Report Update Nov 1, 2024

Nigeria - Self-Propelled Railway or Tramway Coaches, Vans and Trucks - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Self-Propelled Railway Coach Market 2024

Self-Propelled Railway Coach Market Size in Nigeria

In 2021, the Nigerien self-propelled railway coach market increased by 2.1% to $X for the first time since 2015, thus ending a five-year declining trend. In general, consumption, however, continues to indicate a abrupt decrease. Self-propelled railway coach consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Self-Propelled Railway Coach Exports

Exports from Nigeria

In 2017, the amount of railway or tramway coaches (self-propelled) exported from Nigeria totaled X kg, approximately equating the year before. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum in 2017 and are expected to retain growth in years to come.

In value terms, self-propelled railway coach exports amounted to $X in 2017. Over the period under review, exports showed a relatively flat trend pattern. The exports peaked in 2017 and are expected to retain growth in the immediate term.

Exports by Country

Benin (X kg) was the main destination for self-propelled railway coach exports from Nigeria, with a approx. 100% share of total exports.

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

From 2017 to 2017, the average annual growth rate of value to Benin was relatively modest.

Self-Propelled Railway Coach Imports

Imports into Nigeria

In 2021, supplies from abroad of railway or tramway coaches (self-propelled) increased by 2.3% to X tons for the first time since 2015, thus ending a five-year declining trend. Overall, imports, however, recorded a perceptible setback. The growth pace was the most rapid in 2013 with an increase of 10,452%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, self-propelled railway coach imports shrank slightly to $X in 2021. In general, imports, however, faced a precipitous descent. The growth pace was the most rapid in 2013 when imports increased by 12,253%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of self-propelled railway coach to Nigeria, with a 85% share of total imports. Moreover, self-propelled railway coach imports from China exceeded the figures recorded by the second-largest supplier, the UK (X kg), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -5.1%.

In value terms, the UK ($X) and China ($X) constituted the largest self-propelled railway coach suppliers to Nigeria.

The UK, with a CAGR of -9.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average self-propelled railway coach import price stood at $X per ton in 2021, falling by -6% against the previous year. In general, the import price recorded a abrupt decrease. The growth pace was the most rapid in 2016 when the average import price increased by 297%. The import price peaked at $X per ton in 2013; however, from 2014 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 the UK ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-8.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for railway or tramway coaches (self-propelled) in the world?

The country with the largest volume of self-propelled railway coach consumption was China, comprising approx. 25% of total volume. Moreover, self-propelled railway coach consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. Russia ranked third in terms of total consumption with a 5.1% share.

What are the largest producers of railway or tramway coaches (self-propelled) in the world?

China constituted the country with the largest volume of self-propelled railway coach production, accounting for 26% of total volume. Moreover, self-propelled railway coach production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. Russia ranked third in terms of total production with a 5.2% share.

What are the leading suppliers of railway or tramway coaches (self-propelled) to Nigeria?

In value terms, China constituted the largest supplier of self-propelled railway coach to Nigeria.

What is the average export price for railway or tramway coaches (self-propelled) in Nigeria?

In 2017, the average self-propelled railway coach export price amounted to $43,000 per ton, approximately equating the previous year.

What is the average import price for railway or tramway coaches (self-propelled) in Nigeria?

The average self-propelled railway coach import price stood at $1,697 per ton in 2020, shrinking by -44.8% against the previous year.

This report provides an in-depth analysis of the self-propelled railway coach 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 30202000 - Self-propelled railway or tramway coaches, vans and trucks, e xcept maintenance or service 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 2012–2023
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