Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Nigeria - 2022
Contents:
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Nigeria (CIF) - 2022
- Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Nigeria
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Nigeria (CIF) - 2022
In 2022, the average import price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to $2,137 per unit, dropping by -6% against the previous year. Overall, the import price saw a noticeable setback. The most prominent rate of growth was recorded in 2021 an increase of 4.6%. The import price peaked at $2,626 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($34,553 per unit), while the price for China ($376 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+22.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Nigeria
In 2022, overseas purchases of furnaces and ovens; industrial or laboratory induction or dielectrics decreased by -16.3% to 2K units, falling for the second year in a row after two years of growth. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,385% against the previous year. As a result, imports reached the peak of 5.7K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics reached $5.5M in 2022. In general, imports saw a abrupt decrease. The growth pace was the most rapid in 2020 when imports increased by 43%. As a result, imports attained the peak of $12M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 8.2 | 8.8 | 3.6 | 4.6 | -17.5% |
| China | N/A | 3.1 | 1.2 | 0.6 | -56.0% |
| Italy | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Total | 8.4 | 12.1 | 5.1 | 5.5 | -13.2% |
Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to Nigeria in 2022:
- China (1695.0 units)
- Italy (133.0 units)
- India (133.0 units)
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