Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Nigeria - 2022
Contents:
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Nigeria (CIF) - 2022
- Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Nigeria (FOB) - 2022
- Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Nigeria
- Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Nigeria
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Nigeria (CIF) - 2022
The average import price for electric motors and generators stood at $39,322 per unit in June 2022, flattening at the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2022 when the average import price increased by 0.2% month-to-month. As a result, import price attained the peak level of $39,393 per unit; afterwards, it flattened through to June 2022.
Average prices varied noticeably amongst the major supplying countries. In June 2022, the country with the highest price was the United Arab Emirates ($39,513 per unit), while the price for China ($39,316 per unit) was amongst the lowest.
From February 2022 to June 2022, the most notable rate of growth in terms of prices was attained by China (+0.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors and Generators; DC, of an Output Exceeding 375kW in Nigeria (FOB) - 2022
The average export price for electric motors and generators stood at $52 per unit in 2021, approximately equating the previous year. Over the period under review, the export price, however, faced a precipitous curtailment. The growth pace was the most rapid in 2019 when the average export price increased by 160% against the previous year. The export price peaked at $16,994 per unit in 2012; however, from 2013 to 2021, 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 Germany ($155 per unit), while the average price for exports to Belgium ($1 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-30.0%).
Imports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Nigeria
In 2022, approx. 202 units of electric motors and generators were imported into Nigeria; increasing by 418% compared with 2021. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of electric motors and generators surged to $5.8M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 715 | 1,550 | 303 | 4,561 | 85.5% |
| Japan | 9.1 | 25.8 | 63.6 | 339 | 234.0% |
| Netherlands | 199 | 338 | 191 | 287 | 13.0% |
| France | 173 | 125 | 44.3 | 235 | 10.7% |
| India | 177 | 16.2 | 132 | 195 | 3.3% |
| Australia | 7.3 | 8.9 | 8.9 | 42.5 | 79.9% |
| United Arab Emirates | 15.7 | 39.9 | 24.0 | 3.3 | -40.5% |
| Others | 320 | 461 | 153 | 142 | -23.7% |
| Total | 1,616 | 2,564 | 919 | 5,804 | 53.1% |
Top Suppliers of Electric Motors and Generators; DC, of an Output Exceeding 375kW to Nigeria in 2022:
- China (163.0 units)
- Japan (12.0 units)
- Netherlands (3.0 units)
- Australia (3.0 units)
- India (2.0 units)
- France (2.0 units)
- United Arab Emirates (1.0 units)
Exports of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Nigeria
In 2021, exports of electric motors and generators from Nigeria totaled 3 units, therefore, remained relatively stable against the previous year. Over the period under review, exports recorded a sharp curtailment. The smallest decline of -72.7% was in 2020. Over the period under review, the exports of attained the peak figure at 11 units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.
In value terms, exports of electric motors and generators reached $157 in 2021. In general, exports recorded a precipitous curtailment. The exports peaked at $36K in 2019; however, from 2020 to 2021, the exports remained at a lower figure.
| Export of Electric Motors and Generators; DC, of an Output Exceeding 375kW in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Germany | 36.2 | 0.2 | 0.2 | -92.6% | |
| Cote d'Ivoire | N/A | N/A | N/A | 0% | |
| Belgium | N/A | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 36.2 | 0.2 | 0.2 | -92.6% | |
Top Export Markets for Electric Motors and Generators; DC, of an Output Exceeding 375kW from Nigeria in 2022:
- Belgium (1.0 units)
- Germany (1.0 units)
- Cote d'Ivoire (1.0 units)
744
This report provides an in-depth analysis of the dc motor market in Nigeria.
827
This report provides an in-depth analysis of the ac/dc motor market in Nigeria.
1146
This report provides an in-depth analysis of the global dc motor market.
1525
This report provides an in-depth analysis of the global ac/dc motor market.
744
This report provides an in-depth analysis of the dc motor market in Nigeria.
827
This report provides an in-depth analysis of the ac/dc motor market in Nigeria.
1146
This report provides an in-depth analysis of the global dc motor market.
1525
This report provides an in-depth analysis of the global ac/dc motor market.
237
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
892
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1222
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
1323
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
237
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
892
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1222
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
1323
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
