Price for Boilers; Watertube Boilers with A Steam Production Not Exceeding 45t Per Hour in Nigeria - 2023
Contents:
- Price for Boilers; Watertube Boilers with A Steam Production Not Exceeding 45t Per Hour in Nigeria (CIF) - 2022
- Imports of Boilers; Watertube Boilers with A Steam Production Not Exceeding 45t Per Hour in Nigeria
Price for Boilers; Watertube Boilers with A Steam Production Not Exceeding 45t Per Hour in Nigeria (CIF) - 2022
In 2022, the average import price for boilers; watertube boilers with a steam production not exceeding 45t per hour amounted to $6,060 per ton, surging by 35% against the previous year. Overall, the import price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 75% against the previous year. Over the period under review, average import prices reached the peak figure at $8,682 per ton in 2014; however, from 2015 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 Malaysia ($8,486 per ton), while the price for China ($5,302 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Boilers; Watertube Boilers with A Steam Production Not Exceeding 45t Per Hour in Nigeria
In 2022, after three years of growth, there was significant decline in supplies from abroad of boilers; watertube boilers with a steam production not exceeding 45t per hour, when their volume decreased by -38.8% to 1.7K tons. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 149% against the previous year.
In value terms, imports of boilers; watertube boilers with a steam production not exceeding 45t per hour reduced rapidly to $10M in 2022. Overall, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 193%.
| Import of Boilers; Watertube Boilers with A Steam Production Not Exceeding 45t Per Hour in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.4 | 2.1 | 5.8 | 5.1 | 133.6% |
| India | 2.5 | 7.0 | 4.5 | 4.8 | 24.3% |
| Malaysia | N/A | N/A | 2.1 | N/A | 0% |
| Others | 0.2 | N/A | 0.3 | 0.4 | 26.0% |
| Total | 3.1 | 9.1 | 12.6 | 10.4 | 49.7% |
Top Suppliers of Boilers; Watertube Boilers with A Steam Production Not Exceeding 45t Per Hour to Nigeria in 2022:
- China (969.0 tons)
- India (729.4 tons)
- Malaysia (2.1 tons)
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