Price for Electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square) in Nigeria - 2022

Contents:

  1. Price for Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Nigeria (CIF) - 2022
  2. Price for Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Nigeria (FOB) - 2022
  3. Imports of Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Nigeria
  4. Exports of Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Nigeria

Price for Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Nigeria (CIF) - 2022

The average import price for electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square)s stood at $84 per unit in 2022, with an increase of 21% against the previous year. Over the period under review, the import price enjoyed measured growth. The pace of growth appeared the most rapid in 2019 an increase of 165% against the previous year. As a result, import price reached the peak level of $125 per unit. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($364 per unit), while the price for Denmark ($13 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Nigeria (FOB) - 2022

In 2022, the average export price for electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square)s amounted to $860 per unit, almost unchanged from the previous year. Over the period under review, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2019 an increase of 6,882%. The export price peaked at $1,018 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($2,023 per unit), while the average price for exports to the Netherlands ($15 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+30.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Nigeria

In 2022, approx. 47K units of electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square)s were imported into Nigeria; jumping by 203% against 2021 figures. In general, imports recorded buoyant growth. Imports peaked at 50K units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square)s skyrocketed to $3.9M in 2022. Over the period under review, imports continue to indicate a notable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India9.31662122,922579.8%
United Arab Emirates4.01.219.4288316.0%
United States83.419323.220134.1%
Germany8.34.37.0147160.7%
France66616064.5123-43.1%
Netherlands4.219.83.5103190.5%
United Kingdom22814.921.157.9-36.7%
Sweden2,05257920650.5-70.9%
Hong Kong SAR171412308N/A34.2%
China1581,02014.2N/A-70.0%
Malaysia108121118N/A4.5%
Others15496.970.014.7-54.3%
Total3,6472,7881,0673,9072.3%

Top Suppliers of Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) to Nigeria in 2022:

  1. India (27.2K units)
  2. United States (10.2K units)
  3. United Arab Emirates (4.7K units)
  4. Germany (1.6K units)
  5. Netherlands (1.4K units)
  6. United Kingdom (0.6K units)
  7. France (0.1K units)
  8. Sweden (0.1K units)

Exports of Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Nigeria

In 2022, the amount of electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square)s exported from Nigeria stood at 6 units, remaining relatively unchanged against the year before. Over the period under review, exports showed a sharp setback. The smallest decline of -59.1% was in 2020. The exports peaked at 22 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square)s amounted to $5.2K in 2022. In general, exports saw a significant decrease. The smallest decline of -64.1% was in 2020. Over the period under review, the exports of hit record highs at $13K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany6.33.4N/A4.0-14.1%
LatviaN/AN/AN/A1.00%
Benin0.1N/AN/AN/A0%
Spain5.0N/AN/AN/A0%
Cote d'Ivoire0.1N/AN/AN/A0%
BelgiumN/AN/AN/AN/A0%
Malta0.5N/AN/AN/A0%
India0.6N/AN/AN/A0%
ItalyN/A1.0N/AN/A0%
Netherlands0.1N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total12.74.5N/A5.2-25.7%

Top Export Markets for Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) from Nigeria in 2022:

  1. Germany (2.0 units)
  2. Netherlands (1.0 units)
  3. Cote d'Ivoire (1.0 units)
  4. Latvia (1.0 units)
  5. Benin (1.0 units)

Source: IndexBox Market Intelligence Platform

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