Nigeria: Remote Control Apparatus Market 2025

Remote Control Apparatus Market Size in Nigeria

The Nigerien remote control apparatus market declined notably to $X in 2021, which is down by -52.1% 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 saw a abrupt decrease. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Remote Control Apparatus Exports

Exports from Nigeria

In 2021, overseas shipments of radio remote control apparatus decreased by -97.3% to X kg, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 4,600%. The exports peaked at X kg in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, remote control apparatus exports dropped dramatically to $X in 2021. In general, exports, however, enjoyed notable growth. The growth pace was the most rapid in 2013 with an increase of 9,377% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then dropped significantly in the following year.

Exports by Country

Cote d'Ivoire (X kg) was the main destination for remote control apparatus exports from Nigeria, accounting for a 64% share of total exports. Moreover, remote control apparatus exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Ghana (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume to Cote d'Ivoire stood at +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+13.0% per year) and Canada (0.0% per year).

In value terms, Cote d'Ivoire ($X) emerged as the key foreign market for radio remote control apparatus exports from Nigeria, comprising 69% of total exports. The second position in the ranking was taken by Ghana ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Cote d'Ivoire amounted to +28.5%.

Export Prices by Country

In 2021, the average remote control apparatus export price amounted to $X per ton, shrinking by -64.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2013 an increase of 111%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ghana ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+3.4%).

Remote Control Apparatus Imports

Imports into Nigeria

In 2021, remote control apparatus imports into Nigeria declined sharply to X tons, dropping by -49.8% against the previous year's figure. Over the period under review, imports showed a noticeable setback. The growth pace was the most rapid in 2016 when imports increased by 823% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, remote control apparatus imports reduced notably to $X in 2021. Overall, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of 478%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest remote control apparatus supplier to Nigeria, with a 86% share of total imports. Moreover, remote control apparatus imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), more than tenfold. The third position in this ranking was held by Norway (X kg), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+43.6% per year) and Norway (+53.7% per year).

In value terms, China ($X) constituted the largest supplier of radio remote control apparatus to Nigeria, comprising 53% of total imports. The second position in the ranking was held by France ($X), with a 4.4% share of total imports. It was followed by the Netherlands, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.9% per year) and the Netherlands (+4.3% per year).

Import Prices by Country

In 2021, the average remote control apparatus import price amounted to $X per ton, declining by -33.3% against the previous year. Over the period under review, the import price faced a drastic downturn. The growth pace was the most rapid in 2020 an increase of 49% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+15.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :