Nigeria - Wheeled Loaders, Crawler Shovel Loaders, Front-End Loaders - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWheeled Loader Price in Nigeria - 2022
Contents:
- Wheeled Loader Price in Nigeria (CIF) - 2022
- Wheeled Loader Price in Nigeria (FOB) - 2022
- Wheeled Loader Imports in Nigeria
- Wheeled Loader Exports in Nigeria
Wheeled Loader Price in Nigeria (CIF) - 2022
The average wheeled loader import price stood at $60,401 per unit in June 2022, remaining relatively unchanged against the previous month. In general, import price indicated a mild expansion from June 2021 to June 2022: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, wheeled loader import price decreased by +0.0% against May 2022 indices. The pace of growth appeared the most rapid in February 2022 an increase of 52% m-o-m. The import price peaked at $60,401 per unit in March 2022; afterwards, it flattened through to June 2022.
Average prices varied noticeably amongst the major supplying countries. In June 2022, the countries with the highest prices were Belgium ($60,408 per unit) and the United States ($60,403 per unit), while the price for Italy ($60,399 per unit) and China ($60,400 per unit) were amongst the lowest.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Wheeled Loader Price in Nigeria (FOB) - 2022
The average wheeled loader export price stood at $23,961 per unit in 2022, shrinking by -28.5% against the previous year. Over the period under review, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2016 when the average export price increased by 241%. The export price peaked at $65,574 per unit in 2019; however, from 2020 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 Ghana.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +3,078.2% per year.
Wheeled Loader Imports in Nigeria
In 2022, approx. 657 units of wheeled loaders, crawler shovel loaders, front-end loaders were imported into Nigeria; with an increase of 24% against 2021. The total import volume increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 34%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, wheeled loader imports skyrocketed to $50M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Wheeled Loader in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.0 | 22.7 | 17.4 | 26.7 | 21.2% |
| Germany | 1.2 | 0.7 | 3.8 | 4.6 | 56.5% |
| United States | 2.8 | 4.5 | 2.1 | 4.2 | 14.5% |
| Brazil | 0.3 | 1.6 | 2.6 | 3.1 | 117.8% |
| India | 1.2 | 1.9 | 2.1 | 2.8 | 32.6% |
| Sweden | 0.3 | 0.6 | 1.3 | 1.7 | 78.3% |
| Belgium | 2.9 | 0.9 | 0.4 | 0.5 | -44.3% |
| Saudi Arabia | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Others | 4.6 | 4.7 | 5.6 | 6.0 | 9.3% |
| Total | 28.4 | 37.8 | 35.5 | 49.9 | 20.7% |
Top Suppliers of Wheeled Loader to Nigeria in 2022:
- China (343.0 units)
- United States (75.0 units)
- Brazil (50.0 units)
- Germany (39.0 units)
- India (23.0 units)
- Saudi Arabia (18.0 units)
- Sweden (14.0 units)
- Belgium (11.0 units)
Wheeled Loader Exports in Nigeria
In 2022, overseas shipments of wheeled loaders, crawler shovel loaders, front-end loaders decreased by 0% to 1 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports faced a precipitous decline. The smallest decline of -75% was in 2020. The exports peaked at 4 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, wheeled loader exports contracted dramatically to $24K in 2022. Over the period under review, exports recorded a sharp setback. The pace of growth appeared the most rapid in 2021 when exports increased by 133% against the previous year. Over the period under review, the exports attained the peak figure at $262K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Wheeled Loader in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 262 | 13.2 | 33.5 | 18.8 | -58.4% |
| Greece | N/A | 1.2 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 5.2 | 0% |
| Total | 262 | 14.4 | 33.5 | 24.0 | -54.9% |
Top Export Markets for Wheeled Loader from Nigeria in 2022:
- Ghana (1.0 units)
This report provides an in-depth analysis of the wheeled loader 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 28922550 - Wheeled loaders, crawler shovel loaders, front-end loaders
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- 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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