Report Update Nov 1, 2024

Nigeria - Mounted Piezo-Electric Crystals - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Mounted Piezo-Electric Crystals Market 2024

Mounted Piezo-Electric Crystals Market Size in Nigeria

In 2021, the Nigerien mounted piezo-electric crystals market decreased by -67.4% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption recorded a abrupt decrease. Mounted piezo-electric crystals consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Mounted Piezo-Electric Crystals Production in Nigeria

In value terms, mounted piezo-electric crystals production expanded rapidly to $X in 2021 estimated in export price. In general, production showed a slight shrinkage. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Mounted Piezo-Electric Crystals Exports

Exports from Nigeria

In 2021, the amount of mounted piezo-electric crystals exported from Nigeria skyrocketed to X units, increasing by 57% against the year before. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 58%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, mounted piezo-electric crystals exports skyrocketed to $X in 2021. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X units) and Singapore (X units) were the main destinations of mounted piezo-electric crystals exports from Nigeria.

From 2014 to 2021, the biggest increases were in Singapore (with a CAGR of +1,118.6%).

In value terms, Singapore ($X) remains the key foreign market for mounted piezo-electric crystals exports from Nigeria, comprising 85% of total exports. The second position in the ranking was held by Thailand ($X), with a 15% share of total exports.

From 2014 to 2021, the average annual rate of growth in terms of value to Singapore totaled +69.4%.

Export Prices by Country

In 2021, the average mounted piezo-electric crystals export price amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the export price, however, showed a abrupt slump. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Singapore ($X per unit), while the average price for exports to Thailand amounted to less than $X per unit.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-86.1%).

Mounted Piezo-Electric Crystals Imports

Imports into Nigeria

In 2021, after three years of growth, there was significant decline in purchases abroad of mounted piezo-electric crystals, when their volume decreased by -67.6% to X units. In general, imports showed a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 435% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, mounted piezo-electric crystals imports reduced rapidly to $X in 2021. Overall, imports faced a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 459% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main mounted piezo-electric crystals supplier to Nigeria, accounting for a 95% share of total imports. Moreover, mounted piezo-electric crystals imports from China exceeded the figures recorded by the second-largest supplier, Egypt (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -11.2%.

In value terms, China ($X) constituted the largest supplier of mounted piezo-electric crystals to Nigeria, comprising 79% of total imports. The second position in the ranking was taken by Egypt ($X), with a 3.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -12.3%.

Import Prices by Country

In 2021, the average mounted piezo-electric crystals import price amounted to $X per thousand units, rising by 11% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 36%. The import price peaked at $X per thousand units in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was China ($X per thousand units), while the price for Egypt amounted to $X per thousand units.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mounted piezo-electric crystals in the world?

The countries with the highest volumes of in 2021 were the United States, China and India, with a combined 29% share of global consumption. Taiwan Chinese), Japan, Indonesia, Bangladesh, Mexico, the UK, France, Italy, Germany and Ethiopia lagged somewhat behind, together comprising a further 31%.

What are the largest producers of mounted piezo-electric crystals in the world?

The countries with the highest volumes of in 2021 were Japan, China and the United States, together comprising 38% of global production. These countries were followed by India, Bangladesh, Indonesia, the UK, Singapore, Germany, France, Mexico, Ethiopia and Italy, which together accounted for a further 29%.

What are the leading suppliers of mounted piezo-electric crystals to Nigeria?

In value terms, China constituted the largest supplier of mounted piezo-electric crystals to Nigeria, comprising 87% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with a 9.1% share of total imports.

What is the average export price for mounted piezo-electric crystals in Nigeria?

The average mounted piezo-electric crystals export price stood at $0.2 per unit in 2020, which is down by -51% against the previous year.

What is the average import price for mounted piezo-electric crystals in Nigeria?

The average mounted piezo-electric crystals import price stood at $0.5 per thousand units in 2021, increasing by 5.4% against the previous year.

This report provides an in-depth analysis of the mounted piezo-electric crystals market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26112280 - Mounted piezo-electric crystals (including quartz, oscillator and resonators)

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023