Nigeria: Reticle Manufacturing Machine Market 2024

Reticle Manufacturing Machine Market Size in Nigeria

In 2021, the Nigerien reticle manufacturing machine market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption recorded significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Reticle Manufacturing Machine Production in Nigeria

In value terms, reticle manufacturing machine production dropped to $X in 2021 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +24.3% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 34% against the previous year. As a result, production reached the peak level of $X, and then reduced in the following year.

Reticle Manufacturing Machine Exports

Exports from Nigeria

In 2021, after two years of decline, there was decline in overseas shipments of machines for the manufacture of masks and reticles, semiconductor devices or electronic integrated circuits, when their volume decreased by 0% to X units. In general, exports showed a abrupt shrinkage. The smallest decline of -25% was in 2013. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, reticle manufacturing machine exports fell significantly to $X in 2021. Overall, exports recorded a precipitous decrease. The pace of growth was the most pronounced in 2016 when exports increased by 18,800%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Niger (X units) was the main destination for reticle manufacturing machine exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Niger stood at -7.4%.

In value terms, Niger ($X) also remains the key foreign market for machines for the manufacture of masks and reticles, semiconductor devices or electronic integrated circuits exports from Nigeria.

From 2012 to 2021, the average annual growth rate of value to Niger amounted to -21.2%.

Export Prices by Country

The average reticle manufacturing machine export price stood at $X per unit in 2021, shrinking by -20% against the previous year. Overall, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 20%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2012 to 2021, the rate of growth in terms of prices for Niger amounted to -14.9% per year.

Reticle Manufacturing Machine Imports

Imports into Nigeria

In 2021, purchases abroad of machines for the manufacture of masks and reticles, semiconductor devices or electronic integrated circuits was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, reticle manufacturing machine imports soared to $X in 2021. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 20,921%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

The United States (X units), China (X units) and South Korea (X units) were the main suppliers of reticle manufacturing machine imports to Nigeria, with a combined 97% share of total imports.

From 2013 to 2021, the biggest increases were recorded for the United States (with a CAGR of +61.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of machines for the manufacture of masks and reticles, semiconductor devices or electronic integrated circuits to Nigeria, comprising 60% of total imports. The second position in the ranking was held by South Korea ($X), with a 14% share of total imports. It was followed by the UK, with a 5.9% share.

From 2013 to 2021, the average annual growth rate of value from the United States amounted to +84.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+27,378.5% per year) and the UK (+164.1% per year).

Import Prices by Country

The average reticle manufacturing machine import price stood at $X per unit in 2021, falling by -13.4% against the previous year. Overall, the import price, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 an increase of 1,662% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+216.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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