Liquid Elevators Price in Nigeria - 2022

Liquid Elevators Price in Nigeria (CIF) - 2022

In 2022, the average liquid elevators import price amounted to $585 per unit, falling by -12.7% against the previous year. In general, the import price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by 89% against the previous year. As a result, import price reached the peak level of $766 per unit. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,347 per unit), while the price for South Africa ($122 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+32.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Liquid Elevators Price in Nigeria (FOB) - 2022

In 2022, the average liquid elevators export price amounted to $1,847 per unit, rising by 4.6% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 596% against the previous year. As a result, the export price reached the peak level of $3,217 per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($3,660 per unit), while the average price for exports to Angola ($40 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 South Africa (+251.0%), while the prices for the other major destinations experienced more modest paces of growth.

Liquid Elevators Imports in Nigeria

In 2022, approx. 56K units of liquid elevatorses were imported into Nigeria; growing by 118% compared with the previous year. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, liquid elevators imports skyrocketed to $33M in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Liquid Elevators in Nigeria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Greece	N/A	0.1	0.2	5.2	621.1%
India	2.3	0.8	1.5	4.1	21.3%
Netherlands	N/A	0.1	0.1	2.9	438.5%
United States	0.1	N/A	0.1	2.8	203.7%
South Africa	N/A	N/A	0.1	1.8	1700.0%
Turkey	0.2	0.1	N/A	1.7	104.1%
United Arab Emirates	0.1	N/A	0.1	1.4	141.0%
United Kingdom	0.1	N/A	N/A	1.3	135.1%
Spain	N/A	N/A	N/A	0.3	0%
France	N/A	N/A	N/A	0.2	0%
China	12.2	12.9	14.6	0.1	-79.8%
Others	1.3	0.3	0.5	10.9	103.2%
Total	16.4	14.3	17.3	32.8	26.0%

Top Suppliers of Liquid Elevators to Nigeria in 2022:

South Africa (14.9K units)
India (13.4K units)
Greece (7.4K units)
Netherlands (4.3K units)
Turkey (3.2K units)
United Kingdom (2.1K units)
United Arab Emirates (2.0K units)
Spain (1.6K units)
France (1.4K units)
United States (1.2K units)
China (0.1K units)

Liquid Elevators Exports in Nigeria

In 2022, exports of liquid elevatorses from Nigeria surged to 13 units, jumping by 30% on 2021. Overall, exports, however, saw a perceptible curtailment. The exports peaked at 17 units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, liquid elevators exports soared to $24K in 2022. Over the period under review, total exports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.9% against 2020 indices. Over the period under review, the exports reached the peak figure at $30K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Export of Liquid Elevators in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cote d'Ivoire	5.0	13.1	6.7	7.3	13.4%
Niger	1.0	1.2	2.8	6.2	83.7%
Burkina Faso	2.7	4.6	2.8	3.6	10.1%
Benin	0.6	8.1	2.9	2.3	56.5%
Senegal	0.9	0.2	1.1	1.2	10.1%
Netherlands	1.1	1.6	0.9	1.0	-3.1%
Togo	N/A	N/A	N/A	0.6	0%
Sao Tome and Principe	0.4	0.6	0.3	0.4	0.0%
Ghana	0.4	0.6	0.3	0.3	-9.1%
Democratic Republic of the Congo	0.4	N/A	N/A	N/A	0%
Angola	0.1	0.1	N/A	N/A	0.0%
Others	10.2	0.3	N/A	1.0	-53.9%
Total	22.7	30.4	17.7	24.0	1.9%