Nigeria: Concrete-Mixer Lorry Market 2025

Concrete-Mixer Lorry Market Size in Nigeria

The Nigerien concrete-mixer lorry market surged to $X in 2022, picking up by 119% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded slight growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Concrete-Mixer Lorry Exports

Exports from Nigeria

In 2022, the amount of concrete-mixer lorries exported from Nigeria shrank remarkably to X units, falling by -25% compared with the year before. In general, exports, however, continue to indicate significant growth. The exports peaked at X units in 2021, and then reduced remarkably in the following year.

In value terms, concrete-mixer lorry exports contracted remarkably to $X in 2022. Over the period under review, exports, however, saw a significant increase. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted notably in the following year.

Exports by Country

South Africa (X units) was the main destination for concrete-mixer lorry exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2018 to 2022, the average annual rate of growth in terms of volume to South Africa was relatively modest.

In value terms, South Africa ($X) emerged as the key foreign market for concrete-mixer lorries exports from Nigeria.

From 2018 to 2022, the average annual rate of growth in terms of value to South Africa was relatively modest.

Export Prices by Country

In 2022, the average concrete-mixer lorry export price amounted to $X per unit, dropping by -19% against the previous year. In general, the export price, however, posted a significant increase. The export price peaked at $X per unit in 2021, and then shrank dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2018 to 2022, the rate of growth in terms of prices for Cameroon amounted to 0.0% per year.

Concrete-Mixer Lorry Imports

Imports into Nigeria

Concrete-mixer lorry imports into Nigeria surged to X units in 2022, jumping by 133% compared with the previous year's figure. Overall, imports saw a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of 220% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, concrete-mixer lorry imports soared to $X in 2022. In general, imports recorded a mild increase. The pace of growth appeared the most rapid in 2020 with an increase of 182% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Barbados (X units), China (X units) and Germany (X units) were the main suppliers of concrete-mixer lorry imports to Nigeria, with a combined 75% share of total imports. Greece, Poland, the United States, Belgium, Spain, Japan and Italy lagged somewhat behind, together accounting for a further 8.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +25.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest concrete-mixer lorry suppliers to Nigeria were China ($X), Barbados ($X) and Germany ($X), together accounting for 80% of total imports. Greece, Belgium, the United States, Italy, Poland, Spain and Japan lagged somewhat behind, together accounting for a further 11%.

Among the main suppliers, Greece, with a CAGR of +65.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average concrete-mixer lorry import price stood at $X per unit in 2022, shrinking by -12.9% against the previous year. Overall, the import price saw a slight downturn. The growth pace was the most rapid in 2016 an increase of 42% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Belgium ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+31.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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