Price for Trade, Exhibition, Library, Personnel and Other Specialized Trailer and Semi-Trailer in Nigeria - 2022

Contents:

  1. Price for Trade, Exhibition, Library, Personnel and Other Specialized Trailer and Semi-Trailer in Nigeria (CIF) - 2022
  2. Imports of Trade, Exhibition, Library, Personnel and Other Specialized Trailer and Semi-Trailer in Nigeria

Price for Trade, Exhibition, Library, Personnel and Other Specialized Trailer and Semi-Trailer in Nigeria (CIF) - 2022

The average import price for trade, exhibition, library, personnel and other specialized trailers and semi-trailers stood at $40,201 per unit in 2022, surging by 83% against the previous year. In general, the import price recorded strong growth. The most prominent rate of growth was recorded in 2014 an increase of 154% against the previous year. As a result, import price reached the peak level of $42,058 per unit. From 2015 to 2022, the average 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 Germany ($231,892 per unit), while the price for China ($15,819 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 (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Trade, Exhibition, Library, Personnel and Other Specialized Trailer and Semi-Trailer in Nigeria

In 2022, overseas purchases of trade, exhibition, library, personnel and other specialized trailers and semi-trailers decreased by -25% to 81 units, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2020 with an increase of 64%. As a result, imports reached the peak of 286 units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of trade, exhibition, library, personnel and other specialized trailers and semi-trailers soared to $3.3M in 2022. In general, imports saw a deep setback. Imports peaked at $4.2M in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Import of Trade, Exhibition, Library, Personnel and Other Specialized Trailer and Semi-Trailer in Nigeria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China9.74.016.420.227.7%
Others-5.60.2-14.0-16.944.5%
Total4.04.22.43.3-6.2%

Top Suppliers of Trade, Exhibition, Library, Personnel and Other Specialized Trailer and Semi-Trailer to Nigeria in 2022:

  1. China (1.3K units)

Source: IndexBox Market Intelligence Platform

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