Price for Tugs and Pusher Craft in Nigeria - 2022

Contents:

1. Price for Tugs and Pusher Craft in Nigeria (CIF) - 2022
2. Price for Tugs and Pusher Craft in Nigeria (FOB) - 2022
3. Imports of Tugs and Pusher Craft in Nigeria
4. Exports of Tugs and Pusher Craft in Nigeria

Price for Tugs and Pusher Craft in Nigeria (CIF) - 2022

In 2022, the average tugs and pusher craft import price amounted to $401,354 per unit, falling by -29.1% against the previous year. In general, the import price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2021 an increase of 2,165% against the previous year. Over the period under review, average import prices reached the maximum at $1,205,705 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 ($1,782,640 per unit), while the price for India ($90 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tugs and Pusher Craft in Nigeria (FOB) - 2022

In 2022, the average tugs and pusher craft export price amounted to $2,069 per unit, shrinking by -8.8% against the previous year. Overall, the export price continues to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 278%. As a result, the export price reached the peak level of $139,857 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -16.1% per year.

Imports of Tugs and Pusher Craft in Nigeria

In 2022, approx. 19 units of tugs and pusher crafts were imported into Nigeria; with a decrease of -26.9% on 2021 figures. Overall, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 189% against the previous year. As a result, imports reached the peak of 26 units, and then shrank significantly in the following year.

In value terms, tugs and pusher craft imports reduced sharply to $7.4M in 2022. In general, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 6,664%. As a result, imports attained the peak of $15M, and then reduced rapidly in the following year.

Top Suppliers of Tugs and Pusher Craft to Nigeria in 2022:

1. Cameroon (3.0 units)
2. Spain (2.0 units)
3. Netherlands (1.0 units)
4. Italy (1.0 units)
5. Singapore (1.0 units)
6. United Arab Emirates (1.0 units)
7. India (1.0 units)
8. Malaysia (1.0 units)
9. Vietnam (1.0 units)
10. Germany (1.0 units)
11. Hong Kong SAR (1.0 units)
12. Belgium (1.0 units)
13. China (1.0 units)

Exports of Tugs and Pusher Craft in Nigeria

For the fourth consecutive year, Nigeria recorded growth in shipments abroad of tugs and pusher crafts, which increased by 26% to 203K units in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, tugs and pusher craft exports rose notably to $419M in 2022. Over the period under review, exports, however, saw a abrupt curtailment. Over the period under review, the exports hit record highs at $616M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Tugs and Pusher Craft from Nigeria in 2022:

1. Netherlands (199.6K units)

Source: IndexBox Market Intelligence Platform