Report Update Nov 1, 2024

Nigeria - Pedestrian-Controlled Tractors - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Nigeria

The Nigerien pedestrian-controlled tractor market stood at $X in 2022, with an increase of 3.8% against the previous year. Overall, consumption posted a buoyant increase. Pedestrian-controlled tractor consumption peaked in 2022 and is expected to retain growth in years to come.

Pedestrian-Controlled Tractor Production in Nigeria

In value terms, pedestrian-controlled tractor production totaled $X in 2022 estimated in export price. In general, production posted buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 33% against the previous year. Pedestrian-controlled tractor production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Pedestrian-Controlled Tractor Exports

Exports from Nigeria

In 2022, shipments abroad of pedestrian-controlled tractors increased by 25% to X units, rising for the second year in a row after five years of decline. Over the period under review, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by 300%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, pedestrian-controlled tractor exports contracted modestly to $X in 2022. In general, exports, however, showed a sharp decrease. The growth pace was the most rapid in 2015 with an increase of 95%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for pedestrian-controlled tractor exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +2.5%.

In value terms, the United States ($X) remains the key foreign market for pedestrian-controlled tractors exports from Nigeria, comprising 88% of total exports. The second position in the ranking was held by Benin ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +6.3%.

Export Prices by Country

The average pedestrian-controlled tractor export price stood at $X per unit in 2022, falling by -17.8% against the previous year. In general, the export price saw a deep downturn. The pace of growth was the most pronounced in 2020 when the average export price increased by 11% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($X per unit), while the average price for exports to the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+6.2%).

Pedestrian-Controlled Tractor Imports

Imports into Nigeria

In 2022, imports of pedestrian-controlled tractors into Nigeria surged to X units, jumping by 79% compared with the year before. Overall, imports posted significant growth. The growth pace was the most rapid in 2018 with an increase of 14,800% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, pedestrian-controlled tractor imports soared to $X in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 2,778,978%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), the United States (X units) and Cyprus (X units) were the main suppliers of pedestrian-controlled tractor imports to Nigeria, together comprising 92% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +42.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of pedestrian-controlled tractors to Nigeria, comprising 56% of total imports. The second position in the ranking was held by the United States ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +32.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+31.5% per year) and Cyprus (+20.3% per year).

Import Prices by Country

The average pedestrian-controlled tractor import price stood at $X per unit in 2022, which is down by -34.9% against the previous year. Over the period under review, the import price showed a perceptible descent. The pace of growth was the most pronounced in 2018 an increase of 18,182% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a 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 China ($X per unit), while the price for Cyprus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pedestrian-controlled tractors in the world?

China remains the largest pedestrian-controlled tractor consuming country worldwide, accounting for 16% of total volume. Moreover, pedestrian-controlled tractor consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 6.4% share.

What are the largest producers of pedestrian-controlled tractors in the world?

China constituted the country with the largest volume of pedestrian-controlled tractor production, comprising approx. 18% of total volume. Moreover, pedestrian-controlled tractor production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 6.3% share.

What are the leading suppliers of pedestrian-controlled tractors to Nigeria?

In value terms, the United States, Thailand and Pakistan were the largest pedestrian-controlled tractor suppliers to Nigeria, together comprising 56% of total imports. China, the UK, Cyprus and Germany lagged somewhat behind, together accounting for a further 20%.

What are the leading importers of pedestrian-controlled tractors from Nigeria?

In value terms, the United States and Benin appeared to be the largest markets for pedestrian-controlled tractor exported from Nigeria worldwide.

What is the average export price for pedestrian-controlled tractors in Nigeria?

The average pedestrian-controlled tractor export price stood at $373 per unit in 2021, flattening at the previous year.

What is the average import price for pedestrian-controlled tractors in Nigeria?

The average pedestrian-controlled tractor import price stood at $2,184 per unit in 2021, dropping by -19.5% against the previous year.

This report provides an in-depth analysis of the pedestrian-controlled 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 28301000 - Pedestrian-controlled 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