![]() The remaining supplying countries recorded the following average annual rates of imports growth: China (-26.9% per year) and Belgium (+17.1% per year). The third position in this ranking was taken by Belgium (X units), with a 5.8% share.įrom 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia stood at +40.6%. Moreover, radio receiver imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X units), twofold. In 2021, Malaysia (X units) constituted the largest radio receiver supplier to Nigeria, with a 54% share of total imports. Over the period under review, imports hit record highs at $X in 2012 however, from 2013 to 2021, imports failed to regain momentum. The most prominent rate of growth was recorded in 2018 when imports increased by 240%. In general, imports, however, showed a abrupt decrease. In value terms, radio receiver imports declined markedly to $X in 2021. Imports peaked at X units in 2012 however, from 2013 to 2021, imports remained at a lower figure. The most prominent rate of growth was recorded in 2018 with an increase of 239% against the previous year. Overall, imports, however, recorded a deep contraction. ![]() In 2021, purchases abroad of radio receivers increased by 46% to X units for the first time since 2018, thus ending a two-year declining trend. Radio Receiver Imports Imports into Nigeria Prices varied noticeably country of destination: the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Niger ($X per unit) was amongst the lowest.įrom 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sao Tome and Principe (+12.7%), while the prices for the other major destinations experienced more modest paces of growth. The export price peaked at $X per unit in 2017 however, from 2018 to 2021, the export prices stood at a somewhat lower figure. The pace of growth was the most pronounced in 2015 when the average export price increased by 410% against the previous year. Overall, the export price, however, continues to indicate a mild increase. The average radio receiver export price stood at $X per unit in 2021, falling by -16.8% against the previous year. In terms of the main countries of destination, Benin, with a CAGR of +27.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns. In value terms, the largest markets for radio receiver exported from Nigeria were Cote d'Ivoire ($X), Benin ($X) and Niger ($X), with a combined 98% share of total exports. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+19.4% per year) and Niger (-1.5% per year). Niger (X units) ranked third in terms of total exports with a 10% share.įrom 2012 to 2021, the average annual rate of growth in terms of volume to Benin totaled +13.2%. Moreover, radio receiver exports to Benin exceeded the volume sent to the second major destination, Cote d'Ivoire (X units), threefold. Exports by Countryīenin (X units) was the main destination for radio receiver exports from Nigeria, accounting for a 63% share of total exports. The exports peaked at $X in 2016 however, from 2017 to 2021, the exports stood at a somewhat lower figure. The pace of growth appeared the most rapid in 2015 with an increase of 337% against the previous year. In general, exports, however, enjoyed strong growth. In value terms, radio receiver exports shrank sharply to $X in 2021. From 2014 to 2021, the growth of the exports failed to regain momentum. As a result, the exports attained the peak of X units. The most prominent rate of growth was recorded in 2013 when exports increased by 1,622%. Overall, exports, however, showed buoyant growth. In 2021, radio receiver exports from Nigeria dropped to X units, with a decrease of -7.2% compared with 2020 figures. Radio Receiver Exports Exports from Nigeria Radio receiver consumption peaked at $X in 2012 however, from 2013 to 2021, consumption failed to regain momentum. Overall, consumption, however, showed a abrupt descent. In 2021, the Nigerien radio receiver market increased by 17% to $X for the first time since 2018, thus ending a two-year declining trend. Nigeria: Radio Receiver Market 2023 Radio Receiver Market Size in Nigeria
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