Nigeria - Agricultural Forestry Machinery (Lawn Or Sportsground Rollers) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAgricultural Forestry Machinery Price in Nigeria - 2022
Contents:
- Agricultural Forestry Machinery Price in Nigeria (CIF) - 2022
- Agricultural Forestry Machinery Price in Nigeria (FOB) - 2022
- Agricultural Forestry Machinery Imports in Nigeria
- Agricultural Forestry Machinery Exports in Nigeria
Agricultural Forestry Machinery Price in Nigeria (CIF) - 2022
In 2022, the average agricultural forestry machinery import price amounted to $1,874 per unit, surging by 79% against the previous year. Over the period under review, the import price enjoyed a tangible expansion. The import price peaked at $2,090 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 Japan ($3,075 per unit), while the price for Niger ($81 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+68.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Agricultural Forestry Machinery Price in Nigeria (FOB) - 2022
The average agricultural forestry machinery export price stood at $780 per unit in 2022, with a decrease of -15.8% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 an increase of 680%. The export price peaked at $2,013 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to -2.9% per year.
Agricultural Forestry Machinery Imports in Nigeria
In 2022, supplies from abroad of agricultural forestry machinery (lawn or sportsground rollers) decreased by -67.4% to 1.7K units, falling for the second consecutive year after two years of growth. Overall, imports showed a sharp shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 129% against the previous year. As a result, imports attained the peak of 61K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, agricultural forestry machinery imports fell remarkably to $3.2M in 2022. Over the period under review, imports saw a significant contraction. The growth pace was the most rapid in 2020 when imports increased by 33% against the previous year. As a result, imports reached the peak of $48M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Agricultural Forestry Machinery in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 19.6 | 21.8 | 4.1 | 2.9 | -47.1% |
India | 1.3 | 15.5 | 0.1 | 0.1 | -57.5% |
Niger | N/A | N/A | N/A | N/A | 0% |
China | 12.8 | 9.2 | 0.9 | N/A | -73.5% |
Germany | N/A | 0.1 | 0.1 | N/A | 0.0% |
Indonesia | 0.4 | N/A | N/A | N/A | 0% |
Singapore | 0.2 | 0.2 | N/A | N/A | 0.0% |
Others | 1.8 | 1.5 | 0.3 | 0.1 | -61.8% |
Total | 36.2 | 48.2 | 5.5 | 3.2 | -55.5% |
Top Suppliers of Agricultural Forestry Machinery to Nigeria in 2022:
- Japan (940.0 units)
- India (274.0 units)
- China (148.0 units)
- Singapore (75.0 units)
- Germany (42.0 units)
- Niger (37.0 units)
Agricultural Forestry Machinery Exports in Nigeria
In 2022, the amount of agricultural forestry machinery (lawn or sportsground rollers) exported from Nigeria totaled 1 units, flattening at the previous year. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, agricultural forestry machinery exports skyrocketed to $780 in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 398%. As a result, the exports reached the peak of $921. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Agricultural Forestry Machinery in Nigeria (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Niger | 700 | 554 | 550 | -11.4% | |
Others | 221 | 85.0 | 230 | 2.0% | |
Total | 921 | 639 | 780 | -8.0% |
Top Export Markets for Agricultural Forestry Machinery from Nigeria in 2022:
- Niger (1.0 units)
This report provides an in-depth analysis of the agricultural forestry machinery 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 28303900 - Agricultural... forestry machinery, n.e.c., lawn or sportsground rollers
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
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