Nigeria - Electric Locomotives - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Nigeria: Electric Locomotive Market Overview 2020
Electric Locomotive Market Size in Nigeria
The revenue of the electric locomotive market in Nigeria amounted to $X in 2018, going up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. Electric locomotive consumption peaked in 2018 and is likely to see steady growth in the immediate term.
Electric Locomotive Production in Nigeria
In value terms, electric locomotive production stood at $X in 2018 estimated in export prices. Over the period under review, electric locomotive production continues to indicate a relatively flat trend pattern. Electric locomotive production peaked at $X in 2010; however, from 2011 to 2018, production remained at a lower figure.
Electric Locomotive Imports
Imports into Nigeria
In 2018, the electric locomotive imports into Nigeria stood at X units, going down by -X% against the previous year. Over the period under review, electric locomotive imports continue to indicate a drastic descent. Over the period under review, electric locomotive imports attained their maximum at X units in 2007; however, from 2008 to 2018, imports remained at a lower figure.
In value terms, electric locomotive imports stood at $X in 2018. Over the period under review, electric locomotive imports continue to indicate a dramatic setback. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. In that year, electric locomotive imports attained their peak of $X. From 2009 to 2018, the growth of electric locomotive imports failed to regain its momentum.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the electric locomotive 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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