/A0.70.20.1-62.2%
Total5.91.011.90.4-59.2%

Top Export Markets for Printed Matter; Dictionaries, Encyclopaedias and Serial Instalments Thereof from Nigeria in 2022:

  1. Ghana (143.0 units)

Source: IndexBox Market Intelligence Platform

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