From January to June 2021, China and Nigeria increased by US$3,425,410,900 compared with the same period in 2020, a year-on-year increase of 44.5%.
From January to June 2021, the total value of China’s exports to Nigeria was US$ 9,957,173,900, an increase of US$ 3,191,458,900 compared with the same period in 2020, a year-on-year increase of 47.6%; the total value of China’s imports from Nigeria was US$ 1,233,889,000, compared with 2020. During the same period, it increased by $233.952 million, a year-on-year increase of 23.6%.
From the data point of view, the growth rate of trade between China and Nigeria is gratifying. As a crane supplier in China, Dongqi Cần Cẩu continues to pay attention to the changes in the Nigerian crane market. In the past 2021, Dongqi Crane has reached a total of 23 crane projects with Nigerian partners, which has brought a certain positive impact on Nigeria's economic development and industrial construction. In order to expand the export of cranes to Nigeria, in this article, we will conduct a study on the development trends of the Nigerian overhead crane market in 2022
Before we start discussing the aerial crane market in Nigeria, we have a few small questions that need to be answered first. Let’s take a look
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The Niger Overhead Crane Market grew by X% to $X in 2020, the third consecutive year of growth after two years of decline. During the period under review, there was a significant increase in consumption. In 2008, the growth rate was the fastest, and the market value increased by X% year-on-year. During the period under review, the market hit an all-time high in 2020 and is expected to keep growing in the near future.
In 2020, approximately X fixed-stand overhead cranes were exported from Nigeria; the same as the previous year. Overall, exports showed a relatively flat trend pattern. The most significant growth rate occurred in 2011, when exports increased by X% over the previous year. As a result, exports peaked at X units. Export growth failed to regain momentum between 2012 and 2020.
Overhead crane exports surged to $X in 2020 by value. During the period under review, exports increased significantly. Exports peaked at $X in 2011; however, from 2012 to 2020, export figures were slightly lower.
Guyana (X units) is the main destination for Nigerian bridge crane exports, accounting for approximately X% of total exports.
From 2007 to 2020, the average annual growth rate of shipments to Guyana has been relatively modest.
From 2007 to 2020, the average annual value growth rate for Guyana was relatively modest.
In 2020, foreign purchases of fixed-support overhead cranes increased by X% to X units, the third consecutive year of growth after two years of decline. Overall, imports recorded significant growth. The most significant growth rate occurred in 2008, when imports increased by X% year-on-year. During the period under review, imports peaked in 2020 and are expected to keep growing in the near future.
Overhead crane imports surged to $X in 2020 by value. Overall, imports have grown significantly. The most significant growth rate occurred in 2008, when imports increased by X% year-on-year. During the period under review, imports hit a record high in 2020 and are expected to keep growing in the near future.
In 2020, the UK (Unit X) was Nigeria's leading supplier of overhead cranes, approx. X% of total imports.
From 2007 to 2020, sales from the UK have grown at an average annual rate of +X%. In terms of value, the UK ($X) is the largest supplier of overhead cranes in Nigeria. From 2007 to 2020, the UK has experienced an average annual value growth rate of -X%.
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