Nigeria: Insulated Coaxial Cables Market 2021

Insulated Coaxial Cables Market Size in Nigeria

The Nigerien insulated coaxial cables market rose sharply to $X in 2020, increasing by X% 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). In general, consumption, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2013 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2014 to 2020, the growth of the market remained at a somewhat lower figure.

Insulated Coaxial Cables Exports

Exports from Nigeria

In 2020, approx. X tons of insulated coaxial cables were exported from Nigeria; shrinking by -X% on the previous year's figure. Overall, exports recorded a slight reduction. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Exports peaked at X tons in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, insulated coaxial cables exports shrank notably to $X in 2020. Over the period under review, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

Uganda (X tons) was the main destination for insulated coaxial cables exports from Nigeria, accounting for a X% share of total exports. Moreover, insulated coaxial cables exports to Uganda exceeded the volume sent to the second major destination, the UK (X kg), sixfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Uganda totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Zambia (-X% per year).

In value terms, Uganda ($X) emerged as the key foreign market for insulated coaxial cables exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Uganda amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and Zambia (+X% per year).

Export Prices by Country

In 2020, the average insulated coaxial cables export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, showed a deep reduction. Over the period under review, average export prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Uganda ($X per ton), while the average price for exports to Zambia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Zambia, while the prices for the other major destinations experienced mixed trend patterns.

Insulated Coaxial Cables Imports

Imports into Nigeria

Insulated coaxial cables imports into Nigeria soared to X tons in 2020, growing by X% against the year before. Overall, imports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. As a result, imports attained the peak of X tons. From 2014 to 2020, the growth imports remained at a lower figure.

In value terms, insulated coaxial cables imports contracted slightly to $X in 2020. In general, imports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest insulated coaxial cables supplier to Nigeria, accounting for a X% share of total imports. Moreover, insulated coaxial cables imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), tenfold.

From 2007 to 2020, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+X% per year) and India (+X% per year).

In value terms, China ($X) constituted the largest supplier of insulated coaxial cables to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by Portugal ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+X% per year) and India (+X% per year).

Import Prices by Country

The average insulated coaxial cables import price stood at $X per ton in 2020, dropping by -X% against the previous year. In general, the import price continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. As a result, import price reached the peak level of $X per ton. From 2011 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Portugal ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Portugal, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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