Nigeria - Pulley Tackle And Hoists, Non-Powered By Electric Motor - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Electric Pulley Tackle Price in Nigeria - 2022
Contents:
- Non-Electric Pulley Tackle Price in Nigeria (CIF) - 2022
- Non-Electric Pulley Tackle Price in Nigeria (FOB) - 2022
- Non-Electric Pulley Tackle Imports in Nigeria
- Non-Electric Pulley Tackle Exports in Nigeria
Non-Electric Pulley Tackle Price in Nigeria (CIF) - 2022
In 2022, the average non-electric pulley tackle import price amounted to $134 per unit, rising by 36% against the previous year. In general, the import price, however, showed a abrupt slump. Over the period under review, average import prices attained the peak figure at $346 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($954 per unit), while the price for Germany ($18 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced a decline.
Non-Electric Pulley Tackle Price in Nigeria (FOB) - 2022
The average non-electric pulley tackle export price stood at $276 per unit in 2022, shrinking by -45.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 212%. As a result, the export price attained the peak level of $1,453 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($305 per unit), while the average price for exports to Niger ($17 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 South Korea (+306.5%), while the prices for the other major destinations experienced mixed trend patterns.
Non-Electric Pulley Tackle Imports in Nigeria
For the third year in a row, Nigeria recorded decline in overseas purchases of pulley tackle and hoists, non-powered by electric motor, which decreased by -83.3% to 15K units in 2022. In general, imports recorded a sharp setback. The smallest decline of -15.8% was in 2020. Over the period under review, imports hit record highs at 259K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, non-electric pulley tackle imports reduced rapidly to $1.9M in 2022. Over the period under review, imports recorded a sharp shrinkage. The smallest decline of -22.4% was in 2020. Imports peaked at $32M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Non-Electric Pulley Tackle in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 6.6 | 2.5 | 0.4 | 0.4 | -60.7% |
| China | 18.0 | 19.3 | 7.0 | 0.4 | -71.9% |
| United Arab Emirates | 1.1 | 0.2 | N/A | 0.3 | -35.2% |
| New Zealand | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| Portugal | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Japan | 0.4 | 0.1 | N/A | 0.1 | -37.0% |
| Germany | 3.6 | 1.3 | 0.2 | 0.1 | -69.7% |
| Austria | N/A | N/A | N/A | N/A | 0% |
| Others | 2.1 | 1.3 | 0.5 | 0.3 | -47.7% |
| Total | 32.3 | 25.1 | 8.6 | 1.9 | -61.1% |
Top Suppliers of Non-Electric Pulley Tackle to Nigeria in 2022:
- China (5.2K units)
- Germany (3.8K units)
- New Zealand (1.2K units)
- United Arab Emirates (1.1K units)
- Portugal (0.6K units)
- Japan (0.6K units)
- United Kingdom (0.4K units)
- Austria (0.2K units)
Non-Electric Pulley Tackle Exports in Nigeria
Non-electric pulley tackle exports from Nigeria surged to 37 units in 2022, rising by 37% compared with 2021. Over the period under review, exports, however, showed a perceptible slump. The pace of growth was the most pronounced in 2021 with an increase of 69% against the previous year. Over the period under review, the exports attained the peak figure at 40 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, non-electric pulley tackle exports reduced rapidly to $10K in 2022. In general, total exports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.3% 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 +49.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 100%. As a result, the exports reached the peak of $14K, and then contracted dramatically in the following year.
| Export of Non-Electric Pulley Tackle in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.1 | 4.8 | 9.2 | 8.8 | 2.8% |
| Cote d'Ivoire | 0.5 | 0.5 | 0.9 | 0.8 | 17.0% |
| Ghana | 0.4 | 0.2 | 0.5 | 0.5 | 7.7% |
| South Africa | N/A | N/A | N/A | 0.1 | 0% |
| Norway | N/A | N/A | N/A | 0.1 | 0% |
| Benin | 0.7 | N/A | N/A | N/A | 0% |
| Niger | N/A | N/A | N/A | N/A | 0% |
| France | N/A | N/A | 3.0 | N/A | 0% |
| Others | N/A | 1.3 | N/A | N/A | 0% |
| Total | 9.8 | 6.8 | 13.6 | 10.2 | 1.3% |
Top Export Markets for Non-Electric Pulley Tackle from Nigeria in 2022:
- United States (29.0 units)
- Cote d'Ivoire (3.0 units)
- Ghana (2.0 units)
- South Africa (1.0 units)
- Niger (1.0 units)
- Norway (1.0 units)
This report provides an in-depth analysis of the non-electric pulley tackle 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 28221170 - Pulley tackle and hoists, non-powered by electric motor (other than skip hoists or hoists of a kind used for raising vehicles)
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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