Price for Liquid Elevators; Parts Thereof in Nigeria - 2022
Contents:
- Price for Liquid Elevators; Parts Thereof in Nigeria (CIF) - 2022
- Price for Liquid Elevators; Parts Thereof in Nigeria (FOB) - 2022
- Imports of Liquid Elevators; Parts Thereof in Nigeria
- Exports of Liquid Elevators; Parts Thereof in Nigeria
Price for Liquid Elevators; Parts Thereof in Nigeria (CIF) - 2022
In 2022, the average liquid elevators; parts thereof import price amounted to $6,114 per ton, dropping by -8% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 an increase of 211%. Over the period under review, average import prices hit record highs at $18,126 per ton in 2015; however, from 2016 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 Belgium ($44,924 per ton), while the price for China ($3,832 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced a decline.
Price for Liquid Elevators; Parts Thereof in Nigeria (FOB) - 2022
The average liquid elevators; parts thereof export price stood at $23,236 per ton in 2022, which is down by -2.2% against the previous year. Overall, the export price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2013 an increase of 49%. As a result, the export price attained the peak level of $44,150 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($241,852 per ton), while the average price for exports to Niger amounted to $17,023 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+1,349.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Liquid Elevators; Parts Thereof in Nigeria
In 2022, overseas purchases of liquid elevators; parts thereoves decreased by -18.2% to 179 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a sharp downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 457% against the previous year. As a result, imports reached the peak of 2K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, liquid elevators; parts thereof imports reduced notably to $1.1M in 2022. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 194% against the previous year. As a result, imports attained the peak of $4.4M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Liquid Elevators; Parts Thereof in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 794 | 3,385 | 469 | 590 | -9.4% |
| Belgium | 1.0 | 392 | 313 | 150 | 431.3% |
| Netherlands | 308 | 234 | 82.1 | 79.9 | -36.2% |
| India | 67.9 | 173 | 74.5 | 41.5 | -15.1% |
| Others | 318 | 185 | 516 | 233 | -9.8% |
| Total | 1,489 | 4,369 | 1,454 | 1,094 | -9.8% |
Top Suppliers of Liquid Elevators; Parts Thereof to Nigeria in 2022:
- China (153.8 tons)
- India (9.8 tons)
- Netherlands (7.9 tons)
- Belgium (3.3 tons)
Exports of Liquid Elevators; Parts Thereof in Nigeria
In 2022, approx. 2 tons of liquid elevators; parts thereoves were exported from Nigeria; jumping by 22% compared with 2021 figures. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 212% against the previous year. As a result, the exports reached the peak of 2.4 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, liquid elevators; parts thereof exports skyrocketed to $46K in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 216%. As a result, the exports reached the peak of $54K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Liquid Elevators; Parts Thereof in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 10.9 | 38.0 | 26.7 | 33.0 | 44.7% |
| United Kingdom | 2.9 | 15.4 | 10.8 | 13.3 | 66.1% |
| Others | 3.2 | 0.3 | 1.4 | N/A | -33.9% |
| Total | 17.0 | 53.7 | 39.0 | 46.3 | 39.7% |
Top Export Markets for Liquid Elevators; Parts Thereof from Nigeria in 2022:
- Niger (1939.0 kg)
- United Kingdom (55.0 kg)
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