Nigeria - Poultry-Keeping Machinery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPoultry-Keeping Machinery Price in Nigeria - 2022
Contents:
- Poultry-Keeping Machinery Price in Nigeria (CIF) - 2022
- Poultry-Keeping Machinery Price in Nigeria (FOB) - 2022
- Poultry-Keeping Machinery Imports in Nigeria
- Poultry-Keeping Machinery Exports in Nigeria
Poultry-Keeping Machinery Price in Nigeria (CIF) - 2022
In June 2022, the average poultry-keeping machinery import price amounted to $662 per unit, reducing by -3.6% against the previous month. In general, import price indicated perceptible growth from June 2021 to June 2022: its price increased at an average monthly rate of +3.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, poultry-keeping machinery import price decreased by -7.8% against April 2022 indices. The growth pace was the most rapid in April 2022 when the average import price increased by 93% month-to-month. Over the period under review, average import prices hit record highs at $730 per unit in November 2021; however, from December 2021 to June 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2022, the country with the highest price was Malaysia ($690 per unit), while the price for China amounted to $631 per unit.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by Italy (+41.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Poultry-Keeping Machinery Price in Nigeria (FOB) - 2022
The average poultry-keeping machinery export price stood at $65 per unit in 2022, with a decrease of -7.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 459%. As a result, the export price reached the peak level of $372 per unit. From 2014 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to +134.9% per year.
Poultry-Keeping Machinery Imports in Nigeria
Poultry-keeping machinery imports into Nigeria dropped significantly to 9.1K units in 2022, reducing by -58.6% on 2021 figures. In general, imports faced a dramatic decline. The smallest decline of -24.1% was in 2020. Over the period under review, imports attained the peak figure at 55K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, poultry-keeping machinery imports reduced notably to $3.1M in 2022. Overall, imports recorded a sharp shrinkage. The smallest decline of -21.9% was in 2020. Over the period under review, imports reached the peak figure at $21M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Poultry-Keeping Machinery in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 6.3 | 8.1 | 3.7 | 1.3 | -40.9% |
Malaysia | 2.0 | 2.0 | 0.6 | 0.7 | -29.5% |
India | 2.1 | 2.1 | 1.0 | 0.2 | -54.3% |
Lebanon | 0.4 | 0.4 | 0.4 | 0.2 | -20.6% |
Israel | 0.2 | 0.2 | 0.3 | 0.1 | -20.6% |
Germany | 3.2 | 0.4 | 1.2 | 0.1 | -68.5% |
Japan | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
Others | 6.6 | 3.0 | 2.6 | 0.5 | -57.7% |
Total | 20.8 | 16.3 | 9.9 | 3.1 | -47.0% |
Top Suppliers of Poultry-Keeping Machinery to Nigeria in 2022:
- China (3.6K units)
- Malaysia (1.7K units)
- Lebanon (1.0K units)
- India (0.7K units)
- Israel (0.2K units)
- Japan (0.1K units)
- Germany (0.1K units)
Poultry-Keeping Machinery Exports in Nigeria
In 2022, shipments abroad of poultry-keeping machinery decreased by -6.2% to 30 units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 125% against the previous year. The exports peaked at 32 units in 2021, and then declined in the following year.
In value terms, poultry-keeping machinery exports reduced to $1.9K in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.9% 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 +36.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. As a result, the exports reached the peak of $2.3K, and then dropped in the following year.
Export of Poultry-Keeping Machinery in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Niger | 1.4 | N/A | 2.3 | 1.9 | 10.7% |
Benin | N/A | 1.3 | N/A | N/A | 0% |
Others | N/A | 0.3 | N/A | N/A | 0% |
Total | 1.4 | 1.6 | 2.3 | 1.9 | 10.7% |
Top Export Markets for Poultry-Keeping Machinery from Nigeria in 2022:
- Niger (30.0 units)
This report provides an in-depth analysis of the poultry-keeping machinery 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 28308500 - Poultry-keeping machinery (excluding poultry incubators and brooders)
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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