Nigeria - Ships, Vessels, Ferry-Boats For The Transport Of Persons - Market Analysis, Forecast, Size, Trends and Insights
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View PricingShipping Price in Nigeria - 2022
Contents:
- Shipping Price in Nigeria (CIF) - 2022
- Shipping Price in Nigeria (FOB) - 2022
- Shipping Imports in Nigeria
- Shipping Exports in Nigeria
Shipping Price in Nigeria (CIF) - 2022
The average shipping import price stood at $70,779 per unit in 2022, reducing by -31% against the previous year. In general, the import price recorded a noticeable reduction. The pace of growth was the most pronounced in 2016 when the average import price increased by 70,600% against the previous year. As a result, import price attained the peak level of $125,924 per unit. From 2017 to 2022, the average import prices remained at a somewhat 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 ($6,495 per unit), while the price for the United States amounted to $1,930 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-7.4%), while the prices for the other major suppliers experienced a decline.
Shipping Price in Nigeria (FOB) - 2022
In 2015, the average shipping export price amounted to $114,762 per unit, reducing by -16.4% against the previous year. In general, export price indicated a buoyant expansion from 2013 to 2015: its price increased at an average annual rate of +18.5% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2015 figures, shipping export price increased by +40.5% against 2013 indices. The most prominent rate of growth was recorded in 2014 an increase of 68% against the previous year. As a result, the export price attained the peak level of $137,327 per unit, and then contracted markedly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2015, amid the top suppliers, the country with the highest price was Gabon ($120,398 per unit), while the average price for exports to Singapore ($23 per unit) was amongst the lowest.
From 2013 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to Gabon (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Shipping Imports in Nigeria
In 2022, shipping imports into Nigeria surged to 393 units, growing by 38% on the previous year. Overall, total imports indicated a modest increase from 2019 to 2022: its volume increased at an average annual rate of +1.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.7% against 2020 indices. Over the period under review, imports attained the maximum at 502 units in 2020; however, from 2021 to 2022, imports remained at a lower figure.
In value terms, shipping imports declined to $28M in 2022. Over the period under review, imports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2020 when imports increased by 29% against the previous year. As a result, imports attained the peak of $54M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Shipping in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 309 | 2,783 | 201 | 720 | 32.6% |
| United Kingdom | 504 | 10.0 | 12.5 | 128 | -36.7% |
| Others | 40,789 | 50,857 | 28,933 | 26,968 | -12.9% |
| Total | 41,602 | 53,650 | 29,146 | 27,816 | -12.6% |
Top Suppliers of Shipping to Nigeria in 2022:
- United States (373.0 units)
- United Kingdom (20.0 units)
Shipping Exports in Nigeria
In 2022, approx. 288 units of ships, vessels, ferry-boats for the transport of persons were exported from Nigeria; jumping by 36% on the previous year's figure. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,252%. As a result, the exports reached the peak of 365 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, shipping exports soared to $31M in 2022. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 620% against the previous year. As a result, the exports reached the peak of $43M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Shipping in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Gabon | 5.7 | 40.4 | 19.4 | 30.5 | 74.9% |
| Others | 0.2 | 2.2 | 0.5 | 0.7 | 51.8% |
| Total | 5.9 | 42.6 | 19.9 | 31.2 | 74.2% |
Top Export Markets for Shipping from Nigeria in 2022:
This report provides an in-depth analysis of the shipping market 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 30112130 - Cruise vessels
- Prodcom 30112150 - Ferries
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
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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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