Price for Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Nigeria - 2022
Contents:
- Price for Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Nigeria (CIF) - 2022
- Price for Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Nigeria (FOB) - 2022
- Imports of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Nigeria
- Exports of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Nigeria
Price for Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Nigeria (CIF) - 2022
In 2022, the average import price for printing machinery; offset, (excluding reel or sheet fed)s amounted to $3,191 per unit, waning by -61.1% against the previous year. Overall, the import price saw a abrupt descent. The pace of growth was the most pronounced in 2021 when the average import price increased by 146% against the previous year. The import price peaked at $21,306 per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 the UK ($40,688 per unit), while the price for China ($1,577 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.4%), while the prices for the other major suppliers experienced a decline.
Price for Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Nigeria (FOB) - 2022
In 2022, the average export price for printing machinery; offset, (excluding reel or sheet fed)s amounted to $1,194 per unit, with a decrease of -21.2% against the previous year. Overall, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 549% against the previous year. The export price peaked at $3,342 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($5,028 per unit), while the average price for exports to Uganda ($37 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 Uganda (+164.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Nigeria
Imports of printing machinery; offset, (excluding reel or sheet fed)s into Nigeria skyrocketed to 2K units in 2022, picking up by 192% compared with the previous year. Overall, imports recorded a slight increase. Imports peaked at 3.3K units in 2020; however, from 2021 to 2022, imports failed to regain momentum.
In value terms, imports of printing machinery; offset, (excluding reel or sheet fed)s expanded sharply to $6.3M in 2022. Over the period under review, imports, however, continue to indicate a deep slump. Over the period under review, imports of reached the peak figure at $11M in 2020; however, from 2021 to 2022, imports remained at a lower figure.
| Import of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,501 | 2,535 | 270 | 2,454 | 17.8% |
| United Kingdom | 167 | 757 | 46.7 | 1,302 | 98.3% |
| India | 144 | 123 | 181 | 657 | 65.9% |
| United States | 196 | 297 | 82.6 | 468 | 33.7% |
| Germany | 852 | 233 | 451 | 437 | -20.0% |
| Hong Kong SAR | 2.5 | 133 | 1.1 | 292 | 388.8% |
| Canada | 64.8 | 89.1 | 0.7 | 128 | 25.5% |
| Antigua and Barbuda | 5,001 | 5,805 | 3,736 | N/A | -13.6% |
| Others | 2,041 | 1,076 | 770 | 551 | -35.4% |
| Total | 9,970 | 11,047 | 5,539 | 6,289 | -14.2% |
Top Suppliers of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) to Nigeria in 2022:
- China (1556.0 units)
- India (144.0 units)
- Germany (70.0 units)
- Hong Kong SAR (54.0 units)
- Canada (33.0 units)
- United Kingdom (32.0 units)
- United States (30.0 units)
Exports of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Nigeria
In 2022, after three years of growth, there was significant decline in shipments abroad of printing machinery; offset, (excluding reel or sheet fed)s, when their volume decreased by -10% to 18 units. The total export volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. As a result, the exports attained the peak of 20 units, and then fell in the following year.
In value terms, exports of printing machinery; offset, (excluding reel or sheet fed)s dropped markedly to $21K in 2022. In general, exports, however, continue to indicate strong growth. The growth pace was the most rapid in 2020 with an increase of 111% against the previous year. Over the period under review, the exports of attained the maximum at $30K in 2021, and then dropped rapidly in the following year.
| Export of Printing Machinery; Offset, (Excluding Reel or Sheet Fed) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.1 | 6.6 | 6.3 | 5.0 | 17.3% |
| Zambia | 2.8 | 5.9 | 5.6 | 4.5 | 17.1% |
| Senegal | 2.7 | 7.1 | 5.6 | 3.8 | 12.1% |
| Niger | 2.1 | 1.4 | 0.2 | 2.7 | 8.7% |
| Benin | 0.3 | 3.0 | 2.0 | 1.7 | 78.3% |
| Ghana | 1.4 | 2.5 | 2.1 | 1.4 | 0.0% |
| South Africa | N/A | 1.1 | 1.7 | 1.2 | 4.4% |
| Sao Tome and Principe | 0.2 | 0.4 | 0.3 | 0.3 | 14.5% |
| Australia | N/A | N/A | N/A | 0.2 | 0% |
| Gabon | 0.4 | 0.4 | 0.1 | 0.2 | -20.6% |
| Cote d'Ivoire | 0.2 | 0.4 | 0.1 | 0.2 | 0.0% |
| Austria | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
| Uganda | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Others | 1.0 | 0.8 | 5.9 | 0.2 | -41.5% |
| Total | 14.2 | 30.0 | 30.3 | 21.5 | 14.8% |
Top Export Markets for Printing Machinery; Offset, (Excluding Reel or Sheet Fed) from Nigeria in 2022:
- Zambia (3.0 units)
- Niger (3.0 units)
- Ghana (1.0 units)
- Sao Tome and Principe (1.0 units)
- Australia (1.0 units)
- South Africa (1.0 units)
- Austria (1.0 units)
- Senegal (1.0 units)
- Gabon (1.0 units)
- Uganda (1.0 units)
- Germany (1.0 units)
- Cote d'Ivoire (1.0 units)
- Benin (1.0 units)
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