Price for Milking Machines and Dairy Machinery in Nigeria - 2022
Contents:
- Price for Milking Machines and Dairy Machinery in Nigeria (CIF) - 2022
- Price for Milking Machines and Dairy Machinery in Nigeria (FOB) - 2022
- Imports of Milking Machines and Dairy Machinery in Nigeria
- Exports of Milking Machines and Dairy Machinery in Nigeria
Price for Milking Machines and Dairy Machinery in Nigeria (CIF) - 2022
The average import price for milking machines and dairy machineries stood at $2,069 per unit in 2022, increasing by 107% against the previous year. Overall, the import price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2019 an increase of 129%. The import price peaked at $5,732 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Andorra ($21,868 per unit), while the price for the United States ($149 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Andorra (+9.4%), while the prices for the other major suppliers experienced a decline.
Price for Milking Machines and Dairy Machinery in Nigeria (FOB) - 2022
The average export price for milking machines and dairy machineries stood at $4,099 per unit in 2022, growing by 252% against the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked at $11,032 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($7,951 per unit), while the average price for exports to Niger ($123 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+5.9%), while the prices for the other major destinations experienced a decline.
Imports of Milking Machines and Dairy Machinery in Nigeria
In 2022, the amount of milking machines and dairy machineries imported into Nigeria fell sharply to 9.1K units, waning by -15.6% against the previous year's figure. In general, imports, however, saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 253% against the previous year. As a result, imports reached the peak of 11K units, and then declined sharply in the following year.
In value terms, milking machines and dairy machinery imports soared to $19M in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 97%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Milking Machines and Dairy Machinery in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Andorra | 2.0 | 1.8 | 3.2 | 5.6 | 40.9% |
| China | 1.2 | 0.6 | 2.5 | 3.5 | 42.9% |
| Netherlands | 0.4 | 0.4 | 1.5 | 3.1 | 97.9% |
| United States | N/A | N/A | N/A | 0.1 | 0% |
| Denmark | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 3.6 | 2.5 | 3.5 | 6.5 | 21.8% |
| Total | 7.5 | 5.5 | 10.8 | 18.9 | 36.1% |
Top Suppliers of Milking Machines and Dairy Machinery to Nigeria in 2022:
- China (6.7K units)
- Netherlands (0.5K units)
- United States (0.4K units)
- Andorra (0.3K units)
- Denmark (0.1K units)
Exports of Milking Machines and Dairy Machinery in Nigeria
In 2022, approx. 5 units of milking machines and dairy machineries were exported from Nigeria; which is down by -16.7% against the previous year. Over the period under review, exports continue to indicate a precipitous decline. The exports peaked at 123 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, milking machines and dairy machinery exports skyrocketed to $19K in 2022. Overall, exports continue to indicate a precipitous decrease. Over the period under review, the exports hit record highs at $338K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Milking Machines and Dairy Machinery in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 5.8 | 22.5 | 6.2 | 18.0 | 45.9% |
| Niger | 0.4 | 0.6 | 0.1 | 0.2 | -20.6% |
| Spain | 94.2 | N/A | N/A | N/A | 0% |
| Norway | 2.7 | N/A | N/A | N/A | 0% |
| Kenya | N/A | 5.6 | N/A | N/A | 0% |
| Burundi | 59.2 | N/A | N/A | N/A | 0% |
| Congo | N/A | N/A | 0.1 | N/A | 0% |
| Liberia | 81.1 | N/A | N/A | N/A | 0% |
| Others | 94.5 | 1.1 | 0.9 | 0.5 | -82.6% |
| Total | 338 | 29.9 | 7.3 | 18.6 | -62.0% |
Top Export Markets for Milking Machines and Dairy Machinery from Nigeria in 2022:
- Niger (2.0 units)
- Cote d'Ivoire (2.0 units)
495
This report provides an in-depth analysis of the milking machine market in Nigeria.
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This report provides an in-depth analysis of the dairy machinery market in Nigeria.
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This report provides an in-depth analysis of the global milking machine market.
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This report provides an in-depth analysis of the global dairy machinery market.
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This report provides an in-depth analysis of the milking machine market in Nigeria.
355
This report provides an in-depth analysis of the dairy machinery market in Nigeria.
1201
This report provides an in-depth analysis of the global milking machine market.
592
This report provides an in-depth analysis of the global dairy machinery market.
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