Nigeria: Market for Digital Data Processing Machines: Presented In The Form Of Systems 2024

Market Size for Digital Data Processing Machines: Presented In The Form Of Systems in Nigeria

The Nigerien digital data processing machine market contracted dramatically to $X in 2021, dropping by -62.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a abrupt decrease. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Exports of Digital Data Processing Machines: Presented In The Form Of Systems

Exports from Nigeria

In 2021, approx. X units of digital data processing machines: presented in the form of systems were exported from Nigeria; waning by -47.4% compared with the year before. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 281%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, digital data processing machine exports fell sharply to $X in 2021. Overall, exports recorded a sharp descent. The pace of growth appeared the most rapid in 2016 with an increase of 159% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X units), Benin (X units) and France (X units) were the main destinations of digital data processing machine exports from Nigeria, together accounting for 75% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +20.4%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) remains the key foreign market for digital data processing machines: presented in the form of systems exports from Nigeria, comprising 44% of total exports. The second position in the ranking was taken by Benin ($X), with an 18% share of total exports. It was followed by Austria, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value to Cote d'Ivoire stood at +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (-25.1% per year) and Austria (-5.6% per year).

Export Prices by Country

The average digital data processing machine export price stood at $X per unit in 2021, falling by -9.7% against the previous year. Over the period under review, the export price saw a deep downturn. The growth pace was the most rapid in 2018 when the average export price increased by 107% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, 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 South Africa ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+13.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Digital Data Processing Machines: Presented In The Form Of Systems

Imports into Nigeria

In 2021, approx. X units of digital data processing machines: presented in the form of systems were imported into Nigeria; which is down by -71.4% compared with the previous year's figure. Overall, imports faced a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 497% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, digital data processing machine imports reduced notably to $X in 2021. In general, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 234%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Barbados (X units), China (X units) and Singapore (X units) were the main suppliers of digital data processing machine imports to Nigeria, with a combined 85% share of total imports. These countries were followed by the Netherlands, Switzerland, the UK, Germany and the Czech Republic, which together accounted for a further 7.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +21.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Barbados ($X) constituted the largest supplier of digital data processing machines: presented in the form of systems to Nigeria, comprising 77% of total imports. The second position in the ranking was taken by Singapore ($X), with a 4.8% share of total imports. It was followed by China, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value from Barbados was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+2.9% per year) and China (-25.7% per year).

Import Prices by Country

The average digital data processing machine import price stood at $X per unit in 2021, picking up by 81% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2017; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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