Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Nigeria - 2022
Contents:
- Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Nigeria (CIF) - 2022
- Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Nigeria
Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Nigeria (CIF) - 2022
In 2022, the average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $8,135 per unit, waning by -11.9% against the previous year. In general, the import price continues to indicate a slight contraction. The growth pace was the most rapid in 2013 an increase of 40% against the previous year. As a result, import price attained the peak level of $13,378 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($45,031 per unit), while the price for China ($1,182 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Nigeria
After two years of decline, supplies from abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs increased by 147% to 793 units in 2022. In general, imports, however, faced a sharp setback. Over the period under review, imports of hit record highs at 1.7K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs soared to $6.5M in 2022. Over the period under review, imports, however, showed a abrupt curtailment. Imports peaked at $12M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 11.9 | 8.3 | 17.3 | 3,625 | 572.9% |
| Germany | 757 | 422 | 248 | 641 | -5.4% |
| China | 2,108 | 775 | 244 | 639 | -32.8% |
| France | 4,116 | 74.5 | 915 | 364 | -55.4% |
| India | 1,437 | 22.6 | 218 | 177 | -50.2% |
| Czech Republic | 523 | 9.7 | 44.0 | 137 | -36.0% |
| Italy | 11.4 | 0.4 | 19.2 | 133 | 126.8% |
| United States | 1,442 | 212 | 4.1 | 90.1 | -60.3% |
| Others | 1,962 | 1,691 | 1,252 | 645 | -31.0% |
| Total | 12,368 | 3,215 | 2,962 | 6,451 | -19.5% |
Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Nigeria in 2022:
- China (541.0 units)
- Switzerland (93.0 units)
- Italy (58.0 units)
- Germany (17.0 units)
- India (15.0 units)
- France (15.0 units)
- Czech Republic (3.0 units)
- United States (2.0 units)
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China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
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Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
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In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1201
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
