In 2021, the Niger lifting equipment market fell -X% to $X for the first time since 2017, ending a three-year uptrend. Overall, however, consumption has grown significantly. Lifting equipment consumption peaked at $X in 2020 before falling sharply the following year.
In 2021, after a three-year decline, overseas shipments of lifting equipment saw a significant increase, with sales increasing by X% to X units. Overall, exports showed a strong expansion trend. The most significant growth rate occurred in 2016, which was an X% increase compared to the previous year. Exports peaked at X units in 2017; however, from 2018 to 2021, exports have remained low.
Lifting equipment exports soar to $X in 2021 by value. Overall, exports showed significant growth. The growth rate was most significant in 2013, with an X% increase. Exports peaked at $X in 2019; however, from 2020 to 2021, exports failed to regain momentum.
El Países bajos (X units) is the main destination for Nigerian hoisting equipment exports, accounting for X% of total exports. In addition, exports of lifting equipment to the Netherlands were more than seven times larger than exports to the Reino unido (X units), the second largest destination.
From 2012 to 2021, the average annual growth rate of cargo traffic to the Netherlands totals +X%.
In value terms, the Netherlands ($X) remains the leading foreign market for Nigerian hoisting equipment exports, accounting for X% of total exports. In second place is the United Kingdom ($X) with X% of total exports. From 2012 to 2021, the average annual growth in value to the Netherlands totals +X%.
After three years of growth, overseas purchases of lifting equipment fell -X% to X units in 2021. But overall, import growth was strong. The most significant growth rate occurred in 2013, when imports increased by X% over the previous year. Imports peaked at X units in 2020 before falling rapidly the following year.
In 2021, imports of lifting equipment decreased to X dollars in value terms. But overall, imports have grown significantly. The fastest growth was in 2013, with imports increasing by X% year-on-year. As a result, imports peaked at X dollars. Import growth will remain low between 2014 and 2021.
In 2021, China (X units) is the main lifting equipment supplier in Nigeria, accounting for X% of total imports. In addition, imports of lifting equipment from China were more than ten times higher than the number recorded by the second largest supplier, the Estados Unidos (X units).
From 2012 to 2021, the average annual growth rate of sales from China totals +X%. China ($X) is Nigeria's largest supplier of lifting equipment by value, accounting for X% of total imports. In second place is the United States ($X) with X% of total imports. From 2012 to 2021, the average annual growth rate of value from China reaches +X%.
China is Nigeria's largest supplier of lifting equipment by value, accounting for 88% of total imports. In second place is the United States, which accounts for 8.9% of total imports.
In value terms, the Netherlands remains the main foreign market for Nigerian hoisting equipment exports, accounting for 99% of total exports. In second place was the United Kingdom, which accounted for 1.1% of total exports.
The average export price of lifting equipment in 2021 is US$17,241 per unit, an increase of 4.8% over the previous year.
The average import price of lifting equipment in 2021 is $8,971 per unit, up 549% from the previous year.
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