Nigeria - Side Cars and Cycles with Non-Combustion Motors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Side Car and Cycle with Non-Combustion Motor in Nigeria - 2022
Contents:
- Price for Side Car and Cycle with Non-Combustion Motor in Nigeria (CIF) - 2022
- Price for Side Car and Cycle with Non-Combustion Motor in Nigeria (FOB) - 2022
- Imports of Side Car and Cycle with Non-Combustion Motor in Nigeria
- Exports of Side Car and Cycle with Non-Combustion Motor in Nigeria
Price for Side Car and Cycle with Non-Combustion Motor in Nigeria (CIF) - 2022
In 2022, the average import price for side cars and cycles with non-combustion motors amounted to $474 per unit, waning by -12.6% against the previous year. Overall, the import price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 63%. The import price peaked at $825 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($531 per unit), while the price for the United States ($120 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.7%), while the prices for the other major suppliers experienced a decline.
Price for Side Car and Cycle with Non-Combustion Motor in Nigeria (FOB) - 2022
In 2022, the average export price for side cars and cycles with non-combustion motors amounted to $978 per unit, which is down by -82.3% against the previous year. In general, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2019 an increase of 570%. The export price peaked at $5,512 per unit in 2021, and then dropped significantly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($1,955 per unit), while the average price for exports to Niger ($605 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+151.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Side Car and Cycle with Non-Combustion Motor in Nigeria
In 2022, purchases abroad of side cars and cycles with non-combustion motors decreased by -85% to 5.3K units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 796% against the previous year. As a result, imports attained the peak of 35K units, and then fell notably in the following year.
In value terms, imports of side cars and cycles with non-combustion motors contracted remarkably to $2.5M in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 583% against the previous year. As a result, imports attained the peak of $19M, and then contracted sharply in the following year.
Import of Side Car and Cycle with Non-Combustion Motor in Nigeria (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 0.3 | N/A | 18.1 | 1.2 | 58.7% |
United Kingdom | 0.1 | 0.3 | 0.4 | 0.9 | 108.0% |
China | 0.3 | 0.4 | 0.1 | 0.2 | -12.6% |
United States | 0.1 | 0.3 | N/A | 0.1 | 0.0% |
Japan | 0.2 | 0.5 | 0.2 | 0.1 | -20.6% |
Others | 0.4 | 1.3 | 0.1 | 0.1 | -37.0% |
Total | 1.3 | 2.8 | 19.0 | 2.5 | 24.4% |
Top Suppliers of Side Car and Cycle with Non-Combustion Motor to Nigeria in 2022:
- India (2197.0 units)
- United Kingdom (1793.0 units)
- United States (576.0 units)
- China (340.0 units)
- Japan (161.0 units)
Exports of Side Car and Cycle with Non-Combustion Motor in Nigeria
Exports of side cars and cycles with non-combustion motors from Nigeria soared to 12 units in 2022, picking up by 20% against the previous year's figure. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 533%. As a result, the exports reached the peak of 19 units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of side cars and cycles with non-combustion motors fell notably to $12K in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 603%. The exports peaked at $55K in 2021, and then fell significantly in the following year.
Export of Side Car and Cycle with Non-Combustion Motor in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Benin | N/A | 0.9 | N/A | 5.9 | 156.0% |
Central African Republic | N/A | N/A | N/A | 2.7 | 0% |
Netherlands | N/A | N/A | N/A | 1.3 | 0% |
Niger | 3.6 | 1.0 | 8.9 | 0.6 | -45.0% |
Cameroon | 0.3 | 24.0 | 46.2 | N/A | 1141.0% |
Others | N/A | 1.0 | N/A | 1.3 | 14.0% |
Total | 3.8 | 27.0 | 55.1 | 11.7 | 45.5% |
Top Export Markets for Side Car and Cycle with Non-Combustion Motor from Nigeria in 2022:
- Central African Republic (4.0 units)
- Benin (3.0 units)
- Niger (1.0 units)
- Netherlands (1.0 units)
This report provides an in-depth analysis of the market for side car and cycle with non-combustion motor 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 30911300 - Side cars for motorcycles, cycles with auxiliary motors other than reciprocating internal combustion piston engine
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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