Price for Printing Machinery; Letterpress, Other than Reel-Fed, Excluding Flexographic Printing in Nigeria - 2022
Contents:
- Price for Printing Machinery; Letterpress, Other than Reel-Fed, Excluding Flexographic Printing in Nigeria (CIF) - 2022
- Imports of Printing Machinery; Letterpress, Other than Reel-Fed, Excluding Flexographic Printing in Nigeria
Price for Printing Machinery; Letterpress, Other than Reel-Fed, Excluding Flexographic Printing in Nigeria (CIF) - 2022
The average import price for printing machinery; letterpress, other than reel-fed, excluding flexographic printings stood at $209,151 per unit in 2022, increasing by 4,681% against the previous year. Over the period under review, the import price saw a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +41.9% per year.
Imports of Printing Machinery; Letterpress, Other than Reel-Fed, Excluding Flexographic Printing in Nigeria
In 2022, overseas purchases of printing machinery; letterpress, other than reel-fed, excluding flexographic printings decreased by -97.1% to 1 units, falling for the second year in a row after two years of growth. In general, imports faced a sharp decrease. The pace of growth was the most pronounced in 2020 when imports increased by 110% against the previous year. As a result, imports attained the peak of 65 units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of printing machinery; letterpress, other than reel-fed, excluding flexographic printings soared to $209K in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 88% against the previous year. As a result, imports attained the peak of $286K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Printing Machinery; Letterpress, Other than Reel-Fed, Excluding Flexographic Printing in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 101 | 99.5 | 65.5 | 209 | 27.4% |
| Hong Kong SAR | 15.9 | 21.4 | 14.8 | N/A | -3.5% |
| Cote d'Ivoire | N/A | N/A | 3.5 | N/A | 0% |
| Belgium | 0.3 | 0.1 | 5.2 | N/A | 316.3% |
| Germany | 28.5 | 74.0 | 50.6 | N/A | 33.2% |
| United Kingdom | 0.5 | 1.7 | 1.5 | N/A | 73.2% |
| India | 1.0 | 1.5 | 1.1 | N/A | 4.9% |
| Japan | N/A | 81.9 | N/A | N/A | 0% |
| Italy | 1.3 | 1.7 | 1.1 | N/A | -8.0% |
| Netherlands | 2.6 | 4.3 | 4.7 | N/A | 34.5% |
| Others | 1.8 | 0.2 | 0.7 | N/A | -37.6% |
| Total | 153 | 286 | 149 | 209 | 11.0% |
Top Suppliers of Printing Machinery; Letterpress, Other than Reel-Fed, Excluding Flexographic Printing to Nigeria in 2022:
- China (1.0 units)
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