Report Update Jan 1, 2025

Nigeria - Concrete-Mixer Lorries - Market Analysis, Forecast, Size, Trends and Insights

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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

Frequently Asked Questions (FAQ) :

What are the largest markets for concrete-mixer lorries in the world?

The country with the largest volume of concrete-mixer lorry consumption was Germany, accounting for 22% of total volume. Moreover, concrete-mixer lorry consumption in Germany exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was occupied by Japan, with a 6.5% share.

What are the largest producers of concrete-mixer lorries in the world?

The countries with the highest volumes of in 2021 were Germany, China and Japan, with a combined 68% share of global production. These countries were followed by Spain, the United States, South Korea and Italy, which together accounted for a further 19%.

What are the leading suppliers of concrete-mixer lorries to Nigeria?

In value terms, China constituted the largest supplier of concrete-mixer lorry to Nigeria, comprising 55% of total imports. The second position in the ranking was occupied by Greece, with an 8.4% share of total imports.

What is the average import price for concrete-mixer lorries in Nigeria?

In 2021, the average concrete-mixer lorry import price amounted to $29,835 per unit, which is down by -15.6% against the previous year.

This report provides an in-depth analysis of the concrete-mixer lorry market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29105950 - Concrete-mixer lorries

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024