Price for Tanker Trailers and Tanker Semi-Trailers in Nigeria - 2022

Price for Tanker Trailers and Tanker Semi-Trailers in Nigeria (CIF) - 2022

The average import price for tanker trailers and tanker semi-trailerses stood at $56,074 per unit in 2022, with an increase of 11% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tanker trailers and tanker semi-trailers import price increased by +31.2% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 20%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($74,773 per unit), while the price for the Netherlands ($20,345 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tanker Trailers and Tanker Semi-Trailers in Nigeria (FOB) - 2022

The average export price for tanker trailers and tanker semi-trailerses stood at $31,031 per unit in 2022, growing by 67% against the previous year. Overall, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of 311%. The export price peaked at $51,068 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +84.5% per year.

Imports of Tanker Trailers and Tanker Semi-Trailers in Nigeria

For the fourth consecutive year, Nigeria recorded growth in purchases abroad of tanker trailers and tanker semi-trailerses, which increased by 96% to 629 units in 2022. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tanker trailers and tanker semi-trailers imports surged to $35M in 2022. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Tanker Trailers and Tanker Semi-Trailers in Nigeria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	4.4	3.5	9.5	24.6	77.5%
Hong Kong SAR	2.0	3.3	3.4	4.7	33.0%
Turkey	0.3	0.6	0.7	2.8	110.5%
United Kingdom	0.9	N/A	N/A	0.4	-23.7%
Netherlands	N/A	N/A	N/A	0.2	0%
India	0.7	1.4	0.8	0.2	-34.1%
Others	1.7	2.1	1.9	2.3	10.6%
Total	10.0	11.0	16.3	35.3	52.3%

Top Suppliers of Tanker Trailers and Tanker Semi-Trailers to Nigeria in 2022:

China (341.0 units)
Hong Kong SAR (124.0 units)
Turkey (37.0 units)
Netherlands (11.0 units)
United Kingdom (8.0 units)
India (3.0 units)

Exports of Tanker Trailers and Tanker Semi-Trailers in Nigeria

In 2022, after two years of decline, there was decline in overseas shipments of tanker trailers and tanker semi-trailerses, when their volume decreased by 0% to 1 units. In general, exports faced a sharp decline. The smallest decline of -50% was in 2020. Over the period under review, the exports attained the maximum at 2 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, tanker trailers and tanker semi-trailers exports skyrocketed to $31K in 2022. Over the period under review, exports recorded a precipitous decline. Over the period under review, the exports reached the maximum at $102K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.