Price for Trade Advertising Material and Commercial Catalogue in Nigeria - 2022
Contents:
- Price for Trade Advertising Material and Commercial Catalogue in Nigeria (CIF) - 2022
- Imports of Trade Advertising Material and Commercial Catalogue in Nigeria
Price for Trade Advertising Material and Commercial Catalogue in Nigeria (CIF) - 2022
The average import price for trade advertising materials and commercial catalogues stood at $5,131 per ton in 2022, picking up by 8.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2016 an increase of 57%. Over the period under review, average import prices reached the peak figure at $6,296 per ton in 2014; however, from 2015 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 the UK ($11,812 per ton), while the price for China ($1,697 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Trade Advertising Material and Commercial Catalogue in Nigeria
Imports of trade advertising materials and commercial catalogues into Nigeria totaled 674 tons in 2022, with an increase of 6.6% against the previous year's figure. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of trade advertising materials and commercial catalogues skyrocketed to $3.5M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +108.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Trade Advertising Material and Commercial Catalogue in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 767 | 490 | 320 | 870 | 4.3% |
| Malaysia | 10.2 | 0.1 | 1,091 | 495 | 264.8% |
| China | 368 | 298 | 257 | 467 | 8.3% |
| Germany | 55.1 | 138 | 58.4 | 299 | 75.7% |
| Netherlands | 126 | 1.0 | 2.1 | 180 | 12.6% |
| India | 83.5 | 145 | 52.1 | 34.4 | -25.6% |
| Others | 1,227 | 585 | 1,221 | 1,116 | -3.1% |
| Total | 2,636 | 1,658 | 3,002 | 3,460 | 9.5% |
Top Suppliers of Trade Advertising Material and Commercial Catalogue to Nigeria in 2022:
- China (275.1 tons)
- Malaysia (181.4 tons)
- South Africa (93.3 tons)
- Germany (33.1 tons)
- Netherlands (19.0 tons)
- India (10.2 tons)
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