Nigeria - Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Ship Derrick Buckets and Shovels in Nigeria - 2022
Contents:
- Price for Ship Derrick Buckets and Shovels in Nigeria (CIF) - 2022
- Price for Ship Derrick Buckets and Shovels in Nigeria (FOB) - 2022
- Imports of Ship Derrick Buckets and Shovels in Nigeria
- Exports of Ship Derrick Buckets and Shovels in Nigeria
Price for Ship Derrick Buckets and Shovels in Nigeria (CIF) - 2022
In 2022, the average import price for buckets, shovels, grabs and grips for ships derricks and cranes amounted to $284 per unit, jumping by 67% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decline. The import price peaked at $388 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($1,170 per unit), while the price for China ($114 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ship Derrick Buckets and Shovels in Nigeria (FOB) - 2022
In 2022, the average export price for buckets, shovels, grabs and grips for ships derricks and cranes amounted to $247 per unit, increasing by 3.9% against the previous year. In general, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in 2019 an increase of 134%. Over the period under review, the average export prices hit record highs at $1,483 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($246 per unit), while the average price for exports to Germany stood at $226 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+9.0%).
Imports of Ship Derrick Buckets and Shovels in Nigeria
In 2022, supplies from abroad of buckets, shovels, grabs and grips for ships derricks and cranes decreased by -6.2% to 14K units, falling for the second year in a row after two years of growth. Overall, imports showed a significant curtailment. The pace of growth was the most pronounced in 2020 with an increase of 52%. As a result, imports reached the peak of 48K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, ship derrick buckets and shovels imports skyrocketed to $3.9M in 2022. Over the period under review, imports faced a deep downturn. Over the period under review, imports hit record highs at $5.5M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Ship Derrick Buckets and Shovels in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 32.1 | 6.1 | 6.0 | 791 | 191.0% |
| China | 3,241 | 3,064 | 561 | 536 | -45.1% |
| Turkey | 37.4 | 252 | 170 | 257 | 90.1% |
| Belgium | 245 | 145 | 17.1 | 201 | -6.4% |
| United States | 85.4 | 29.5 | 286 | 187 | 29.9% |
| India | 46.2 | 28.6 | 7.3 | 165 | 52.9% |
| Japan | 171 | 127 | 51.1 | 127 | -9.4% |
| Others | 1,679 | 1,746 | 1,411 | 1,664 | -0.3% |
| Total | 5,538 | 5,399 | 2,509 | 3,928 | -10.8% |
Top Suppliers of Ship Derrick Buckets and Shovels to Nigeria in 2022:
- China (4.7K units)
- Belgium (1.0K units)
- Japan (0.8K units)
- Turkey (0.7K units)
- United States (0.7K units)
- United Kingdom (0.7K units)
- India (0.6K units)
Exports of Ship Derrick Buckets and Shovels in Nigeria
In 2022, overseas shipments of buckets, shovels, grabs and grips for ships derricks and cranes decreased by -27.3% to 16 units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 500% against the previous year. Over the period under review, the exports attained the peak figure at 22 units in 2021, and then declined dramatically in the following year.
In value terms, ship derrick buckets and shovels exports declined dramatically to $4K in 2022. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 451% against the previous year. Over the period under review, the exports attained the peak figure at $5.2K in 2021, and then dropped remarkably in the following year.
| Export of Ship Derrick Buckets and Shovels in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.5 | 2.5 | 5.0 | 3.4 | 89.5% |
| Others | N/A | 0.2 | 0.3 | 0.6 | 73.2% |
| Total | 0.5 | 2.7 | 5.2 | 4.0 | 100.0% |
Top Export Markets for Ship Derrick Buckets and Shovels from Nigeria in 2022:
- Germany (15.0 units)
This report provides an in-depth analysis of the market for ship derrick buckets and shovels 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 28222000 - Buckets, shovels, grabs and grips for ships
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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