Prices of Used Empty 20ft and 40ft Containers in Nigeria 2024

Are you considering purchasing a used empty container?  Understanding the market prices of used empty 20ft and 40ft containers in Nigeria in 2024 becomes necessary.

Nigeria’s growing building, storage, and transportation industries are also driving up the demand for used, empty shipping containers in 2024.

In this post, we will examine the current market prices for used empty 20ft and 40ft container in Nigeria, the factors that affect these prices, and the most effective ways and places to buy them.

See Also: Cost of Shipping from China to Nigeria in 2024 (Prices, Strategies, & Steps)

Current Market Prices Of Used Empty 20ft And 40ft Containers In Nigeria

The current market prices of 20tf and 40ft empty containers in Nigeria depends on the location you are buying, the types of container and the condition of the container.

There are other factors that may affect the price of containers in Nigeria which we will be discussing later, meanwhile let’s see the prices of used empty 20ft and 40ft containers in Nigeria 2024 below.

Used Empty 20ft Container Prices in Nigeria 2024:

The costs of 20ft Containers typically fall between the ranges of ₦900,000 to ₦1,500,000.

The cost of a used empty 20 feet container may vary considerably depending on factors such as its age, condition, and location.

Higher prices are demanded for containers that are in superior shape, with minimum rust and structural integrity that has not been compromised.

 In contrast, older containers that have experienced greater wear and tear are sold at a lesser price.

Used Empty 40ft Container Prices in Nigeria 2024:

The price range for used 40ft empty containers is higher, usually between ₦1.8 million and ₦3 million.

Like with 20-foot containers, the condition has a big effect on the price. If you want to buy 40ft containers, you should be ready to pay more for ones that are in good shape and have little damage.

New containers are also available but are expensive so people tend to go for used ones.

Average Prices for Used Empty Containers in Nigeria (2024)

CONTAINER TYPES	AMOUNT
20ft Dry Cargo Container (WWT)	₦900,000 – ₦1,500,000
20ft High Cube Dry Cargo Container (WWT)	₦1,000,000 – ₦1,800,000
40ft Dry Cargo Container (WWT)	₦2,000,000 – ₦2,500,000
40ft High Cube Dry Cargo Container (WWT)	₦2,300,000 – ₦3,000,000
Refrigerated containers	₦3,000,000 – ₦5,000,000

Types of Containers in Nigeria

There are two main categories of containers used in Nigeria: shipping containers and modular containers, but all over the world, shipping containers are the most popular types of containers used to ship goods.

Most of the time, they are made of perforated steel and come in different lengths, but 20 feet and 40 feet are the most popular.

Let’s take a look at some of the popular types of containers

1.     Standard Dry Containers

20ft Standard Dry Containers

Most of the time, 20ft standard dry containers are used in Nigeria. They are 20 feet long, 8 feet wide, and 8.5 feet high.

These containers are made to carry dry goods and are perfect for general stuff that doesn’t need to be kept at a certain temperature.

40ft Standard Dry Containers

Standard dry containers that are 40 feet long provide twice as much room as those that are 20 feet long.

Their 40-foot length makes them ideal for transporting bulky items and makes them a popular choice for big shipments. Because of their adaptability and spacious inside, these containers are highly prized.

2.     High Cube Containers

20ft High Cube Containers

20ft high cube containers are a bit bigger than regular containers, giving you an extra foot of height, they usually come with a height of 9.5 feet.

Because they have more room, they are great for moving big things that need more overhead space.

40ft High Cube Containers

The 40ft high cube containers are bigger than the regular 40ft containers. As they stand 9.5 feet tall, these containers give you more room for big or oddly shaped items. They are often used to move heavy tools, machinery, and other large items.

3.     Refrigerated Containers

20ft Refrigerated Containers

20-foot refrigerated containers, which are also called reefers, have systems that keep the temperature stable.

For moving perishable things like food, medicines, and other temperature-sensitive items, these containers are a must. During the trip, they make sure that the goods stays in perfect shape.

40ft Refrigerated Containers

The 20-foot reefers are just as useful as the 40-foot reefers, but the 40-foot reefers have more room.

They are used a lot in the food and drug businesses to move large amounts of things that go bad quickly over long distances.

4.     Open Top Containers

20ft Open Top Containers

The roof of a 20-foot open top container can be taken off, making it easy to load and unload goods. It’s easy to move big things that won’t fit through the doors of regular containers with these containers.

