Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Nigeria - 2023
Contents:
- Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Nigeria (CIF) - 2022
- Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Nigeria (FOB) - 2022
- Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Nigeria
- Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Nigeria
Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Nigeria (CIF) - 2022
The average import price for sound recording or reproducing apparatus; turntables (record-decks)s stood at $123 per unit in 2022, remaining stable against the previous year. In general, the import price, however, recorded prominent growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 253%. The import price peaked at $124 per unit in 2021, and then fell slightly in the following year.
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 South Korea ($189 per unit), while the price for Angola ($2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+109.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Nigeria (FOB) - 2022
The average export price for sound recording or reproducing apparatus; turntables (record-decks)s stood at $26 per unit in 2022, approximately equating the previous year. In general, the export price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2013 an increase of 246%. As a result, the export price reached the peak level of $135 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($97 per unit), while the average price for exports to South Korea ($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 Ghana (+2.5%), while the prices for the other major destinations experienced a decline.
Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Nigeria
Imports of sound recording or reproducing apparatus; turntables (record-decks)s into Nigeria shrank significantly to 37 units in 2022, waning by -32.7% on the previous year's figure. Overall, imports faced a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by 129% against the previous year. Imports peaked at 86 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of sound recording or reproducing apparatus; turntables (record-decks)s contracted sharply to $4.5K in 2022. In general, imports recorded a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 246%. Imports peaked at $8.1K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5,138 | 1,521 | 5,218 | 3,620 | -11.0% |
| South Africa | 664 | 177 | 548 | 342 | -19.8% |
| South Korea | 394 | 103 | 309 | 189 | -21.7% |
| United States | 545 | 23.0 | 144 | 147 | -35.4% |
| China | 279 | 27.0 | 240 | 71.0 | -36.6% |
| Singapore | 177 | 41.0 | 99.0 | 68.0 | -27.3% |
| Belgium | 96.0 | 25.0 | 77.0 | 48.0 | -20.6% |
| United Kingdom | 11.0 | 23.0 | 54.0 | 25.0 | 31.5% |
| India | 62.0 | 13.0 | 29.0 | 14.0 | -39.1% |
| Netherlands | 125 | 9.0 | 20.0 | 10.0 | -56.9% |
| Australia | 41.0 | 8.0 | 20.0 | 10.0 | -37.5% |
| Angola | 13.0 | 5.0 | 9.0 | 2.0 | -46.4% |
| Canada | 461 | N/A | N/A | N/A | 0% |
| Others | 63.0 | N/A | 74.0 | N/A | 8.4% |
| Total | 8,069 | 1,975 | 6,841 | 4,546 | -17.4% |
Top Suppliers of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) to Nigeria in 2022:
- Japan (23.0 units)
- South Africa (4.0 units)
- United States (1.0 units)
- Netherlands (1.0 units)
- Angola (1.0 units)
- Singapore (1.0 units)
- India (1.0 units)
- United Kingdom (1.0 units)
- Australia (1.0 units)
- China (1.0 units)
- Belgium (1.0 units)
- South Korea (1.0 units)
Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Nigeria
In 2022, exports of sound recording or reproducing apparatus; turntables (record-decks)s from Nigeria stood at 4 units, remaining constant against 2021. Overall, exports recorded a strong increase. The smallest decline of -33.3% was in 2020. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of sound recording or reproducing apparatus; turntables (record-decks)s amounted to $102 in 2022. Over the period under review, exports enjoyed a temperate increase. The pace of growth appeared the most rapid in 2020 when exports increased by 12%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 84.0 | 96.0 | N/A | 97.0 | 4.9% |
| Angola | N/A | N/A | N/A | 3.0 | 0% |
| Netherlands | 2.0 | 5.0 | N/A | 1.0 | -20.6% |
| South Korea | N/A | N/A | N/A | 1.0 | 0% |
| Thailand | 4.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 90.0 | 101 | N/A | 102 | 4.3% |
Top Export Markets for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) from Nigeria in 2022:
- Ghana (1.0 units)
- South Korea (1.0 units)
- Netherlands (1.0 units)
- Angola (1.0 units)
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