Nigeria: Market for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles 2024

Market Size for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Nigeria

The Nigerien market for road-sweepers, mobile workshops and other special purpose vehicles skyrocketed to $X in 2021, surging by 235% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted buoyant growth. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles

Exports from Nigeria

In 2021, shipments abroad of road-sweepers, mobile workshops and other special purpose vehicles decreased by 0% to X units, falling for the third year in a row after four years of growth. In general, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 400%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of road-sweepers, mobile workshops and other special purpose vehicles shrank rapidly to $X in 2021. Overall, exports faced a sharp descent. The pace of growth appeared the most rapid in 2015 with an increase of 713%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Niger (X units) and Congo (X units) were the main destinations of exports of road-sweepers, mobile workshops and other special purpose vehicles from Nigeria.

From 2012 to 2021, the biggest increases were recorded for Congo (with a CAGR of 0.0%).

In value terms, Ghana ($X), Benin ($X) and Congo ($X) were the largest markets for road-sweepers, mobile workshops and other special purpose vehicles exported from Nigeria worldwide, together comprising 96% of total exports.

Congo, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for road-sweepers, mobile workshops and other special purpose vehicles amounted to $X per unit, shrinking by -78.8% against the previous year. Over the period under review, the export price, however, posted a slight increase. The most prominent rate of growth was recorded in 2013 an increase of 2,021%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+33.0%), while the prices for the other major destinations experienced a decline.

Imports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles

Imports into Nigeria

In 2021, approx. X units of road-sweepers, mobile workshops and other special purpose vehicles were imported into Nigeria; jumping by 312% against the year before. In general, imports recorded strong growth. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imports of road-sweepers, mobile workshops and other special purpose vehicles skyrocketed to $X in 2021. Overall, imports, however, showed a pronounced shrinkage. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Ukraine (X units), Spain (X units) and Ireland (X units) were the main suppliers of imports of road-sweepers, mobile workshops and other special purpose vehicles to Nigeria, with a combined 22% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +43.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Ukraine ($X) were the largest road-sweepers, mobile workshops and other special purpose vehicles suppliers to Nigeria, with a combined 47% share of total imports. Antigua and Barbuda, India, Algeria, the United States, Ireland, Spain, the Netherlands, Cameroon, Sudan and Hong Kong SAR lagged somewhat behind, together comprising a further 27%.

Hong Kong SAR, with a CAGR of +30.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for road-sweepers, mobile workshops and other special purpose vehicles stood at $X per unit in 2021, which is down by -43.1% against the previous year. Over the period under review, the import price recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 an increase of 43% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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