Report Update Nov 1, 2024

Nigeria - Dumpers for Off-Highway Use - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Nigeria

In 2021, the Nigerien off-highway dumper market increased by 122% to $X, rising for the third consecutive year after six years of decline. Over the period under review, consumption, however, faced a abrupt decline. Off-highway dumper consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Off-Highway Dumper Exports

Exports from Nigeria

In 2020, shipments abroad of dumpers for off-highway use decreased by -83.6% to X units, falling for the third year in a row after two years of growth. In general, exports showed a significant contraction. The pace of growth appeared the most rapid in 2017 with an increase of 39% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2020, the exports stood at a somewhat lower figure.

In value terms, off-highway dumper exports shrank remarkably to $X in 2020. Over the period under review, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2017 when exports increased by 27%. As a result, the exports reached the peak of $X. From 2018 to 2020, the growth of the exports remained at a lower figure.

Exports by Country

Benin (X units) was the main destination for off-highway dumper exports from Nigeria, accounting for a approx. 99% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Benin was relatively modest.

In value terms, Benin ($X) emerged as the key foreign market for dumpers for off-highway use exports from Nigeria.

From 2012 to 2020, the average annual rate of growth in terms of value to Benin was relatively modest.

Export Prices by Country

In 2020, the average off-highway dumper export price amounted to $X per unit, increasing by 30% against the previous year. Over the period under review, the export price recorded mild growth. The export price peaked at $X per unit in 2016; however, from 2017 to 2020, the export prices stood at a somewhat lower figure.

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

From 2012 to 2020, the rate of growth in terms of prices for Belgium amounted to +161.4% per year.

Off-Highway Dumper Imports

Imports into Nigeria

In 2021, overseas purchases of dumpers for off-highway use increased by 167% to X units, rising for the third year in a row after six years of decline. In general, imports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 467% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, off-highway dumper imports surged to $X in 2021. Overall, imports, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 381% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest off-highway dumper supplier to Nigeria, with a 46% share of total imports. Moreover, off-highway dumper imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Belgium (X units) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.5% per year) and Belgium (-14.4% per year).

In value terms, the largest off-highway dumper suppliers to Nigeria were the United States ($X), China ($X) and Belgium ($X), together comprising 53% of total imports. These countries were followed by Italy, Germany, Angola, the UK, Ghana, Botswana, Spain and South Korea, which together accounted for a further 6.7%.

Angola, with a CAGR of +14.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average off-highway dumper import price stood at $X per unit in 2021, with a decrease of -38% against the previous year. Over the period under review, the import price recorded a perceptible descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 121%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+19.2%), 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 dumpers for off-highway use in the world?

Lesotho constituted the country with the largest volume of off-highway dumper consumption, comprising approx. 40% of total volume. Moreover, off-highway dumper consumption in Lesotho exceeded the figures recorded by the second-largest consumer, the Dominican Republic, threefold. The third position in this ranking was occupied by the UK, with a 9.3% share.

What are the largest producers of dumpers for off-highway use in the world?

The countries with the highest volumes of off-highway dumper production in 2020 were the UK, China and Belarus, with a combined 62% share of global production. Japan, Turkey, Thailand and India lagged somewhat behind, together comprising a further 27%.

What are the leading suppliers of dumpers for off-highway use to Nigeria?

In value terms, the largest off-highway dumper suppliers to Nigeria were the United Arab Emirates and Germany.

What are the leading importers of dumpers for off-highway use from Nigeria?

In value terms, the Netherlands remains the key foreign market for off-highway dumper exports from Nigeria.

What is the average export price for dumpers for off-highway use in Nigeria?

In 2018, the average off-highway dumper export price amounted to $188,967 per unit, reducing by -7.8% against the previous year.

What is the average import price for dumpers for off-highway use in Nigeria?

The average off-highway dumper import price stood at $30,261 per unit in 2020, dropping by -5.5% against the previous year.

This report provides an in-depth analysis of the off-highway dumper 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 28922900 - Dumpers for off-highway use
Prodcom 28922810 -

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