Report Update Apr 1, 2024

Nigeria - Railway or Tramway Goods Vans and Wagons (Not Self-Propelled) - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Railway Goods Wagon Market 2024

Railway Goods Wagon Market Size in Nigeria

The Nigerien railway goods wagon market amounted to $X in 2022, growing by X% against the previous year. In general, consumption posted a buoyant increase. Railway goods wagon consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Railway Goods Wagon Production in Nigeria

In value terms, railway goods wagon production expanded modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a strong increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Railway Goods Wagon Exports

Exports from Nigeria

For the third year in a row, Nigeria recorded decline in overseas shipments of railway or tramway goods vans and wagons (not self-propelled), which decreased by X% to X units in 2015. In general, exports saw a sharp curtailment. The smallest decline of X% was in 2013. The exports peaked at X units in 2012; however, from 2013 to 2015, the exports failed to regain momentum.

In value terms, railway goods wagon exports amounted to $X in 2015. Overall, exports saw a sharp setback. The smallest decline of X% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2015, the exports remained at a lower figure.

Exports by Country

The United States (X units), the Netherlands (X units) and the UK (X units) were the main destinations of railway goods wagon exports from Nigeria.

From 2012 to 2015, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for railway goods wagon exported from Nigeria were the United States ($X), the Netherlands ($X) and the UK ($X).

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2015, the average railway goods wagon export price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the export price faced a dramatic setback. The most prominent rate of growth was recorded in 2013 when the average export price decreased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2015, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Railway Goods Wagon Imports

Imports into Nigeria

Railway goods wagon imports into Nigeria dropped remarkably to X units in 2022, falling by X% on the previous year's figure. Overall, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, railway goods wagon imports reduced dramatically to $X in 2022. Over the period under review, imports recorded a sharp setback. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units) and China (X units) were the main suppliers of railway goods wagon imports to Nigeria. Moreover, railway goods wagon imports in Italy exceeded the figures recorded by the second-largest supplier, China, twofold.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%).

In value terms, Italy ($X) constituted the largest supplier of railway or tramway goods vans and wagons (not self-propelled) to Nigeria, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Italy was relatively modest.

Import Prices by Country

In 2022, the average railway goods wagon import price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price, however, posted a resilient increase. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices stood 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 Italy ($X per unit), while the price for China totaled $X per unit.

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

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Frequently Asked Questions (FAQ) :

What are the largest markets for railway or tramway goods vans and wagons (not self-propelled) in the world?

Brazil remains the largest railway goods wagon consuming country worldwide, accounting for 96% of total volume.

What are the largest producers of railway or tramway goods vans and wagons (not self-propelled) in the world?

Brazil constituted the country with the largest volume of railway goods wagon production, accounting for 96% of total volume.

What are the leading suppliers of railway or tramway goods vans and wagons (not self-propelled) to Nigeria?

In value terms, Italy constituted the largest supplier of railway or tramway goods vans and wagons not self-propelled) to Nigeria, comprising 93% of total imports. The second position in the ranking was held by China, with a 7.1% share of total imports.

What are the leading importers of railway or tramway goods vans and wagons (not self-propelled) from Nigeria?

In value terms, the United States, the Netherlands and the UK $45) appeared to be the largest markets for railway goods wagon exported from Nigeria worldwide.

What is the average export price for railway or tramway goods vans and wagons (not self-propelled) in Nigeria?

In 2015, the average railway goods wagon export price amounted to $8,966 per unit, flattening at the previous year.

What is the average import price for railway or tramway goods vans and wagons (not self-propelled) in Nigeria?

In 2022, the average railway goods wagon import price amounted to $41,988 per unit, which is down by -13.6% against the previous year.

This report provides an in-depth analysis of the railway goods wagon 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 30203300 - Railway or tramway goods vans and wagons, not selfpropelled

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