Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Nigeria - 2022
Contents:
- Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Nigeria (CIF) - 2022
- Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Nigeria (FOB) - 2022
- Imports of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Nigeria
- Exports of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Nigeria
Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Nigeria (CIF) - 2022
In 2022, the average import price for machinery; parts of machinery for making or finishing paper or paperboard amounted to $7,353 per ton, increasing by 35% against the previous year. In general, the import price showed a remarkable increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 133%. The import price peaked at $29,064 per ton in 2017; however, from 2018 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 Taiwan (Chinese) ($18,550 per ton), while the price for China ($4,499 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.8%), while the prices for the other major suppliers experienced a decline.
Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Nigeria (FOB) - 2022
In 2022, the average export price for machinery; parts of machinery for making or finishing paper or paperboard amounted to $2,173 per ton, picking up by 13% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 2,544%. The export price peaked at $9,976 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($2,687 per ton), while the average price for exports to Niger amounted to $1,753 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+25.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Nigeria
In 2022, purchases abroad of machinery; parts of machinery for making or finishing paper or paperboard decreased by -66.4% to 311 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 538% against the previous year. As a result, imports attained the peak of 1.7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of machinery; parts of machinery for making or finishing paper or paperboard declined sharply to $2.3M in 2022. In general, imports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 410%. As a result, imports reached the peak of $10M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 523 | 9,704 | 4,709 | 938 | 21.5% |
| Spain | N/A | N/A | N/A | 375 | 0% |
| Taiwan (Chinese) | 2.2 | 0.8 | 9.8 | 264 | 393.2% |
| United States | 5.6 | 27.8 | 47.3 | 217 | 238.4% |
| Kenya | N/A | N/A | N/A | 156 | 0% |
| Italy | 28.7 | 57.4 | 14.8 | 106 | 54.6% |
| Germany | 1,224 | 173 | 72.2 | 2.9 | -86.7% |
| Others | 257 | 439 | 165 | 224 | -4.5% |
| Total | 2,040 | 10,402 | 5,018 | 2,284 | 3.8% |
Top Suppliers of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard to Nigeria in 2022:
- China (208.6 tons)
- Spain (28.7 tons)
- United States (22.0 tons)
- Kenya (15.0 tons)
- Taiwan (Chinese) (14.2 tons)
- Italy (11.6 tons)
- Germany (0.2 tons)
Exports of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Nigeria
In 2022, overseas shipments of machinery; parts of machinery for making or finishing paper or paperboard decreased by -56.8% to 5.7 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, saw a notable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 165%. As a result, the exports reached the peak of 14 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of machinery; parts of machinery for making or finishing paper or paperboard contracted significantly to $12K in 2022. In general, exports faced a dramatic decline. The pace of growth was the most pronounced in 2021 with an increase of 38%.
| Export of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 0.7 | 3.8 | 5.9 | 8.8 | 132.5% |
| Germany | N/A | 1.1 | N/A | 1.6 | 20.6% |
| Cote d'Ivoire | 0.7 | 2.9 | 2.5 | 1.6 | 31.7% |
| Spain | N/A | 10.3 | N/A | N/A | 0% |
| Belgium | N/A | N/A | 14.5 | N/A | 0% |
| Italy | 3.4 | N/A | 2.3 | N/A | -17.8% |
| Others | 46.7 | 0.1 | N/A | 0.4 | -79.5% |
| Total | 51.4 | 18.3 | 25.2 | 12.3 | -37.9% |
Top Export Markets for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard from Nigeria in 2022:
- Niger (5.0 tons)
- Germany (0.6 tons)
- Cote d'Ivoire (0.1 tons)
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