Nigeria - Lifts And Hoists - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLift and Hoist Price in Nigeria - 2022
Contents:
- Lift and Hoist Price in Nigeria (CIF) - 2022
- Lift and Hoist Price in Nigeria (FOB) - 2022
- Lift and Hoist Imports in Nigeria
- Lift and Hoist Exports in Nigeria
Lift and Hoist Price in Nigeria (CIF) - 2022
The average lift and hoist import price stood at $15,341 per unit in 2022, which is down by -21.8% against the previous year. In general, the import price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2014 an increase of 9% against the previous year. As a result, import price reached the peak level of $25,854 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($28,029 per unit), while the price for China ($11,652 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+3.3%), while the prices for the other major suppliers experienced a decline.
Lift and Hoist Price in Nigeria (FOB) - 2022
The average lift and hoist export price stood at $19,632 per unit in 2022, which is down by -7.9% against the previous year. Overall, the export price, however, enjoyed significant growth. The growth pace was the most rapid in 2013 when the average export price increased by 2,405%. The export price peaked at $21,323 per unit in 2021, and then declined in the following year.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -31.9% per year.
Lift and Hoist Imports in Nigeria
In 2022, purchases abroad of lifts and hoists increased by 143% to 4K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, lift and hoist imports surged to $62M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Lift and Hoist in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.1 | 13.9 | 11.9 | 15.2 | 23.3% |
| Thailand | 1.8 | 3.7 | 4.2 | 8.7 | 69.1% |
| Finland | 1.7 | 2.2 | 2.4 | 5.8 | 50.5% |
| Spain | 4.0 | 3.1 | 1.6 | 5.5 | 11.2% |
| Turkey | 1.1 | 1.3 | 1.5 | 3.7 | 49.8% |
| Botswana | 1.1 | 1.2 | 1.1 | 2.4 | 29.7% |
| Italy | 2.4 | 0.6 | 1.5 | 2.3 | -1.4% |
| France | 1.8 | 0.5 | 0.2 | 1.6 | -3.9% |
| India | 1.9 | N/A | 0.2 | 0.3 | -46.0% |
| Others | 9.0 | 5.8 | 8.2 | 16.5 | 22.4% |
| Total | 32.8 | 32.1 | 32.7 | 61.9 | 23.6% |
Top Suppliers of Lift and Hoist to Nigeria in 2022:
- China (1305.0 units)
- Thailand (507.0 units)
- Spain (366.0 units)
- Turkey (247.0 units)
- Finland (207.0 units)
- Italy (153.0 units)
- Botswana (106.0 units)
- France (95.0 units)
- India (17.0 units)
Lift and Hoist Exports in Nigeria
In 2022, after three years of growth, there was significant decline in shipments abroad of lifts and hoists, when their volume decreased by -44.4% to 5 units. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 350% against the previous year. As a result, the exports reached the peak of 9 units, and then dropped sharply in the following year.
In value terms, lift and hoist exports contracted rapidly to $98K in 2022. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 4,250%. As a result, the exports reached the peak of $192K, and then dropped significantly in the following year.
| Export of Lift and Hoist in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 98.2 | 0% |
| Cote d'Ivoire | N/A | 1.4 | N/A | N/A | 0% |
| Oman | N/A | 3.0 | N/A | N/A | 0% |
| Portugal | N/A | N/A | 96.0 | N/A | 0% |
| Netherlands | 3.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 95.9 | N/A | 0% |
| Total | 3.5 | 4.4 | 192 | 98.2 | 203.9% |
Top Export Markets for Lift and Hoist from Nigeria in 2022:
- India (5.0 units)
This report provides an in-depth analysis of the lift and hoist 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 28221630 - Electrically operated lifts and skip hoists
- Prodcom 28221650 - Lifts and skip hoists (excluding electrically operated)
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
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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
-
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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