Price for Floating or Submersible Drilling or Production Platforms in Nigeria - 2022
Contents:
- Price for Floating or Submersible Drilling or Production Platforms in Nigeria (FOB) - 2022
- Price for Floating or Submersible Drilling or Production Platforms in Nigeria (CIF) - 2022
- Exports of Floating or Submersible Drilling or Production Platforms in Nigeria
- Imports of Floating or Submersible Drilling or Production Platforms in Nigeria
Price for Floating or Submersible Drilling or Production Platforms in Nigeria (FOB) - 2022
In 2022, the average export price for floating or submersible drilling or production platformses amounted to $140,614,031 per unit, rising by 236% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($432,694,923 per unit), while the average price for exports to Congo ($1,781,986 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 Namibia (+601.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Floating or Submersible Drilling or Production Platforms in Nigeria (CIF) - 2022
The average import price for floating or submersible drilling or production platformses stood at $148,174 per unit in 2022, rising by 527% against the previous year. In general, the import price saw a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of 214,726% against the previous year. Over the period under review, average import prices reached the peak figure at $18,768,341 per unit in 2014; however, from 2015 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 China ($284,982 per unit), while the price for the Netherlands ($2,786 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+198.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Floating or Submersible Drilling or Production Platforms in Nigeria
In 2022, approx. 4 units of floating or submersible drilling or production platformses were exported from Nigeria; waning by -85.7% on 2021 figures. In general, exports saw a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 133% against the previous year. As a result, the exports reached the peak of 28 units, and then shrank rapidly in the following year.
In value terms, exports of floating or submersible drilling or production platformses reduced markedly to $562M in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 285%. As a result, the exports attained the peak of $1.2B, and then contracted remarkably in the following year.
| Export of Floating or Submersible Drilling or Production Platforms in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | N/A | N/A | 617 | 433 | -29.8% |
| Equatorial Guinea | 31.6 | 58.1 | 102 | 116 | 54.3% |
| Ghana | 315 | 92.5 | 58.0 | 11.8 | -66.5% |
| Congo | 12.9 | 5.2 | 4.6 | 1.8 | -48.1% |
| Benin | 1.6 | 0.6 | 0.1 | N/A | -75.0% |
| Cameroon | 176 | 139 | 373 | N/A | 45.6% |
| China | N/A | N/A | N/A | N/A | 0% |
| United States | 1.4 | 0.8 | 1.0 | N/A | -15.5% |
| France | 5.1 | 4.2 | 7.2 | N/A | 18.8% |
| Indonesia | 4.4 | 3.6 | 6.2 | N/A | 18.7% |
| United Arab Emirates | 1.9 | N/A | N/A | N/A | 0% |
| Liberia | 0.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 550 | 304 | 1,170 | 562 | 0.7% |
Top Export Markets for Floating or Submersible Drilling or Production Platforms from Nigeria in 2022:
- Ghana (1.0 units)
- Congo (1.0 units)
- Namibia (1.0 units)
- Equatorial Guinea (1.0 units)
Imports of Floating or Submersible Drilling or Production Platforms in Nigeria
In 2022, the amount of floating or submersible drilling or production platformses imported into Nigeria fell remarkably to 3 units, declining by -75% against 2021 figures. In general, imports showed a dramatic decline. The growth pace was the most rapid in 2021 when imports increased by 9.1% against the previous year. Over the period under review, imports of reached the peak figure at 13 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of floating or submersible drilling or production platformses surged to $445K in 2022. Overall, imports faced a sharp slump. Imports peaked at $17M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Floating or Submersible Drilling or Production Platforms in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.2 | N/A | N/A | 285 | 307.9% |
| United States | 63.6 | 1.1 | 0.1 | 157 | 35.1% |
| Netherlands | 1.8 | 0.1 | N/A | 2.8 | 15.9% |
| South Korea | 16,897 | 2,533 | 278 | N/A | -87.2% |
| Belgium | N/A | N/A | N/A | N/A | 0% |
| Germany | 0.2 | N/A | N/A | N/A | 0% |
| Congo | 38.5 | 5.4 | 0.6 | N/A | -87.5% |
| Austria | 0.2 | N/A | N/A | N/A | 0% |
| United Kingdom | 1.0 | 0.2 | N/A | N/A | -80.0% |
| France | N/A | N/A | N/A | N/A | 0% |
| India | 0.2 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 0.1 | N/A | N/A | N/A | 0% |
| Italy | 270 | 43.7 | 5.2 | N/A | -86.1% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 17,277 | 2,584 | 283 | 445 | -70.5% |
Top Suppliers of Floating or Submersible Drilling or Production Platforms to Nigeria in 2022:
- United States (1.0 units)
- Netherlands (1.0 units)
- China (1.0 units)
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