Nigeria - Concrete Pumps - Market Analysis, Forecast, Size, Trends And Insights
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View PricingConcrete Pump Price in Nigeria - 2022
Contents:
Concrete Pump Price in Nigeria (CIF) - 2022
In June 2022, the average concrete pump import price amounted to $62,073 per unit, approximately mirroring the previous month. In general, the import price, however, recorded a resilient expansion. The pace of growth appeared the most rapid in February 2022 an increase of 476% month-to-month. The import price peaked at $62,104 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 country with the highest price was India ($62,088 per unit), while the price for China totaled $61,918 per unit.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by Germany (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Concrete Pump Imports in Nigeria
Concrete pump imports into Nigeria surged to 44 units in 2022, rising by 29% compared with the previous year. The total import volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, concrete pump imports fell to $1.7M in 2022. In general, imports, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 62% against the previous year. Imports peaked at $2M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Concrete Pump in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 676 | 362 | 480 | 774 | 4.6% |
| India | 88.9 | 144 | 430 | 537 | 82.1% |
| Turkey | 27.6 | 239 | 39.3 | 176 | 85.4% |
| Italy | 101 | 52.9 | 36.8 | 92.8 | -2.8% |
| Germany | 358 | 99.6 | 483 | 80.3 | -39.2% |
| South Africa | 26.1 | 11.7 | 4.0 | 37.3 | 12.6% |
| United Arab Emirates | 21.4 | 19.0 | 30.3 | 13.2 | -14.9% |
| Japan | 1.8 | 1.6 | 2.5 | 4.0 | 30.5% |
| Spain | 12.2 | 6.8 | 4.7 | 2.1 | -44.4% |
| France | 3.7 | 1.8 | 1.7 | 1.1 | -33.3% |
| United Kingdom | 21.3 | 23.8 | 13.4 | 0.4 | -73.4% |
| Others | 625 | 244 | 432 | 2.9 | -83.3% |
| Total | 1,964 | 1,206 | 1,957 | 1,721 | -4.3% |
Top Suppliers of Concrete Pump to Nigeria in 2022:
- China (14.0 units)
- South Africa (9.0 units)
- India (9.0 units)
- Turkey (3.0 units)
- Italy (2.0 units)
- United Arab Emirates (1.0 units)
- Japan (1.0 units)
- France (1.0 units)
- United Kingdom (1.0 units)
- Germany (1.0 units)
- Spain (1.0 units)
This report provides an in-depth analysis of the concrete pump 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 28131185 - Concrete pumps
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.
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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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