Nigeria: Keyboards Market 2024

Keyboards Market Size in Nigeria

The Nigerien keyboards market contracted notably to $X in 2022, falling by -68.5% 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). Overall, consumption faced a deep setback. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Keyboards Exports

Exports from Nigeria

In 2022, exports of keyboards from Nigeria soared to X units, increasing by 42% against the previous year's figure. Over the period under review, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of 31,925% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, keyboards exports surged to $X in 2022. Overall, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 41,400% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X units) was the main destination for keyboards exports from Nigeria, with a 33% share of total exports. Moreover, keyboards exports to Cote d'Ivoire exceeded the volume sent to the second major destination, South Africa (X units), threefold. The third position in this ranking was held by the Netherlands (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cote d'Ivoire totaled +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+59.7% per year) and the Netherlands (-6.2% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for keyboards exports from Nigeria, comprising 27% of total exports. The second position in the ranking was held by South Africa ($X), with a 9.7% share of total exports. It was followed by Niger, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire amounted to +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+53.6% per year) and Niger (+56.6% per year).

Export Prices by Country

In 2022, the average keyboards export price amounted to $X per unit, growing by 20% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 79%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Tanzania ($X 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 the United Arab Emirates (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Keyboards Imports

Imports into Nigeria

In 2022, approx. X units of keyboards were imported into Nigeria; with a decrease of -66% on 2021 figures. Overall, imports saw a abrupt descent. The pace of growth was the most pronounced in 2016 when imports increased by 62% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, keyboards imports reduced sharply to $X in 2022. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2016 with an increase of 89% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and the Netherlands (X units) were the main suppliers of keyboards imports to Nigeria, together comprising 74% of total imports. The Czech Republic, Hong Kong SAR, Algeria, Malaysia and the United Arab Emirates lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +36.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Algeria ($X) constituted the largest keyboards suppliers to Nigeria, with a combined 56% share of total imports.

Among the main suppliers, Algeria, with a CAGR of +22.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average keyboards import price amounted to $X per unit, dropping by -11.6% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 71%. Over the period under review, average import prices attained the peak figure at $X per unit in 2020; however, from 2021 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 Arab Emirates ($X per unit), while the price for Malaysia ($X 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 Arab Emirates (+79.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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