Report Update Jan 1, 2025

Nigeria - Truck Cranes - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Truck Crane Market 2025

Truck Crane Market Size in Nigeria

In 2021, the Nigerien truck crane market decreased by -9.7% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption recorded a abrupt descent. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Truck Crane Production in Nigeria

In value terms, truck crane production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of 23%. Truck crane production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Truck Crane Exports

Exports from Nigeria

For the fourth year in a row, Nigeria recorded growth in shipments abroad of truck cranes, which increased by 14% to X units in 2021. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 336% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, truck crane exports stood at $X in 2021. Over the period under review, exports continue to indicate a strong increase. The growth pace was the most rapid in 2015 with an increase of 204% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The Philippines (X units) was the main destination for truck crane exports from Nigeria, with a approx. 1.2% share of total exports.

From 2012 to 2017, the average annual rate of growth in terms of volume to the Philippines was relatively modest.

From 2012 to 2017, the average annual rate of growth in terms of value to the Philippines was relatively modest.

Export Prices by Country

In 2017, the average truck crane export price amounted to $X per unit, dropping by -64.7% against the previous year. Overall, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 98% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2017, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2017, the rate of growth in terms of prices for the Philippines amounted to 0.0% per year.

Truck Crane Imports

Imports into Nigeria

After two years of growth, purchases abroad of truck cranes decreased by -42.3% to X units in 2021. Over the period under review, imports faced a abrupt downturn. The pace of growth was the most pronounced in 2019 when imports increased by 435%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, truck crane imports soared to $X in 2021. Overall, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 when imports increased by 101% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of truck crane to Nigeria, with a 8.9% share of total imports. Moreover, truck crane imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The Netherlands (X units) ranked third in terms of total imports with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.0% per year) and the Netherlands (-7.4% per year).

In value terms, China ($X) constituted the largest supplier of truck cranes to Nigeria, comprising 84% of total imports. The second position in the ranking was taken by the United States ($X), with a 5.3% share of total imports. It was followed by Germany, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-25.0% per year) and Germany (-30.1% per year).

Import Prices by Country

In 2021, the average truck crane import price amounted to $X per unit, increasing by 149% against the previous year. Overall, the import price saw a pronounced increase. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Morocco ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for truck cranes in the world?

The countries with the highest volumes of in 2021 were China, Poland and the United States, with a combined 22% share of global consumption.

What are the largest producers of truck cranes in the world?

Germany constituted the country with the largest volume of truck crane production, comprising approx. 42% of total volume. Moreover, truck crane production in Germany exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was occupied by the United States, with a 7.4% share.

What are the leading suppliers of truck cranes to Nigeria?

In value terms, China constituted the largest supplier of truck crane to Nigeria, comprising 45% of total imports. The second position in the ranking was occupied by the United States, with an 11% share of total imports. It was followed by India, with a 9.3% share.

What is the average export price for truck cranes in Nigeria?

The average truck crane export price stood at $214,924 per unit in 2017, standing approx. at the previous year.

What is the average import price for truck cranes in Nigeria?

In 2021, the average truck crane import price amounted to $8,167 per unit, jumping by 16% against the previous year.

This report provides an in-depth analysis of the truck crane 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 29105100 - Crane 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