Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Nigeria - 2022
Contents:
- Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Nigeria (CIF) - 2022
- Imports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Nigeria
Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Nigeria (CIF) - 2022
The average import price for harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses stood at $556 per unit in 2022, with a decrease of -7.6% against the previous year. Over the period under review, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2019 an increase of 52% against the previous year. Over the period under review, average import prices hit record highs at $1,362 per unit 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 the United States ($1,077 per unit), while the price for China ($525 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced a decline.
Imports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Nigeria
In 2022, after three years of growth, there was significant decline in supplies from abroad of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses, when their volume decreased by -12.7% to 69K units. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 236% against the previous year. Imports peaked at 80K units in 2021, and then fell in the following year.
In value terms, imports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses fell notably to $39M in 2022. In general, imports, however, showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 168%. As a result, imports reached the peak of $48M, and then contracted markedly in the following year.
| Import of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.2 | 15.9 | 44.6 | 36.1 | 124.3% |
| Others | 5.6 | 2.0 | 3.2 | 2.4 | -24.6% |
| Total | 8.7 | 17.9 | 47.8 | 38.6 | 64.3% |
Top Suppliers of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes to Nigeria in 2022:
- China (68.8K units)
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