Nigeria - Hydraulic Cylinders And Systems - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Hydraulic Cylinder and System in Nigeria - 2022
Contents:
- Price for Hydraulic Cylinder and System in Nigeria (CIF) - 2022
- Price for Hydraulic Cylinder and System in Nigeria (FOB) - 2022
- Imports of Hydraulic Cylinder and System in Nigeria
- Exports of Hydraulic Cylinder and System in Nigeria
Price for Hydraulic Cylinder and System in Nigeria (CIF) - 2022
In 2022, the average hydraulic cylinder and system import price amounted to $205 per unit, surging by 43% against the previous year. In general, the import price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 74%. The import price peaked at $841 per unit in 2016; however, from 2017 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 the United States ($926 per unit), while the price for Sweden ($67 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hydraulic Cylinder and System in Nigeria (FOB) - 2022
The average hydraulic cylinder and system export price stood at $136 per unit in 2022, leveling off at the previous year. In general, the export price faced a abrupt decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 22%. The export price peaked at $1,087 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($855 per unit), while the average price for exports to South Africa ($1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hydraulic Cylinder and System in Nigeria
In 2022, purchases abroad of hydraulic cylinders and systems decreased by -56.1% to 50K units, falling for the second year in a row after two years of growth. Overall, imports saw a sharp curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 62%. As a result, imports reached the peak of 414K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, hydraulic cylinder and system imports declined remarkably to $10M in 2022. In general, imports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2020 when imports increased by 22% against the previous year. As a result, imports attained the peak of $34M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Hydraulic Cylinder and System in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.5 | 25.5 | 10.6 | 4.2 | -35.3% |
| Germany | 3.6 | 2.1 | 1.1 | 1.9 | -19.2% |
| Turkey | 0.3 | 0.4 | 0.2 | 0.7 | 32.6% |
| South Africa | N/A | N/A | N/A | 0.6 | 0% |
| Norway | N/A | 0.4 | N/A | 0.5 | 11.8% |
| India | 0.8 | 1.2 | 0.8 | 0.4 | -20.6% |
| Sweden | 1.0 | N/A | 0.1 | 0.1 | -53.6% |
| Malaysia | 0.6 | 0.3 | N/A | N/A | -50.0% |
| Others | 6.0 | 4.3 | 3.4 | 1.8 | -33.1% |
| Total | 28.0 | 34.1 | 16.2 | 10.2 | -28.6% |
Top Suppliers of Hydraulic Cylinder and System to Nigeria in 2022:
- China (26.4K units)
- Turkey (8.4K units)
- India (4.5K units)
- Germany (2.7K units)
- South Africa (1.5K units)
- Norway (1.5K units)
- Sweden (1.2K units)
- Malaysia (0.4K units)
Exports of Hydraulic Cylinder and System in Nigeria
Hydraulic cylinder and system exports from Nigeria skyrocketed to 110 units in 2022, rising by 38% compared with 2021 figures. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.2% 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 +52.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, hydraulic cylinder and system exports soared to $15K in 2022. Over the period under review, exports, however, faced a abrupt curtailment. Over the period under review, the exports hit record highs at $21K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Hydraulic Cylinder and System in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 14.2 | 0.7 | N/A | 10.8 | -8.7% |
| United Kingdom | 0.5 | 3.2 | 1.3 | 1.8 | 53.3% |
| Singapore | N/A | N/A | N/A | 0.4 | 0% |
| Cote d'Ivoire | 0.4 | 3.5 | 4.6 | N/A | 239.1% |
| Cameroon | N/A | N/A | 0.2 | N/A | 0% |
| Belgium | N/A | N/A | 2.2 | N/A | 0% |
| Germany | 2.2 | 1.0 | N/A | N/A | -54.5% |
| Angola | N/A | 2.7 | 0.2 | N/A | -92.6% |
| United States | 0.7 | 6.3 | N/A | N/A | 800.0% |
| Others | 2.7 | 1.7 | 2.5 | 2.1 | -8.0% |
| Total | 20.7 | 19.0 | 11.0 | 15.0 | -10.2% |
Top Export Markets for Hydraulic Cylinder and System from Nigeria in 2022:
- Netherlands (99.0 units)
- United Kingdom (4.0 units)
- Singapore (2.0 units)
- Angola (1.0 units)
This report provides an in-depth analysis of the market for hydraulic cylinder and system 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 28121130 - Hydraulic cylinders
- Prodcom 28121630 - Hydraulic systems (power packs with actuators)
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
278
This report provides an in-depth analysis of the market for hydraulic cylinder and system in Nigeria.
347
This report provides an in-depth analysis of the civil reaction engine market in Nigeria.
368
This report provides an in-depth analysis of the market for pneumatic linear acting actuator in Nigeria.
445
This report provides an in-depth analysis of the global market for hydraulic cylinder and system.
692
Global Power Packs Without Actuator Market Report 2018.
303
Global Power Packs With Actuator Market Report 2018. This report provides an in-depth analysis of the global market for power packs with actuator.
463
This report provides an in-depth analysis of the global civil reaction engine market.
314
Global Hydraulic System Market Report 2018. This report provides an in-depth analysis of the global hydraulic system market.
427
This report provides an in-depth analysis of the global market for pneumatic linear acting actuator.
347
Global Hydraulic And Pneumatic Motors Market Report 2018. This report provides an in-depth analysis of the global market for hydraulic and pneumatic motors.
Nothing found. Please try again.
