Report Update Feb 1, 2025

Nigeria - Railway or Tramway Maintenance or Service Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Railway Maintenance Vehicle Market 2025

Railway Maintenance Vehicle Market Size in Nigeria

For the third consecutive year, the Nigerien railway maintenance vehicle market recorded growth in sales value, which increased by 35% to $X in 2021. Overall, consumption continues to indicate prominent growth. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the immediate term.

Railway Maintenance Vehicle Production in Nigeria

In value terms, railway maintenance vehicle production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 3,205%. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Railway Maintenance Vehicle Exports

Exports from Nigeria

Railway maintenance vehicle exports from Nigeria shrank sharply to X units in 2013, waning by -77.3% against the previous year. Over the period under review, exports continue to indicate a precipitous decline. The exports peaked at X units in 2012, and then contracted remarkably in the following year.

In value terms, railway maintenance vehicle exports declined sharply to $X in 2013. In general, exports faced a sharp downturn. Over the period under review, the exports hit record highs at $X in 2012, and then declined rapidly in the following year.

Exports by Country

Belgium (X units) was the main destination for railway maintenance vehicle exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2012 to 2013, the average annual growth rate of volume to Belgium amounted to -76.2%.

In value terms, Belgium ($X) also remains the key foreign market for railway or tramway maintenance or service vehicles exports from Nigeria.

From 2012 to 2013, the average annual growth rate of value to Belgium totaled -68.1%.

Export Prices by Country

The average railway maintenance vehicle export price stood at $X per unit in 2013, jumping by 41% against the previous year. Overall, export price indicated a significant expansion from 2012 to 2013: its price increased at an average annual rate of +41.1% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2013, the rate of growth in terms of prices for Belgium amounted to +34.2% per year.

Railway Maintenance Vehicle Imports

Imports into Nigeria

In 2021, imports of railway or tramway maintenance or service vehicles into Nigeria soared to X units, jumping by 3,022% on 2020. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, railway maintenance vehicle imports skyrocketed to $X in 2021. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 3,234% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

Germany (X units), China (X units) and the United States (X units) were the main suppliers of railway maintenance vehicle imports to Nigeria, together accounting for 98% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +73.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) appeared to be the largest railway maintenance vehicle suppliers to Nigeria, with a combined 99% share of total imports.

Among the main suppliers, Germany, with a CAGR of +80.5%, recorded the highest rates of growth with regard to 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

In 2021, the average railway maintenance vehicle import price amounted to $X per unit, rising by 8.2% against the previous year. Overall, the import price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 14%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat 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 ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for railway or tramway maintenance or service vehicles in the world?

The countries with the highest volumes of railway maintenance vehicle consumption in 2021 were Malaysia, the United States and Canada, with a combined 38% share of global consumption. These countries were followed by Switzerland, the Philippines, Japan, Belgium, Thailand, the United Arab Emirates, Qatar, Mozambique, the UK and Kazakhstan, which together accounted for a further 35%.

What are the largest producers of railway or tramway maintenance or service vehicles in the world?

The United States remains the largest railway maintenance vehicle producing country worldwide, accounting for 38% of total volume. Moreover, railway maintenance vehicle production in the United States exceeded the figures recorded by the second-largest producer, Spain, twofold. The third position in this ranking was occupied by Austria, with a 15% share.

What are the leading suppliers of railway or tramway maintenance or service vehicles to Nigeria?

In value terms, China constituted the largest supplier of railway maintenance vehicle to Nigeria, comprising 52% of total imports. The second position in the ranking was occupied by the United States, with a 22% share of total imports. It was followed by Germany, with a 22% share.

What are the leading importers of railway or tramway maintenance or service vehicles from Nigeria?

In value terms, Belgium remains the key foreign market for railway maintenance vehicle exports from Nigeria.

What is the average export price for railway or tramway maintenance or service vehicles in Nigeria?

The average railway maintenance vehicle export price stood at $65,729 per unit in 2013, with an increase of 32% against the previous year.

What is the average import price for railway or tramway maintenance or service vehicles in Nigeria?

In 2021, the average railway maintenance vehicle import price amounted to $3,632 per unit, rising by 32% against the previous year.

This report provides an in-depth analysis of the railway maintenance vehicle 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 30203100 - Railway or tramway maintenance or service vehicles (including workshops, cranes, ballast tampers, track-liners, t esting coaches and track inspection vehicles)

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