Price for Winches and Capstans; Not Powered by an Electric Motor in Nigeria - 2022
Contents:
- Price for Winches and Capstans; Not Powered by an Electric Motor in Nigeria (CIF) - 2022
- Price for Winches and Capstans; Not Powered by an Electric Motor in Nigeria (FOB) - 2022
- Imports of Winches and Capstans; Not Powered by an Electric Motor in Nigeria
- Exports of Winches and Capstans; Not Powered by an Electric Motor in Nigeria
Price for Winches and Capstans; Not Powered by an Electric Motor in Nigeria (CIF) - 2022
In 2022, the average import price for winches and capstans; not powered by an electric motors amounted to $951 per unit, surging by 40% against the previous year. In general, the import price saw moderate growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 74%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($3,153 per unit), while the price for the Netherlands ($55 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+32.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winches and Capstans; Not Powered by an Electric Motor in Nigeria (FOB) - 2022
The average export price for winches and capstans; not powered by an electric motors stood at $236 per unit in 2022, reducing by -46.5% against the previous year. Overall, the export price faced a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 393% against the previous year. The export price peaked at $1,906 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1,303 per unit), while the average price for exports to Israel ($1 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 the Netherlands (+3.8%), while the prices for the other major destinations experienced a decline.
Imports of Winches and Capstans; Not Powered by an Electric Motor in Nigeria
In 2022, imports of winches and capstans; not powered by an electric motors into Nigeria reduced remarkably to 1.1K units, with a decrease of -55.7% against the previous year's figure. Overall, imports faced a sharp descent. The smallest decline of -42.3% was in 2020. Imports peaked at 20K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of winches and capstans; not powered by an electric motors reduced sharply to $1M in 2022. Over the period under review, imports saw a sharp decline. The smallest decline of -19.4% was in 2020. Imports peaked at $10M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Winches and Capstans; Not Powered by an Electric Motor in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4,143 | 966 | 20.8 | 646 | -46.2% |
| China | 744 | 686 | 186 | 216 | -33.8% |
| Norway | 126 | 61.8 | 19.5 | 69.4 | -18.0% |
| Lebanon | 4.5 | 14.5 | 1.2 | 29.2 | 86.5% |
| Netherlands | 145 | 2.3 | 4.3 | 8.3 | -61.5% |
| United Kingdom | 3,745 | 354 | 29.1 | 2.7 | -91.0% |
| Italy | 287 | 2,012 | 186 | 1.8 | -81.6% |
| India | 234 | 28.6 | 30.0 | N/A | -64.2% |
| Poland | 170 | 3,107 | 977 | N/A | 139.7% |
| Others | 719 | 1,084 | 198 | 49.0 | -59.2% |
| Total | 10,317 | 8,316 | 1,652 | 1,023 | -53.7% |
Top Suppliers of Winches and Capstans; Not Powered by an Electric Motor to Nigeria in 2022:
- United States (551.0 units)
- China (219.0 units)
- Netherlands (152.0 units)
- Lebanon (82.0 units)
- Norway (22.0 units)
- United Kingdom (9.0 units)
- Italy (1.0 units)
Exports of Winches and Capstans; Not Powered by an Electric Motor in Nigeria
Exports of winches and capstans; not powered by an electric motors from Nigeria contracted dramatically to 20 units in 2022, shrinking by -98.4% on the previous year. Overall, exports continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2021 when exports increased by 14,011%. Over the period under review, the exports of hit record highs at 3.4K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of winches and capstans; not powered by an electric motors declined significantly to $4.7K in 2022. In general, exports continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 33,312%. The exports peaked at $3.3M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Winches and Capstans; Not Powered by an Electric Motor in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 228 | 1.3 | 412 | 3.4 | -75.4% |
| Netherlands | 3,102 | 0.4 | 132 | 1.3 | -92.5% |
| Cote d'Ivoire | 0.9 | N/A | N/A | N/A | 0% |
| Uganda | 0.7 | N/A | N/A | N/A | 0% |
| Gabon | 0.6 | N/A | N/A | N/A | 0% |
| Congo | 2.5 | N/A | N/A | N/A | 0% |
| Angola | N/A | N/A | N/A | N/A | 0% |
| Israel | N/A | N/A | N/A | N/A | 0% |
| Others | 0.2 | N/A | 15.4 | N/A | 777.5% |
| Total | 3,335 | 1.7 | 560 | 4.7 | -88.8% |
Top Export Markets for Winches and Capstans; Not Powered by an Electric Motor from Nigeria in 2022:
- United Kingdom (13.0 units)
- Israel (1.0 units)
- Netherlands (1.0 units)
- Angola (1.0 units)
- Congo (1.0 units)
- Gabon (1.0 units)
- Uganda (1.0 units)
- Cote d'Ivoire (1.0 units)
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