Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Nigeria - 2022
Contents:
- Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Nigeria (CIF) - 2022
- Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Nigeria
Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Nigeria (CIF) - 2022
The average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $7.2 per unit in 2022, shrinking by -71.5% against the previous year. In general, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 an increase of 319% against the previous year. As a result, import price attained the peak level of $25 per unit, and then fell remarkably in the following year.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to +48.0% per year.
Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Nigeria
In 2022, supplies from abroad of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds decreased by -29.9% to 54 units, falling for the second year in a row after two years of growth. In general, imports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2020 when imports increased by 221% against the previous year. As a result, imports attained the peak of 4K units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds declined rapidly to $390 in 2022. Overall, imports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 129%. As a result, imports attained the peak of $24K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 0.4 | 0% |
| China | 1.9 | 23.1 | N/A | N/A | 1115.8% |
| United Kingdom | 8.3 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 1.2 | 2.0 | N/A | 100.0% |
| Total | 10.6 | 24.2 | 2.0 | 0.4 | -66.5% |
Top Suppliers of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered to Nigeria in 2022:
- United States (54.0 units)
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