Price for Generators; AC Generators, (Alternators), of an Output Not Exceeding 75kVA in Nigeria - 2022
Contents:
- Price for Generators; AC Generators, (Alternators), of an Output Not Exceeding 75kVA in Nigeria (CIF) - 2022
- Imports of Generators; AC Generators, (Alternators), of an Output Not Exceeding 75kVA in Nigeria
Price for Generators; AC Generators, (Alternators), of an Output Not Exceeding 75kVA in Nigeria (CIF) - 2022
The average import price for generators stood at $738 per unit in 2022, surging by 17% against the previous year. Over the period under review, the import price, however, saw a slight shrinkage. The import price peaked at $821 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Lebanon ($721 per unit) and Italy ($718 per unit), while the price for the United States ($698 per unit) and the UK ($715 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Generators; AC Generators, (Alternators), of an Output Not Exceeding 75kVA in Nigeria
In 2022, supplies from abroad of generators decreased by -9.6% to 7.9K units, falling for the second consecutive year after two years of growth. In general, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 33% against the previous year. As a result, imports reached the peak of 18K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of generators expanded significantly to $5.9M in 2022. Over the period under review, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. As a result, imports reached the peak of $11M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Generators; AC Generators, (Alternators), of an Output Not Exceeding 75kVA in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 0.8 | 1.3 | 1.4 | 1.9 | 33.4% |
| France | 5.8 | 3.9 | 1.5 | 1.8 | -32.3% |
| China | 2.5 | 5.4 | 1.3 | 1.5 | -15.7% |
| India | 0.1 | N/A | 0.3 | 0.4 | 58.7% |
| Italy | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| Others | 0.2 | 0.7 | 0.9 | 0.2 | 0.0% |
| Total | 9.6 | 11.3 | 5.6 | 5.9 | -15.0% |
Top Suppliers of Generators; AC Generators, (Alternators), of an Output Not Exceeding 75kVA to Nigeria in 2022:
- Czech Republic (2.6K units)
- France (2.5K units)
- China (2.0K units)
- India (0.6K units)
- Italy (0.2K units)
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