Nigeria - Pedestrian-Controlled Tractors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPedestrian-Controlled Tractor Price in Nigeria - 2022
Contents:
- Pedestrian-Controlled Tractor Price in Nigeria (CIF) - 2022
- Pedestrian-Controlled Tractor Price in Nigeria (FOB) - 2022
- Pedestrian-Controlled Tractor Imports in Nigeria
- Pedestrian-Controlled Tractor Exports in Nigeria
Pedestrian-Controlled Tractor Price in Nigeria (CIF) - 2022
The average pedestrian-controlled tractor import price stood at $2,199 per unit in 2022, picking up by 15% against the previous year. Overall, the import price enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 an increase of 318%. Over the period under review, average import prices hit record highs at $4,108 per unit in 2015; however, from 2016 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 China ($1,660 per unit), while the price for Cyprus ($476 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the prices for the other major suppliers experienced a decline.
Pedestrian-Controlled Tractor Price in Nigeria (FOB) - 2022
The average pedestrian-controlled tractor export price stood at $1,501 per unit in 2022, falling by -21.5% against the previous year. Over the period under review, the export price continues to indicate a mild contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by 58%. As a result, the export price attained the peak level of $3,619 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($3,075 per unit), while the average price for exports to the United States amounted to $1,399 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+6.2%).
Pedestrian-Controlled Tractor Imports in Nigeria
In 2022, pedestrian-controlled tractor imports into Nigeria reached 3K units, approximately equating the year before. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 389%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, pedestrian-controlled tractor imports surged to $6.7M in 2022. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 348%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Pedestrian-Controlled Tractor in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 172 | 708 | 4,444 | 3,710 | 178.4% |
| United States | 419 | 32.6 | 162 | 1,816 | 63.0% |
| Cyprus | 61.5 | 31.8 | 42.2 | 96.1 | 16.0% |
| Others | 1,018 | 507 | 1,077 | 1,039 | 0.7% |
| Total | 1,671 | 1,279 | 5,724 | 6,661 | 58.6% |
Top Suppliers of Pedestrian-Controlled Tractor to Nigeria in 2022:
- China (2.2K units)
- United States (1.9K units)
- Cyprus (0.2K units)
Pedestrian-Controlled Tractor Exports in Nigeria
In 2022, overseas shipments of pedestrian-controlled tractors increased by 25% to 5 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a abrupt setback. The exports peaked at 8 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, pedestrian-controlled tractor exports reduced to $7.5K in 2022. In general, exports, however, recorded a significant contraction. The pace of growth was the most pronounced in 2021 with an increase of 3.8% against the previous year. The exports peaked at $15K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Pedestrian-Controlled Tractor in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.2 | 6.4 | 6.5 | 6.6 | -20.6% |
| Niger | N/A | N/A | 0.2 | N/A | 0% |
| Others | 1.5 | 1.0 | 0.9 | 0.9 | -15.7% |
| Total | 14.6 | 7.4 | 7.6 | 7.5 | -19.9% |
Top Export Markets for Pedestrian-Controlled Tractor from Nigeria in 2022:
- United States (5.0 units)
This report provides an in-depth analysis of the pedestrian-controlled tractor 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 28301000 - Pedestrian-controlled tractors
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
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