Price for Cameras, Photographic (Excluding Cinematographic); Instant Print Cameras in Nigeria - 2022
Contents:
- Price for Cameras, Photographic (Excluding Cinematographic); Instant Print Cameras in Nigeria (CIF) - 2022
- Imports of Cameras, Photographic (Excluding Cinematographic); Instant Print Cameras in Nigeria
Price for Cameras, Photographic (Excluding Cinematographic); Instant Print Cameras in Nigeria (CIF) - 2022
The average import price for cameras, photographic (excluding cinematographic); instant print camerases stood at $52 per unit in 2022, which is down by -8.2% against the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34% against the previous year. As a result, import price attained the peak level of $72 per unit. From 2019 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($51 per unit) and South Africa ($51 per unit), while the price for China ($50 per unit) and the United Arab Emirates ($50 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cameras, Photographic (Excluding Cinematographic); Instant Print Cameras in Nigeria
Imports of cameras, photographic (excluding cinematographic); instant print camerases into Nigeria surged to 428 units in 2022, picking up by 174% compared with 2021 figures. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 518%. As a result, imports attained the peak of 1.3K units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of cameras, photographic (excluding cinematographic); instant print camerases skyrocketed to $22K in 2022. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 584% against the previous year. As a result, imports reached the peak of $71K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cameras, Photographic (Excluding Cinematographic); Instant Print Cameras in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.5 | 0.6 | 4.3 | 13.5 | 44.2% |
| Hong Kong SAR | 0.3 | 0.5 | 0.7 | 4.4 | 144.8% |
| United Arab Emirates | 0.5 | 0.6 | 0.5 | 1.4 | 40.9% |
| Saudi Arabia | N/A | N/A | N/A | 1.0 | 0% |
| China | 1.5 | 1.4 | 0.8 | 0.9 | -15.7% |
| South Africa | 0.5 | 0.5 | 0.3 | 0.7 | 11.9% |
| India | N/A | 62.0 | N/A | N/A | 0% |
| Canada | 0.7 | 0.8 | 0.7 | N/A | 0.0% |
| Others | 2.4 | 4.3 | 1.5 | 0.4 | -45.0% |
| Total | 10.3 | 70.7 | 8.8 | 22.2 | 29.2% |
Top Suppliers of Cameras, Photographic (Excluding Cinematographic); Instant Print Cameras to Nigeria in 2022:
- United States (264.0 units)
- Hong Kong SAR (86.0 units)
- United Arab Emirates (27.0 units)
- Saudi Arabia (19.0 units)
- China (18.0 units)
- South Africa (13.0 units)
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