Price for Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled in Nigeria - 2023

Contents:

1. Price for Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled in Nigeria (CIF) - 2022
2. Imports of Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled in Nigeria

Price for Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled in Nigeria (CIF) - 2022

The average import price for railway or tramway goods vans and wagons; covered and closed, not self-propelleds stood at $628 per unit in 2022, dropping by -37.1% against the previous year. Overall, the import price showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2014 when the average import price decreased by -4.3% against the previous year. The import price peaked at $6,427 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,773 per unit), while the price for China ($16 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.4%).

Imports of Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled in Nigeria

For the fourth year in a row, Nigeria recorded growth in supplies from abroad of railway or tramway goods vans and wagons; covered and closed, not self-propelleds, which increased by 50% to 3 units in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of railway or tramway goods vans and wagons; covered and closed, not self-propelleds dropped to $1.9K in 2022. Overall, imports, however, recorded a drastic downturn. The smallest decline of -5.7% was in 2020. Over the period under review, imports of reached the peak figure at $2.2K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Railway or Tramway Goods Vans and Wagons; Covered and Closed, Not Self-Propelled to Nigeria in 2022:

1. Italy (1.0 units)
2. China (1.0 units)
3. India (1.0 units)

Source: IndexBox Market Intelligence Platform