Nigeria - Railway Or Tramway Track Fixtures And Fittings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRailway Track Fixture Price in Nigeria - 2022
Contents:
- Railway Track Fixture Price in Nigeria (CIF) - 2022
- Railway Track Fixture Price in Nigeria (FOB) - 2022
- Railway Track Fixture Imports in Nigeria
- Railway Track Fixture Exports in Nigeria
Railway Track Fixture Price in Nigeria (CIF) - 2022
The average railway track fixture import price stood at $16,492 per ton in 2022, increasing by 74% against the previous year. Overall, the import price showed strong growth. The growth pace was the most rapid in 2021 when the average import price increased by 393%. The import price peaked at $16,961 per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 China ($16,752 per ton), while the price for South Africa ($4,848 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Djibouti (+6,074.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Railway Track Fixture Price in Nigeria (FOB) - 2022
In 2022, the average railway track fixture export price amounted to $5,996 per ton, with a decrease of -4% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of 114% against the previous year. Over the period under review, the average export prices attained the maximum at $18,143 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -10.5% per year.
Railway Track Fixture Imports in Nigeria
In 2022, approx. 239 tons of railway or tramway track fixtures and fittings were imported into Nigeria; falling by -52.2% against the year before. Over the period under review, imports showed a dramatic curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year.
In value terms, railway track fixture imports fell rapidly to $3.9M in 2022. In general, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 498%. As a result, imports attained the peak of $4.7M, and then contracted dramatically in the following year.
Import of Railway Track Fixture in Nigeria (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 661 | 449 | 4,087 | 3,530 | 74.8% |
South Africa | 7.5 | 63.4 | 50.4 | 37.5 | 71.0% |
Turkey | 1.7 | 16.5 | 24.6 | 33.8 | 170.9% |
Ukraine | 53.5 | 10.5 | 34.2 | 32.7 | -15.1% |
United Kingdom | 148 | 148 | 105 | 20.2 | -48.5% |
Others | 75.0 | 104 | 430 | 290 | 57.0% |
Total | 947 | 792 | 4,732 | 3,944 | 60.9% |
Top Suppliers of Railway Track Fixture to Nigeria in 2022:
- China (210.7 tons)
- South Africa (7.7 tons)
- Turkey (6.1 tons)
- Ukraine (3.7 tons)
- United Kingdom (1.5 tons)
Railway Track Fixture Exports in Nigeria
In 2022, after three years of growth, there was significant decline in shipments abroad of railway or tramway track fixtures and fittings, when their volume decreased by -11.3% to 544 kg. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. As a result, the exports reached the peak of 613 kg, and then reduced in the following year.
In value terms, railway track fixture exports shrank to $3.3K in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 42% against the previous year. As a result, the exports reached the peak of $3.8K, and then declined in the following year.
Export of Railway Track Fixture in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 2.3 | 2.7 | 3.8 | 3.3 | 12.8% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 2.3 | 2.7 | 3.8 | 3.3 | 12.8% |
Top Export Markets for Railway Track Fixture from Nigeria in 2022:
- South Africa (544.0 kg)
This report provides an in-depth analysis of the railway track fixture market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 399900Z5 - Railway or tramway track fixtures and fittings (excluding sleepers of wood, concrete or steel, sections of track and other track fixtures not yet assembled and railway or tramway track construction material), mechanical, including electromechanical, signalling, safety or traffic control equipment for railways, tramways, roads, inland waterways, p arking facilities, port installations or airfields, parts of the foregoing
- Prodcom 25992910 - Railway or tramway track fixtures and fittings and parts thereof
- Prodcom 30204050 - Mechanical or electromechanical signalling, safety or traffic control equipment for roads, inland waterways, parking facilities, port installations or airfields
- Prodcom 30204060 - Mechanical signalling, safety or traffic control equipment for railways or tramways, parts of mechanical (including electromechanical), signalling, safety or traffic control equipment for railways, tramways, roads, inland waterways, p arking facilities, port installations or airfields
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the railway track fixture market in Nigeria.
This report provides an in-depth analysis of the global railway track fixture market.
This report provides an in-depth analysis of the railway track fixture market in Nigeria.
This report provides an in-depth analysis of the global railway track fixture market.
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