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Nigeria - Tapered Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTapered Roller Bearing Price in Nigeria - 2022
Contents:
- Tapered Roller Bearing Price in Nigeria (CIF) - 2022
- Tapered Roller Bearing Price in Nigeria (FOB) - 2022
- Tapered Roller Bearing Imports in Nigeria
- Tapered Roller Bearing Exports in Nigeria
Tapered Roller Bearing Price in Nigeria (CIF) - 2022
The import price in Nigeria stood at $2,470 per ton in 2022, surging by 19% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by 194% against the previous year. Nigeria import price peaked at $17,309 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($16,049 per ton), while Brazil ($6,838 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.7%), while the other leaders experienced a decline in the import price figures.
Tapered Roller Bearing Price in Nigeria (FOB) - 2022
In 2022, the export price in Nigeria amounted to $21,756 per ton, which is down by -18.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the export price increased by 109% against the previous year. The Nigeria export price peaked at $32,198 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($54,921 per ton), while Thailand ($5,057 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.3%), while the other leaders experienced more modest paces of growth.
Tapered Roller Bearing Imports in Nigeria
In 2022, after three years of growth, there was significant decline in supplies from abroad of tapered roller bearings, when their volume decreased by -47.7% to 3.9K tons. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,401%.
In value terms, tapered roller bearing imports shrank notably to $9.7M in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 931% against the previous year.
Import of Tapered Roller Bearing in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 632 | 546 | 641 | 667 | 1.8% |
United States | 511 | 378 | 523 | 621 | 6.7% |
China | 487 | 699 | 808 | 487 | 0.0% |
France | 277 | 239 | 282 | 283 | 0.7% |
Mexico | 226 | 155 | 211 | 272 | 6.4% |
Brazil | 142 | 109 | 182 | 207 | 13.4% |
Italy | 154 | 129 | 174 | 186 | 6.5% |
Australia | 80.3 | 92.5 | 104 | 148 | 22.6% |
India | 122 | 78.0 | 146 | 147 | 6.4% |
Canada | 120 | 102 | 109 | 133 | 3.5% |
Sweden | 119 | 101 | 127 | 127 | 2.2% |
Turkey | 56.9 | 57.9 | 77.1 | 106 | 23.0% |
Russia | 95.1 | 89.1 | 110 | 99.8 | 1.6% |
Others | -3,019.2 | -2,760.3 | -3,477.5 | -3,475.6 | 4.8% |
Total | 1.5 | 15.3 | 15.7 | 9.7 | 86.3% |
Top Suppliers of Tapered Roller Bearing to Nigeria in 2022:
- Germany (71.0K tons)
- United States (55.2K tons)
- China (30.4K tons)
- Brazil (30.3K tons)
- France (26.3K tons)
- Mexico (24.7K tons)
- Italy (19.9K tons)
- Russia (12.9K tons)
- Turkey (12.5K tons)
- Sweden (12.5K tons)
- Australia (12.1K tons)
- India (12.1K tons)
- Canada (10.9K tons)
Tapered Roller Bearing Exports in Nigeria
After two years of decline, shipments abroad of tapered roller bearings increased by 124% to 643 kg in 2022. Overall, exports, however, continue to indicate a deep slump.
In value terms, tapered roller bearing exports skyrocketed to $14K in 2022. Over the period under review, exports, however, continue to indicate a deep slump.
Export of Tapered Roller Bearing in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 716 | 814 | 890 | 683 | -1.6% |
China | 480 | 430 | 650 | 681 | 12.4% |
United States | 543 | 428 | 492 | 647 | 6.0% |
Japan | 687 | 555 | 673 | 626 | -3.1% |
France | 388 | 316 | 383 | 369 | -1.7% |
Romania | 255 | 203 | 254 | 353 | 11.4% |
India | 163 | 140 | 230 | 260 | 16.8% |
Austria | 208 | 150 | 174 | 183 | -4.2% |
South Korea | 180 | 143 | 165 | 180 | 0.0% |
Hungary | 95.0 | 73.1 | 87.7 | 143 | 14.6% |
Poland | 105 | 100 | 136 | 140 | 10.1% |
Italy | 112 | 100 | 110 | 107 | -1.5% |
Thailand | 31.2 | 24.4 | 44.2 | 40.8 | 9.4% |
Others | -3,963.9 | -3,477.2 | -4,289.9 | -4,411.1 | 3.6% |
Total | N/A | N/A | N/A | N/A | 0% |
Top Export Markets for Tapered Roller Bearing from Nigeria in 2022:
- China (130.1K tons)
- Japan (53.8K tons)
- Germany (45.2K tons)
- Romania (24.2K tons)
- France (23.8K tons)
- Austria (22.0K tons)
- South Korea (19.7K tons)
- India (19.6K tons)
- Poland (15.5K tons)
- Hungary (12.4K tons)
- United States (11.8K tons)
- Italy (8.2K tons)
- Thailand (8.1K tons)
This report provides an in-depth analysis of the tapered roller bearing 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 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
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
-
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
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