Dredgers Price in Nigeria - 2022

Contents:

1. Dredgers Price in Nigeria (FOB) - 2022
2. Dredgers Price in Nigeria (CIF) - 2022
3. Dredgers Exports in Nigeria
4. Dredgers Imports in Nigeria

Dredgers Price in Nigeria (FOB) - 2022

The average dredgers export price stood at $5,993,183 per unit in 2022, increasing by 149% against the previous year. In general, the export price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 an increase of 217% against the previous year. Over the period under review, the average export prices reached the maximum at $6,638,159 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Congo amounted to +142.0% per year.

Dredgers Price in Nigeria (CIF) - 2022

The average dredgers import price stood at $555,117 per unit in 2022, with a decrease of -39.8% against the previous year. In general, the import price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 242%. The import price peaked at $1,151,984 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,397,968 per unit), while the price for Egypt ($1,195 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Dredgers Exports in Nigeria

In 2022, dredgers exports from Nigeria dropped dramatically to 4 units, with a decrease of -50% against the previous year. In general, exports showed a significant contraction. The smallest decline of -10% was in 2020. Over the period under review, the exports attained the maximum at 10 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, dredgers exports soared to $24M in 2022. Overall, exports saw a sharp decrease. The exports peaked at $66M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Dredgers from Nigeria in 2022:

1. China (4.0 units)

Dredgers Imports in Nigeria

For the third year in a row, Nigeria recorded decline in purchases abroad of dredgerses, which decreased by -66.7% to 6 units in 2022. Over the period under review, imports continue to indicate a precipitous curtailment. The smallest decline of -5.3% was in 2021. Imports peaked at 35 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, dredgers imports shrank notably to $3.3M in 2022. In general, imports faced a sharp descent. The pace of growth appeared the most rapid in 2021 with an increase of 67% against the previous year. Over the period under review, imports attained the maximum at $27M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Dredgers to Nigeria in 2022:

1. Ukraine (1.0 units)
2. Netherlands (1.0 units)
3. Egypt (1.0 units)
4. United States (1.0 units)
5. China (1.0 units)
6. Comoros (1.0 units)

Source: IndexBox Market Intelligence Platform