Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Nigeria - 2022
Contents:
- Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Nigeria (CIF) - 2022
- Imports of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Nigeria
Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Nigeria (CIF) - 2022
In June 2022, the average import price for electric generators amounted to $54,556 per unit, approximately equating the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 an increase of 83% month-to-month. As a result, import price attained the peak level of $99,613 per unit; afterwards, it flattened through to June 2022.
Average prices varied noticeably amongst the major supplying countries. In June 2022, the countries with the highest prices were China ($54,570 per unit) and the Czech Republic ($54,540 per unit), while the price for the UK ($54,465 per unit) and France ($54,539 per unit) were amongst the lowest.
From February 2022 to June 2022, the most notable rate of growth in terms of prices was attained by China (+0.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Nigeria
In 2022, overseas purchases of electric generators were finally on the rise to reach 84 units for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of electric generators soared to $3.6M in 2022. The total import value increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 19%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.6 | 277 | 147 | 1,901 | 959.1% |
| France | 173 | 174 | 101 | 451 | 37.6% |
| China | 1,454 | 1,407 | 156 | 432 | -33.3% |
| Czech Republic | 52.6 | 113 | 129 | 382 | 93.7% |
| Germany | 77.3 | 1.8 | 71.9 | 272 | 52.1% |
| Italy | 63.3 | 3.8 | 32.9 | 112 | 20.9% |
| United States | 1.7 | 17.5 | 888 | 70.9 | 246.8% |
| United Kingdom | 1,236 | 620 | 94.3 | 20.9 | -74.3% |
| United Arab Emirates | 51.7 | 31.8 | 980 | N/A | 335.4% |
| Others | 55.4 | 12.6 | 553 | 2.5 | -64.4% |
| Total | 3,167 | 2,658 | 3,152 | 3,645 | 4.8% |
Top Suppliers of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA to Nigeria in 2022:
- India (42.0 units)
- France (10.0 units)
- China (10.0 units)
- Czech Republic (8.0 units)
- Germany (6.0 units)
- United States (2.0 units)
- Italy (2.0 units)
- United Kingdom (1.0 units)
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