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

Contents:

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

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

The average import price for electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s stood at $61 per unit in 2022, jumping by 18% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s increased by +31.3% against 2017 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 100% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($61 per unit), while the price for Germany ($1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s amounted to $280 per unit, reducing by -44.4% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 281%. As a result, the export price reached the peak level of $837 per unit. From 2017 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Benin amounted to +510.0% per year.

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

In 2022, the amount of electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s imported into Nigeria totaled 675 units, remaining constant against the year before. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 1.1%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s skyrocketed to $41K in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (667.0 units)

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

In 2022, after two years of decline, there was decline in overseas shipments of electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s, when their volume decreased by 0% to 2 units. Overall, exports recorded a abrupt decline. The smallest decline of -33.3% was in 2020. The exports peaked at 3 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electric accumulators; nickel-iron, including separators, whether or not rectangular (including square)s declined notably to $559 in 2022. Over the period under review, exports continue to indicate a sharp shrinkage. The smallest decline of -5.5% was in 2020. Over the period under review, the exports of reached the peak figure at $1.2K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. Germany (2.0 units)

Source: IndexBox Market Intelligence Platform