Report Update: May 1, 2024

Nigeria - Transport Containers - Market Analysis, Forecast, Size, Trends And Insights

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Transport Container Price in Nigeria - 2022

Transport Container Price in Nigeria (CIF) - 2022

The average transport container import price stood at $2,178 per unit in 2022, increasing by 39% against the previous year. Overall, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 an increase of 588% against the previous year. The import price peaked at $4,332 per unit in 2018; however, from 2019 to 2022, 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 China ($8,600 per unit), while the price for the United States ($204 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+30.0%), while the prices for the other major suppliers experienced a decline.

Transport Container Price in Nigeria (FOB) - 2022

The average transport container export price stood at $1,012 per unit in 2022, falling by -6.1% against the previous year. In general, the export price saw a deep slump. The growth pace was the most rapid in 2015 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices reached the maximum at $3,176 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($6,768 per unit), while the average price for exports to Spain ($194 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 South Korea (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Transport Container Imports in Nigeria

In 2022, approx. 8.1K units of transport containers were imported into Nigeria; jumping by 101% on the previous year's figure. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 123% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, transport container imports skyrocketed to $18M in 2022. Overall, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Transport Container in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Norway	137	732	991	2,536	164.5%
China	4,483	5,496	1,185	2,106	-22.3%
Malaysia	511	2,192	345	1,977	57.0%
Hong Kong SAR	717	744	607	1,700	33.3%
Italy	704	205	145	1,337	23.8%
South Africa	207	387	107	1,282	83.6%
Antigua and Barbuda	284	321	286	875	45.5%
Singapore	51.3	339	253	646	132.7%
Togo	178	201	179	547	45.4%
United States	138	209	397	378	39.9%
Saudi Arabia	515	14.5	2.0	317	-14.9%
United Kingdom	837	300	90.7	149	-43.7%
Tanzania	N/A	9.0	N/A	N/A	0%
Others	5,152	3,516	1,712	3,818	-9.5%
Total	13,917	14,665	6,300	17,666	8.3%

Top Suppliers of Transport Container to Nigeria in 2022:

United States (1850.0 units)
Norway (1298.0 units)
Malaysia (1012.0 units)
Italy (665.0 units)
Hong Kong SAR (496.0 units)
Antigua and Barbuda (448.0 units)
Singapore (337.0 units)
Togo (281.0 units)
China (245.0 units)
South Africa (208.0 units)
Saudi Arabia (163.0 units)
United Kingdom (79.0 units)

Transport Container Exports in Nigeria

After three years of growth, overseas shipments of transport containers decreased by -28.2% to 216 units in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 181% against the previous year. As a result, the exports reached the peak of 301 units, and then declined markedly in the following year.

In value terms, transport container exports shrank rapidly to $219K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 186%. As a result, the exports attained the peak of $325K, and then contracted significantly in the following year.

Export of Transport Container in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Botswana	45.1	75.8	206	144	47.3%
United States	10.5	18.4	52.0	37.6	53.0%
Singapore	4.0	6.0	14.5	9.0	31.0%
South Korea	1.6	3.0	9.2	7.2	65.1%
South Africa	1.5	2.8	8.4	6.5	63.0%
Congo	0.9	2.9	7.3	4.7	73.5%
Others	6.1	4.6	26.8	10.3	19.1%
Total	69.7	113	325	219	46.5%

Top Export Markets for Transport Container from Nigeria in 2022:

Botswana (131.0 units)
United States (35.0 units)
Singapore (9.0 units)
South Korea (8.0 units)
South Africa (7.0 units)
Congo (5.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the transport container 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 29202100 - Containers specially designed and equipped for carriage by one or more modes of transport (including containers for transporting fluids)

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023