Nigeria - Tower Cranes And Portal Or Pedestal Jib Cranes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Tower and Portal Cranes in Nigeria - 2023
Contents:
- Price for Tower and Portal Cranes in Nigeria (CIF) - 2022
- Price for Tower and Portal Cranes in Nigeria (FOB) - 2023
- Imports of Tower and Portal Cranes in Nigeria
- Exports of Tower and Portal Cranes in Nigeria
Price for Tower and Portal Cranes in Nigeria (CIF) - 2022
The average tower and portal cranes import price stood at $104,077 per unit in 2022, reducing by -29.4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 79% against the previous year. As a result, import price attained the peak level of $200,154 per unit. From 2021 to 2022, the average import prices failed to regain momentum.
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 United States ($319,377 per unit), while the price for India ($69,923 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tower and Portal Cranes in Nigeria (FOB) - 2023
The average tower and portal cranes export price stood at $94,531 per unit in June 2023, remaining relatively unchanged against the previous month. In general, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Russia.
From May 2023 to June 2023, the rate of growth in terms of prices for Russia amounted to 0.0% per month.
Imports of Tower and Portal Cranes in Nigeria
In 2022, overseas purchases of tower cranes and portal or pedestal jib cranes were finally on the rise to reach 75 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a sharp contraction. Over the period under review, imports reached the maximum at 201 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, tower and portal cranes imports surged to $7.8M in 2022. Overall, imports, however, showed a dramatic curtailment. Over the period under review, imports reached the peak figure at $22M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Tower and Portal Cranes in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.7 | 0.2 | 0.2 | 2.4 | -49.6% |
| Turkey | N/A | 1.4 | N/A | 1.4 | 0.0% |
| Lebanon | 0.2 | N/A | N/A | 1.0 | 71.0% |
| Spain | 0.1 | 0.3 | 0.1 | 0.7 | 91.3% |
| United Arab Emirates | N/A | N/A | N/A | 0.6 | 0% |
| United States | 0.6 | 1.9 | 0.3 | 0.6 | 0.0% |
| Italy | 0.2 | 1.2 | N/A | 0.4 | 26.0% |
| Germany | 0.5 | N/A | 3.1 | 0.3 | -15.7% |
| Belgium | N/A | N/A | N/A | 0.3 | 0% |
| India | N/A | 0.7 | 0.4 | 0.1 | -62.2% |
| Others | 2.1 | 0.9 | 0.2 | N/A | -69.1% |
| Total | 22.4 | 6.6 | 4.3 | 7.8 | -29.6% |
Top Suppliers of Tower and Portal Cranes to Nigeria in 2022:
- China (23.0 units)
- Turkey (14.0 units)
- Lebanon (10.0 units)
- Spain (8.0 units)
- United Arab Emirates (6.0 units)
- Italy (4.0 units)
- Germany (3.0 units)
- Belgium (3.0 units)
- United States (2.0 units)
- India (1.0 units)
Exports of Tower and Portal Cranes in Nigeria
In 2020, approx. 2 units of tower cranes and portal or pedestal jib cranes were exported from Nigeria; therefore, remained relatively stable against 2019. Over the period under review, exports showed a relatively flat trend pattern. The exports peaked in 2020 and are likely to continue growth in the near future.
In value terms, tower and portal cranes exports reduced notably to $255K in 2020. Overall, exports recorded a abrupt decline. The exports peaked at $309K in 2019, and then reduced remarkably in the following year.
| Export of Tower and Portal Cranes in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Benin | N/A | 255 | 0% | ||
| Niger | 1.8 | N/A | 0% | ||
| United Arab Emirates | 307 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 309 | 255 | -17.5% | ||
Top Export Markets for Tower and Portal Cranes from Nigeria in 2022:
- Benin (2.0 units)
This report provides an in-depth analysis of the market for tower and portal cranes 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 28221440 - Tower cranes and portal or pedestal jib cranes
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.
-
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
-
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
-
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
-
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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