Nigeria: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Nigeria

The Nigerien telephone apparatus market declined to $X in 2022, reducing by -5.1% against the previous year. Over the period under review, consumption showed a noticeable expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Telephone Apparatus Production in Nigeria

In value terms, telephone apparatus production totaled $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a moderate expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 86%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Telephone Apparatus Exports

Exports from Nigeria

In 2022, overseas shipments of telephone apparatus were finally on the rise to reach X tons after two years of decline. Overall, exports, however, saw a sharp downturn. The growth pace was the most rapid in 2019 with an increase of 83% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, telephone apparatus exports amounted to $X in 2022. In general, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 134%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for telephone apparatus exports from Nigeria, accounting for a 298% share of total exports. Moreover, telephone apparatus exports to Hong Kong SAR exceeded the volume sent to the second major destination, Namibia (X tons), more than tenfold. Hungary (X tons) ranked third in terms of total exports with a 22% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR totaled +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+291.1% per year) and Hungary (+110.1% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for telephone apparatus exports from Nigeria, comprising 65% of total exports. The second position in the ranking was held by South Korea ($X), with a 25% share of total exports. It was followed by Namibia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR stood at -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+30.1% per year) and Namibia (+245.5% per year).

Export Prices by Country

The average telephone apparatus export price stood at $X per ton in 2021, rising by 109% against the previous year. Overall, the export price saw a significant increase. The growth pace was the most rapid in 2013 an increase of 287% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Hungary ($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 France (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into Nigeria

In 2022, telephone apparatus imports into Nigeria skyrocketed to X tons, increasing by 45% against the previous year's figure. Overall, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2013 when imports increased by 557% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, telephone apparatus imports soared to $X in 2022. Over the period under review, imports saw a mild increase. The pace of growth was the most pronounced in 2018 with an increase of 51%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of telephone apparatus to Nigeria, with a 43% share of total imports. Moreover, telephone apparatus imports from China exceeded the figures recorded by the second-largest supplier, Ethiopia (X tons), more than tenfold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ethiopia (+122.8% per year) and Hong Kong SAR (-17.0% per year).

In value terms, China ($X) constituted the largest supplier of telephone apparatus to Nigeria, comprising 75% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 7.7% share of total imports. It was followed by Sweden, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-15.6% per year) and Sweden (-15.5% per year).

Import Prices by Country

The average telephone apparatus import price stood at $X per ton in 2021, with an increase of 20% against the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 714% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 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, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Ethiopia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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