Report Update Nov 1, 2024

Nigeria - Crawler Tractors - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Crawler Tractor Market 2024

Crawler Tractor Market Size in Nigeria

In 2021, after five years of decline, there was significant growth in the Nigerien crawler tractor market, when its value increased by 7.1% to $X. In general, consumption, however, saw a abrupt contraction. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Crawler Tractor Production in Nigeria

In value terms, crawler tractor production rose sharply to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 44% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Crawler Tractor Exports

Exports from Nigeria

In 2021, the amount of crawler tractors exported from Nigeria stood at less than X units, therefore, remained relatively stable against the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern.

In value terms, crawler tractor exports amounted to less than $X in 2021. Over the period under review, exports continue to indicate a sharp slump. The growth pace was the most rapid in 2017 with an increase of 463%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Crawler Tractor Imports

Imports into Nigeria

In 2021, after three years of growth, there was significant decline in supplies from abroad of crawler tractors, when their volume decreased by -25% to X units. In general, imports, however, posted temperate growth. The most prominent rate of growth was recorded in 2013 with an increase of 200%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, crawler tractor imports contracted markedly to $X in 2021. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2013 with an increase of 3,012%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), the United Arab Emirates (X units) and Niger (X units) were the main suppliers of crawler tractor imports to Nigeria, with a combined 50% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of 0.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of crawler tractors to Nigeria, comprising 7.4% of total imports. The second position in the ranking was taken by Belgium ($X), with a 2.8% share of total imports. It was followed by China, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +84.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+39.1% per year) and China (+33.4% per year).

Import Prices by Country

The average crawler tractor import price stood at $X per unit in 2021, with a decrease of -3.5% against the previous year. Overall, the import price, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 945%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for the United Arab Emirates ($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 (+76.4%), 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 crawler tractors in the world?

The countries with the highest volumes of in 2021 were Japan, Italy and the Netherlands, together accounting for 32% of global consumption. Germany, Iraq, Australia, Russia, Nepal, Romania, Belarus and the United States lagged somewhat behind, together comprising a further 25%.

What are the largest producers of crawler tractors in the world?

The countries with the highest volumes of in 2021 were Germany, Japan and Italy, with a combined 66% share of global production.

What are the leading suppliers of crawler tractors to Nigeria?

In value terms, the United States, India and Japan constituted the largest crawler tractor suppliers to Nigeria, with a combined 69% share of total imports.

What is the average export price for crawler tractors in Nigeria?

In 2017, the average crawler tractor export price amounted to $9,498 per unit, picking up by 344% against the previous year.

What is the average import price for crawler tractors in Nigeria?

The average crawler tractor import price stood at $7,272 per unit in 2021, falling by -62.2% against the previous year.

This report provides an in-depth analysis of the crawler tractor 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 28925000 - (Crawler tractors) Track-laying tractors

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023