Nigeria - Air Compressors Mounted On A Wheeled Chassis For Towing - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTow-Behind Air Compressor Price in Nigeria - 2022
Contents:
- Tow-Behind Air Compressor Price in Nigeria (CIF) - 2022
- Tow-Behind Air Compressor Price in Nigeria (FOB) - 2022
- Tow-Behind Air Compressor Imports in Nigeria
- Tow-Behind Air Compressor Exports in Nigeria
Tow-Behind Air Compressor Price in Nigeria (CIF) - 2022
The average tow-behind air compressor import price stood at $900 per unit in 2022, reducing by -6.2% against the previous year. Overall, the import price saw a deep slump. The growth pace was the most rapid in 2016 an increase of 141%. Over the period under review, average import prices attained the peak figure at $3,216 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($5,615 per unit), while the price for India ($228 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Tow-Behind Air Compressor Price in Nigeria (FOB) - 2022
In 2022, the average tow-behind air compressor export price amounted to $2,528 per unit, with a decrease of -40.7% against the previous year. Overall, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 339% against the previous year. Over the period under review, the average export prices hit record highs at $7,638 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($11,944 per unit), while the average price for exports to Ghana ($2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.
Tow-Behind Air Compressor Imports in Nigeria
In 2022, tow-behind air compressor imports into Nigeria skyrocketed to 8K units, growing by 67% on the previous year. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 82%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, tow-behind air compressor imports surged to $7.2M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Tow-Behind Air Compressor in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 764 | 3,158 | 2,685 | 3,641 | 68.3% |
India | 322 | 539 | 336 | 1,010 | 46.4% |
Belgium | 512 | 251 | 184 | 446 | -4.5% |
United Kingdom | 17.7 | 460 | 17.7 | 352 | 170.9% |
Others | 3,701 | 2,486 | 1,402 | 1,772 | -21.8% |
Total | 5,316 | 6,894 | 4,624 | 7,220 | 10.7% |
Top Suppliers of Tow-Behind Air Compressor to Nigeria in 2022:
- India (4.4K units)
- China (2.5K units)
- Belgium (0.6K units)
- United Kingdom (0.1K units)
Tow-Behind Air Compressor Exports in Nigeria
In 2022, shipments abroad of air compressors mounted on a wheeled chassis for towing decreased by 0% to 11 units for the first time since 2018, thus ending a three-year rising trend. The total export 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 in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, tow-behind air compressor exports declined sharply to $28K in 2022. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 436%. As a result, the exports attained the peak of $47K, and then shrank rapidly in the following year.
Export of Tow-Behind Air Compressor in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 7.7 | 7.8 | 31.9 | 23.9 | 45.9% |
Benin | N/A | N/A | 9.9 | 1.2 | -87.9% |
Angola | 0.3 | 0.2 | 1.4 | 0.9 | 44.2% |
Cote d'Ivoire | 0.2 | 0.4 | 1.4 | 0.9 | 65.1% |
India | 0.2 | 0.2 | 0.7 | 0.4 | 26.0% |
Niger | 0.2 | N/A | 1.3 | 0.4 | 26.0% |
Congo | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
Burundi | N/A | N/A | N/A | N/A | 0% |
South Africa | N/A | N/A | N/A | N/A | 0% |
Ghana | N/A | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 8.6 | 8.7 | 46.9 | 27.8 | 47.9% |
Top Export Markets for Tow-Behind Air Compressor from Nigeria in 2022:
- Netherlands (2.0 units)
- Ghana (1.0 units)
- Angola (1.0 units)
- South Africa (1.0 units)
- India (1.0 units)
- Congo (1.0 units)
- Burundi (1.0 units)
- Niger (1.0 units)
- Cote d'Ivoire (1.0 units)
- Benin (1.0 units)
This report provides an in-depth analysis of the tow-behind air compressor 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 28132400 - Air compressors mounted on a wheeled chassis for towing
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
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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
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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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