Nigeria: Line Telephone Market 2024

Line Telephone Market Size in Nigeria

The Nigerien line telephone market surged to $X in 2022, picking up by 202% 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, however, saw a significant decrease. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Line Telephone Exports

Exports from Nigeria

In 2022, approx. X units of line telephone sets with cordless handsets were exported from Nigeria; which is down by -21.1% compared with the previous year's figure. Over the period under review, exports showed a dramatic contraction. The most prominent rate of growth was recorded in 2018 with an increase of 437%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, line telephone exports reduced to $X in 2022. In general, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 when exports increased by 363%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for line telephone exports from Nigeria, accounting for a 66% share of total exports. Moreover, line telephone exports to the UK exceeded the volume sent to the second major destination, Cote d'Ivoire (X units), fivefold. The third position in this ranking was held by France (X units), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-17.9% per year) and France (-10.0% per year).

In value terms, the UK ($X) remains the key foreign market for line telephone sets with cordless handsets exports from Nigeria, comprising 52% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with an 11% share of total exports. It was followed by France, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-18.0% per year) and France (-9.7% per year).

Export Prices by Country

In 2022, the average line telephone export price amounted to $X per unit, jumping by 17% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, line telephone export price increased by +63.1% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 38% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, 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 France ($X per unit), while the average price for exports to South Africa ($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 Sudan (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Line Telephone Imports

Imports into Nigeria

Line telephone imports into Nigeria surged to X units in 2022, rising by 170% on the year before. Overall, imports, however, faced a significant contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 757% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, line telephone imports surged to $X in 2022. Over the period under review, imports, however, faced a precipitous contraction. The growth pace was the most rapid in 2017 when imports increased by 761% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X units) constituted the largest supplier of line telephone to Nigeria, with a 63% share of total imports. Moreover, line telephone imports from France exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), threefold. The third position in this ranking was taken by India (X units), with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled -20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-22.6% per year) and India (-33.0% per year).

In value terms, France ($X) constituted the largest supplier of line telephone sets with cordless handsets to Nigeria, comprising 71% of total imports. The second position in the ranking was held by the UK ($X), with a 9.8% share of total imports. It was followed by Hong Kong SAR, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from France totaled -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-30.6% per year) and Hong Kong SAR (-31.0% per year).

Import Prices by Country

The average line telephone import price stood at $X per unit in 2022, approximately reflecting the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, line telephone import price increased by +59.7% against 2015 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 23% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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