Nigeria - Network Communications Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNetwork Communications Equipment Price in Nigeria - 2022
Contents:
- Network Communications Equipment Price in Nigeria (CIF) - 2022
- Network Communications Equipment Price in Nigeria (FOB) - 2022
- Network Communications Equipment Imports in Nigeria
- Network Communications Equipment Exports in Nigeria
Network Communications Equipment Price in Nigeria (CIF) - 2022
In 2022, the average network communications equipment import price amounted to $152 per unit, reducing by -29.1% against the previous year. In general, the import price saw a deep slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 93%. Over the period under review, average import prices reached the peak figure at $285 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 United States ($409 per unit), while the price for China ($60 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 States (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Network Communications Equipment Price in Nigeria (FOB) - 2022
The average network communications equipment export price stood at $331 per unit in 2022, increasing by 30% against the previous year. In general, the export price continues to indicate a temperate increase. The pace of growth was the most pronounced in 2018 an increase of 73%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($511 per unit), while the average price for exports to Canada ($126 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 Canada (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.
Network Communications Equipment Imports in Nigeria
In 2022, purchases abroad of network communications equipment decreased by -48.4% to 18K units, falling for the second year in a row after two years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 197%. As a result, imports attained the peak of 53K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, network communications equipment imports contracted markedly to $2.7M in 2022. Over the period under review, imports saw a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 245%. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Network Communications Equipment in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 204 | 328 | 183 | 896 | 63.8% |
China | 994 | 2,334 | 1,523 | 304 | -32.6% |
United Arab Emirates | 74.5 | 165 | 631 | 249 | 49.5% |
United States | 930 | 917 | 1,000 | 179 | -42.3% |
Hong Kong SAR | 24.1 | 7.7 | 2.6 | 98.4 | 59.8% |
Germany | 41.9 | 723 | 77.0 | 91.2 | 29.6% |
Czech Republic | 61.2 | 27.0 | 1.1 | 80.5 | 9.6% |
Switzerland | 2.8 | 265 | 3.3 | 36.8 | 136.0% |
Ireland | 9.6 | 19.2 | 9.4 | 34.7 | 53.5% |
Others | 1,657 | 8,990 | 4,053 | 770 | -22.5% |
Total | 3,998 | 13,775 | 7,484 | 2,739 | -11.8% |
Top Suppliers of Network Communications Equipment to Nigeria in 2022:
- United Kingdom (7.4K units)
- China (5.1K units)
- Hong Kong SAR (1.2K units)
- Czech Republic (0.8K units)
- United Arab Emirates (0.7K units)
- Ireland (0.5K units)
- United States (0.4K units)
- Germany (0.4K units)
- Switzerland (0.3K units)
Network Communications Equipment Exports in Nigeria
In 2022, exports of network communications equipment from Nigeria dropped markedly to 391 units, declining by -36.6% on the year before. Overall, exports showed a dramatic slump. The pace of growth appeared the most rapid in 2021 with an increase of 21%. Over the period under review, the exports attained the maximum at 1.1K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, network communications equipment exports dropped markedly to $129K in 2022. Over the period under review, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 54%. Over the period under review, the exports attained the peak figure at $216K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Network Communications Equipment in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malawi | 79.3 | 53.6 | 69.6 | 67.6 | -5.2% |
Cote d'Ivoire | 18.8 | 8.8 | 19.8 | 16.1 | -5.0% |
Netherlands | 29.1 | 3.4 | 8.3 | 16.0 | -18.1% |
Belgium | 13.9 | 9.4 | 12.2 | 11.8 | -5.3% |
United Kingdom | 12.7 | 4.9 | 5.8 | 5.1 | -26.2% |
Germany | 16.2 | 5.6 | 2.3 | 4.9 | -32.9% |
United States | 23.2 | 7.9 | 5.1 | 1.5 | -59.9% |
Benin | 2.6 | 1.7 | N/A | N/A | -34.6% |
Ethiopia | N/A | N/A | 25.1 | N/A | 0% |
Tanzania | 3.0 | 0.6 | 0.3 | N/A | -68.4% |
Others | 16.8 | 5.9 | 8.2 | 6.1 | -28.7% |
Total | 216 | 102 | 157 | 129 | -15.8% |
Top Export Markets for Network Communications Equipment from Nigeria in 2022:
- Malawi (207.0 units)
- Cote d'Ivoire (50.0 units)
- Netherlands (49.0 units)
- Belgium (36.0 units)
- United Kingdom (10.0 units)
- United States (5.0 units)
- Germany (4.0 units)
- Tanzania (1.0 units)
- Benin (1.0 units)
This report provides an in-depth analysis of the network communications equipment market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26122000 - Network communications equipment (e.g. hubs, routers, g ateways) for LANs and WANs and sound, video, network and similar cards for automatic data processing machines
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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