Nigeria - Goods Vehicles, With Spark-Ignition Internal Combustion Piston Engine - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPetroleum-Engine Cargo Trucks Price in Nigeria - 2022
Contents:
- Petroleum-Engine Cargo Trucks Price in Nigeria (CIF) - 2022
- Petroleum-Engine Cargo Trucks Price in Nigeria (FOB) - 2022
- Petroleum-Engine Cargo Trucks Imports in Nigeria
- Petroleum-Engine Cargo Trucks Exports in Nigeria
Petroleum-Engine Cargo Trucks Price in Nigeria (CIF) - 2022
In June 2022, the average petroleum-engine cargo trucks import price amounted to $8,536 per unit, with an increase of 34% against the previous month. Overall, the import price, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in January 2022 an increase of 141% m-o-m. As a result, import price reached the peak level of $15,392 per unit; afterwards, it flattened through to June 2022.
There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was Thailand ($23,884 per unit), while the price for Hong Kong SAR ($2,965 per unit) was amongst the lowest.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum-Engine Cargo Trucks Price in Nigeria (FOB) - 2022
In 2022, the average petroleum-engine cargo trucks export price amounted to $34,339 per unit, waning by -4.7% against the previous year. Over the period under review, the export price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 473%. As a result, the export price attained the peak level of $51,891 per unit. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($85,073 per unit), while the average price for exports to Cameroon ($419 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 the UK (+134.1%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum-Engine Cargo Trucks Imports in Nigeria
In 2022, the amount of goods vehicles, with spark-ignition internal combustion piston engine imported into Nigeria soared to 6.2K units, jumping by 69% compared with 2021 figures. Over the period under review, imports, however, showed a noticeable decrease. Over the period under review, imports hit record highs at 7.8K units in 2020; however, from 2021 to 2022, imports failed to regain momentum.
In value terms, petroleum-engine cargo trucks imports skyrocketed to $107M in 2022. Overall, imports showed a buoyant increase. Over the period under review, imports attained the maximum at $121M in 2020; however, from 2021 to 2022, imports remained at a lower figure.
Import of Petroleum-Engine Cargo Trucks in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2.8 | 2.2 | 2.0 | 24.0 | 104.7% |
United Arab Emirates | 17.6 | 31.5 | 1.8 | 15.1 | -5.0% |
Thailand | 18.0 | 26.1 | 3.0 | 14.2 | -7.6% |
China | 10.1 | 31.3 | 15.8 | 13.0 | 8.8% |
South Africa | 14.9 | 5.1 | 1.7 | 10.4 | -11.3% |
India | 5.5 | 6.9 | 5.3 | 6.2 | 4.1% |
Japan | 3.7 | 1.8 | 2.4 | 2.4 | -13.4% |
Brazil | 1.0 | 0.9 | 0.9 | 2.0 | 26.0% |
Botswana | 0.7 | 0.9 | 0.9 | 1.1 | 16.3% |
Greece | 0.1 | 0.2 | 0.5 | 0.5 | 71.0% |
Switzerland | 1.0 | 0.8 | 0.6 | 0.4 | -26.3% |
Hong Kong SAR | 0.1 | 0.1 | 0.3 | 0.3 | 44.2% |
Others | 12.1 | 12.9 | 16.2 | 17.5 | 13.1% |
Total | 87.6 | 121 | 51.4 | 107 | 6.9% |
Top Suppliers of Petroleum-Engine Cargo Trucks to Nigeria in 2022:
- United States (2536.0 units)
- China (467.0 units)
- United Arab Emirates (351.0 units)
- Thailand (342.0 units)
- India (234.0 units)
- South Africa (232.0 units)
- Botswana (225.0 units)
- Brazil (216.0 units)
- Greece (173.0 units)
- Hong Kong SAR (158.0 units)
- Switzerland (155.0 units)
- Japan (112.0 units)
Petroleum-Engine Cargo Trucks Exports in Nigeria
In 2022, after three years of growth, there was significant decline in shipments abroad of goods vehicles, with spark-ignition internal combustion piston engine, when their volume decreased by -50% to 6 units. Over the period under review, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 120% against the previous year. The exports peaked at 12 units in 2021, and then declined significantly in the following year.
In value terms, petroleum-engine cargo trucks exports contracted markedly to $206K in 2022. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 1,161% against the previous year. As a result, the exports reached the peak of $571K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Petroleum-Engine Cargo Trucks in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ghana | 40.0 | 109 | 370 | 170 | 62.0% |
Benin | 2.7 | 6.6 | 49.1 | 25.7 | 111.9% |
United Kingdom | 1.1 | 1.8 | 7.6 | 4.9 | 64.5% |
Niger | 1.3 | 2.3 | 4.5 | 4.8 | 54.6% |
Cameroon | 0.1 | 0.3 | 0.9 | 0.4 | 58.7% |
Togo | N/A | 6.1 | N/A | N/A | 0% |
Angola | N/A | 445 | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 45.3 | 571 | 432 | 206 | 65.7% |
Top Export Markets for Petroleum-Engine Cargo Trucks from Nigeria in 2022:
- Ghana (2.0 units)
- United Kingdom (1.0 units)
- Niger (1.0 units)
- Cameroon (1.0 units)
- Benin (1.0 units)
This report provides an in-depth analysis of the petroleum-engine cargo trucks 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 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new
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
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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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