They are often used in the large machinery and construction companies

40ft Open Top Containers

The 20-foot open top tubs can do the same things as the 40-foot ones, but they can hold more.

These are good for moving big, heavy things like building materials and industry equipment.

5.     Flat Rack Containers

20ft and 40ft Flat Rack Containers

20ft and 40ft flat rack containers are special containers with sides that can be folded down. This makes them good for moving big or awkwardly shaped goods.

These shipping crates are often used to move cars, trucks, building tools, and other heavy machinery. It’s easy to load and remove from the top or the sides because the sides are open.

Tank Containers

20ft and 40ft Tank Containers

20ft and 40ft tank export containers are made to move both liquid and air goods. They are made with a strong frame that holds a circular tank. This makes sure that both dangerous and non-dangerous liquids can be moved safely and securely. In the oil, gas, and chemical industries, these containers are used a lot.

It is worthy to note that there are also 10ft shipping containers although they are not as common like the 20ft and 40ft storage containers.

Factors Affecting Container Prices

Condition of the Container

The main thing that determines the price of the cargo containers is its physical condition. Prices are higher for containers that have not rust, have floors and doors that are still in good shape, and has not show any signs of structural damage.

It’s important to carefully check storage containers before buying them to make sure they meet your needs.

Container Type

There are different kinds of containers for different kinds of uses. The most popular and inexpensive choice is dry shipping containers (DC).

High Cube (HC) containers cost a little more but have more space because they are designed carry certain loads, specialized containers like refrigerated containers (Reefers) or open top containers cost more.

Age of the Container

Container price is also determined by how old the container is. Newer containers, usually ones that are less than 10 years old, cost more because they are in better shape and will last longer. While older containers may be cheaper, they may need more maintenance.

Location and Availability

The location of the person selling the container can affect the price. Containers in big towns or ports like Lagos and Port Harcourt may be cheaper because they are readily available.

On the other hand, containers in more remote places may cost more because of the cost of transporting those containers to remote places. So Nigeria, container buyers should considered going to location closer to the ports if they are to get export containers at a competitive price.

Supply and Demand:

Supply and demand also have an effect on the prices of used, empty containers in Nigeria.

Prices may go up if there is a lot of demands for containers in some sectors or season of massive constructions.

Market demand fluctuates due to economy activities. For example, when there is a lot of construction going on or when businesses are growing, more storage space would be needed, the demand for containers goes up, which makes the prices go up.

Shipping / Transportation Costs

In particular, if the container is to be carried over a considerable distance, the fees of shipping might add a sizeable amount to the total pricing.

When preparing a budget for the purchase of a container, purchasers should take these shipping expenses into consideration.

Tips for Buying Used Empty Containers

Conduct Thorough Inspections

It is important to do a full check of a used container before buying it. Look for rust and damage to the structure, and make sure the doors and locks work. If you don’t know what you’re doing, it’s best to hire a skilled inspector.

Compare Prices from Multiple Sellers

You can get the best deal if you look at prices from more than one seller. A lot of different companies have different prices, so shopping around can save you a lot of money.

Check Seller Reputation

It is advisable to make purchases from shipping lines or logistical organizations that have a good reputation.

Negotiate Terms and Conditions

Don’t be afraid to enter into negotiations with the vendor over the terms and conditions. It’s possible that you’ll be able to negotiate for more favorable costs or extra services, such as distribution and installation.

What Is The Price Difference For A 20ft And 40ft Container?

The price difference between a 20ft and 40 ft used container is large, in fact, the price of a 40ft used containers are almost twice the prices of 20ft used empty containers.

For example, a 40ft used empty dry cargo container costs between ₦2,000,000 – ₦2,500,000 while that of 20ft cost between ₦900,000 – ₦1,500,000. From the analysis you can see that the price difference between a 20ft and 40 ft used container would be between ₦1,000,000 to ₦1,100,000.

Conclusion: Prices of Used Empty 20ft and 40ft Containers in Nigeria 2024

To make a smart decision, you need to know the prices of used empty 20ft and 40ft containers in Nigeria. Prices for used, empty containers rely on where they are located, their age, size and type, paperwork, supply and demand, and the shipping company.

You can find the right used empty container for your needs if you consider these factors and follow the tips in this post.