Price for Winches and Capstans; Powered by an Electric Motor in Nigeria - 2022
Contents:
- Price for Winches and Capstans; Powered by an Electric Motor in Nigeria (CIF) - 2022
- Price for Winches and Capstans; Powered by an Electric Motor in Nigeria (FOB) - 2022
- Imports of Winches and Capstans; Powered by an Electric Motor in Nigeria
- Exports of Winches and Capstans; Powered by an Electric Motor in Nigeria
Price for Winches and Capstans; Powered by an Electric Motor in Nigeria (CIF) - 2022
In 2022, the average import price for winches and capstans; powered by an electric motors amounted to $1,284 per unit, with an increase of 29% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for winches and capstans; powered by an electric motors increased by +74.0% against 2017 indices. The pace of growth appeared the most rapid in 2014 an increase of 77% against the previous year. As a result, import price attained the peak level of $1,678 per unit. From 2015 to 2022, the average 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 France ($3,535 per unit), while the price for the UK ($207 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winches and Capstans; Powered by an Electric Motor in Nigeria (FOB) - 2022
The average export price for winches and capstans; powered by an electric motors stood at $191 per unit in 2022, with an increase of 391% against the previous year. Overall, the export price, however, faced a precipitous setback. Over the period under review, the average export prices hit record highs at $32,137 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.
From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +5.8% per year.
Imports of Winches and Capstans; Powered by an Electric Motor in Nigeria
In 2022, purchases abroad of winches and capstans; powered by an electric motors decreased by -68.1% to 984 units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of 215% against the previous year. As a result, imports attained the peak of 12K units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of winches and capstans; powered by an electric motors declined dramatically to $1.3M in 2022. Overall, imports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2020 with an increase of 262%. As a result, imports attained the peak of $11M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Winches and Capstans; Powered by an Electric Motor in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,441 | 10,368 | 2,444 | 523 | -28.7% |
| India | 344 | 38.7 | 1.0 | 468 | 10.8% |
| Germany | 230 | 206 | 16.0 | 195 | -5.4% |
| United States | 515 | 133 | 131 | 40.5 | -57.2% |
| United Kingdom | 185 | 174 | 0.2 | 1.4 | -80.4% |
| Hong Kong SAR | 164 | 148 | 117 | N/A | -15.5% |
| Others | 243 | 247 | 366 | 34.7 | -47.7% |
| Total | 3,123 | 11,314 | 3,075 | 1,264 | -26.0% |
Top Suppliers of Winches and Capstans; Powered by an Electric Motor to Nigeria in 2022:
- China (460.0 units)
- Germany (244.0 units)
- India (210.0 units)
- United States (50.0 units)
- United Kingdom (7.0 units)
Exports of Winches and Capstans; Powered by an Electric Motor in Nigeria
In 2022, shipments abroad of winches and capstans; powered by an electric motors was finally on the rise to reach 1.2K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of winches and capstans; powered by an electric motors surged to $229K in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Winches and Capstans; Powered by an Electric Motor in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | N/A | N/A | 0.1 | 229 | 228900.0% |
| Others | 0.6 | 0.1 | N/A | 0.4 | -12.6% |
| Total | 0.6 | 0.1 | 0.1 | 229 | 625.4% |
Top Export Markets for Winches and Capstans; Powered by an Electric Motor from Nigeria in 2022:
- Cote d'Ivoire (1195.0 units)
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