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 $X in 2019; however, from 2020 to 2021, exports failed to regain momentum.
Le Pays-bas (X units) is the main destination for Nigerian hoisting equipment exports, accounting for X% of total exports. In addition, exports of lifting equipment to the Netherlands were more than seven times larger than exports to the Royaume-UNI (X units), the second largest destination.
From 2012 to 2021, the average annual growth rate of cargo traffic to the Netherlands totals +X%.
In value terms, the Netherlands ($X) remains the leading foreign market for Nigerian hoisting equipment exports, accounting for X% of total exports. In second place is the United Kingdom ($X) with X% of total exports. From 2012 to 2021, the average annual growth in value to the Netherlands totals +X%.
After three years of growth, overseas purchases of lifting equipment fell -X% to X units in 2021. But overall, import growth was strong. The most significant growth rate occurred in 2013, when imports increased by X% over the previous year. Imports peaked at X units in 2020 before falling rapidly the following year.
In 2021, imports of lifting equipment decreased to X dollars in value terms. But overall, imports have grown significantly. The fastest growth was in 2013, with imports increasing by X% year-on-year. As a result, imports peaked at X dollars. Import growth will remain low between 2014 and 2021.
In 2021, China (X units) is the main lifting equipment supplier in Nigeria, accounting for X% of total imports. In addition, imports of lifting equipment from China were more than ten times higher than the number recorded by the second largest supplier, the États-Unis (X units).
From 2012 to 2021, the average annual growth rate of sales from China totals +X%. China ($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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