Price for Electronic Integrated Circuits; Amplifiers in Nigeria - 2022
Contents:
- Price for Electronic Integrated Circuits; Amplifiers in Nigeria (CIF) - 2022
- Price for Electronic Integrated Circuits; Amplifiers in Nigeria (FOB) - 2022
- Imports of Electronic Integrated Circuits; Amplifiers in Nigeria
- Exports of Electronic Integrated Circuits; Amplifiers in Nigeria
Price for Electronic Integrated Circuits; Amplifiers in Nigeria (CIF) - 2022
The average electronic integrated circuits; amplifiers import price stood at $0.8 per unit in 2022, reducing by -5.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2014 when the average import price increased by 27%. As a result, import price reached the peak level of $0.9 per unit. From 2015 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($0.8 per unit), while the price for the United States amounted to $0.7 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.3%).
Price for Electronic Integrated Circuits; Amplifiers in Nigeria (FOB) - 2022
The average electronic integrated circuits; amplifiers export price stood at $2.7 per unit in 2022, rising by 174% against the previous year. In general, the export price saw a noticeable increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 361% against the previous year. The export price peaked at $16 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($2.7 per unit), while the average price for exports to the Netherlands amounted to $0.9 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+66.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electronic Integrated Circuits; Amplifiers in Nigeria
In 2022, after three years of growth, there was significant decline in overseas purchases of electronic integrated circuits, when their volume decreased by -16.4% to 8M units. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 486% against the previous year. Imports peaked at 9.5M units in 2021, and then declined remarkably in the following year.
In value terms, electronic integrated circuits; amplifiers imports dropped significantly to $6.3M in 2022. In general, imports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 409% against the previous year. Over the period under review, imports hit record highs at $7.9M in 2021, and then declined significantly in the following year.
| Import of Electronic Integrated Circuits; Amplifiers in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.7 | 4.4 | 7.6 | 5.8 | 102.4% |
| Others | 0.2 | 0.3 | 0.3 | 0.4 | 26.0% |
| Total | 0.9 | 4.6 | 7.9 | 6.3 | 91.3% |
Top Suppliers of Electronic Integrated Circuits; Amplifiers to Nigeria in 2022:
- China (7.7M units)
Exports of Electronic Integrated Circuits; Amplifiers in Nigeria
In 2022, shipments abroad of electronic integrated circuits decreased by -72.1% to 5.7K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 667% against the previous year. Over the period under review, the exports reached the maximum at 20K units in 2021, and then dropped remarkably in the following year.
In value terms, electronic integrated circuits; amplifiers exports declined remarkably to $15K in 2022. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 850%. The exports peaked at $20K in 2021, and then shrank sharply in the following year.
| Export of Electronic Integrated Circuits; Amplifiers in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | 2.5 | N/A | 15.0 | 144.9% |
| Netherlands | 0.2 | N/A | 0.2 | 0.1 | -20.6% |
| Cote d'Ivoire | 0.4 | N/A | N/A | N/A | 0% |
| Norway | N/A | N/A | 13.9 | N/A | 0% |
| Germany | N/A | 1.5 | N/A | N/A | 0% |
| Italy | N/A | N/A | 1.9 | N/A | 0% |
| United States | N/A | 6.5 | N/A | N/A | 0% |
| Others | 0.6 | N/A | 3.9 | 0.1 | -45.0% |
| Total | 1.1 | 10.6 | 20.0 | 15.3 | 140.5% |
Top Export Markets for Electronic Integrated Circuits; Amplifiers from Nigeria in 2022:
- United Kingdom (5.5K units)
- Netherlands (0.2K units)
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