Nigeria - Transport Containers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTransport Container Price in Nigeria - 2022
Contents:
- Transport Container Price in Nigeria (CIF) - 2022
- Transport Container Price in Nigeria (FOB) - 2022
- Transport Container Imports in Nigeria
- Transport Container Exports in Nigeria
Transport Container Price in Nigeria (CIF) - 2022
The average transport container import price stood at $2,178 per unit in 2022, increasing by 39% against the previous year. Overall, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 an increase of 588% against the previous year. The import price peaked at $4,332 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($8,600 per unit), while the price for the United States ($204 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 States (+30.0%), while the prices for the other major suppliers experienced a decline.
Transport Container Price in Nigeria (FOB) - 2022
The average transport container export price stood at $1,012 per unit in 2022, falling by -6.1% against the previous year. In general, the export price saw a deep slump. The growth pace was the most rapid in 2015 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices reached the maximum at $3,176 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($6,768 per unit), while the average price for exports to Spain ($194 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 South Korea (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.
Transport Container Imports in Nigeria
In 2022, approx. 8.1K units of transport containers were imported into Nigeria; jumping by 101% on the previous year's figure. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 123% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, transport container imports skyrocketed to $18M in 2022. Overall, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Transport Container in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Norway | 137 | 732 | 991 | 2,536 | 164.5% |
China | 4,483 | 5,496 | 1,185 | 2,106 | -22.3% |
Malaysia | 511 | 2,192 | 345 | 1,977 | 57.0% |
Hong Kong SAR | 717 | 744 | 607 | 1,700 | 33.3% |
Italy | 704 | 205 | 145 | 1,337 | 23.8% |
South Africa | 207 | 387 | 107 | 1,282 | 83.6% |
Antigua and Barbuda | 284 | 321 | 286 | 875 | 45.5% |
Singapore | 51.3 | 339 | 253 | 646 | 132.7% |
Togo | 178 | 201 | 179 | 547 | 45.4% |
United States | 138 | 209 | 397 | 378 | 39.9% |
Saudi Arabia | 515 | 14.5 | 2.0 | 317 | -14.9% |
United Kingdom | 837 | 300 | 90.7 | 149 | -43.7% |
Tanzania | N/A | 9.0 | N/A | N/A | 0% |
Others | 5,152 | 3,516 | 1,712 | 3,818 | -9.5% |
Total | 13,917 | 14,665 | 6,300 | 17,666 | 8.3% |
Top Suppliers of Transport Container to Nigeria in 2022:
- United States (1850.0 units)
- Norway (1298.0 units)
- Malaysia (1012.0 units)
- Italy (665.0 units)
- Hong Kong SAR (496.0 units)
- Antigua and Barbuda (448.0 units)
- Singapore (337.0 units)
- Togo (281.0 units)
- China (245.0 units)
- South Africa (208.0 units)
- Saudi Arabia (163.0 units)
- United Kingdom (79.0 units)
Transport Container Exports in Nigeria
After three years of growth, overseas shipments of transport containers decreased by -28.2% to 216 units in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 181% against the previous year. As a result, the exports reached the peak of 301 units, and then declined markedly in the following year.
In value terms, transport container exports shrank rapidly to $219K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 186%. As a result, the exports attained the peak of $325K, and then contracted significantly in the following year.
Export of Transport Container in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Botswana | 45.1 | 75.8 | 206 | 144 | 47.3% |
United States | 10.5 | 18.4 | 52.0 | 37.6 | 53.0% |
Singapore | 4.0 | 6.0 | 14.5 | 9.0 | 31.0% |
South Korea | 1.6 | 3.0 | 9.2 | 7.2 | 65.1% |
South Africa | 1.5 | 2.8 | 8.4 | 6.5 | 63.0% |
Congo | 0.9 | 2.9 | 7.3 | 4.7 | 73.5% |
Others | 6.1 | 4.6 | 26.8 | 10.3 | 19.1% |
Total | 69.7 | 113 | 325 | 219 | 46.5% |
Top Export Markets for Transport Container from Nigeria in 2022:
- Botswana (131.0 units)
- United States (35.0 units)
- Singapore (9.0 units)
- South Korea (8.0 units)
- South Africa (7.0 units)
- Congo (5.0 units)
This report provides an in-depth analysis of the transport container market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29202100 - Containers specially designed and equipped for carriage by one or more modes of transport (including containers for transporting fluids)
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the transport container market in Nigeria.
This report provides an in-depth analysis of the global transport container market.
This report provides an in-depth analysis of the transport container market in Nigeria.
This report provides an in-depth analysis of the global transport container market.
Explore the top import markets for transport containers worldwide, including the United States, Russia, Germany, France, South Korea, Netherlands, Canada, United Kingdom, Australia, and Indonesia. Learn about their import values and key statistics.
Explore the top import markets for transport containers worldwide, including the United States, Russia, Germany, France, South Korea, Netherlands, Canada, United Kingdom, Australia, and Indonesia. Learn about their import values and key statistics.