Report Update Nov 1, 2024

Nigeria - Band Saw Blades - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Band Saw Blade Market 2024

Band Saw Blade Market Size in Nigeria

The Nigerien band saw blade market expanded significantly to $X in 2021, with an increase of 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a abrupt decrease. Band saw blade consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Band Saw Blade Exports

Exports from Nigeria

In 2021, shipments abroad of band saw blades decreased by -88.2% to X kg, falling for the fifth year in a row after two years of growth. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by 421%. Over the period under review, the exports attained the peak figure at X kg in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, band saw blade exports fell dramatically to $X in 2021. Over the period under review, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 411% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ghana (X kg) and Benin (X kg) were the main destinations of band saw blade exports from Nigeria. Moreover, band saw blade exports in Ghana exceeded the figures recorded by the second-largest exporter, Benin, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Benin (with a CAGR of -10.0%).

In value terms, Ghana ($X) remains the key foreign market for band saw blades exports from Nigeria, comprising 79% of total exports. The second position in the ranking was taken by Benin ($X), with a 4.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Ghana was relatively modest.

Export Prices by Country

In 2021, the average band saw blade export price amounted to $X per ton, jumping by 33% against the previous year. In general, the export price enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2018 an increase of 143% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Benin totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+13.3%).

Band Saw Blade Imports

Imports into Nigeria

In 2021, imports of band saw blades into Nigeria rose significantly to X tons, growing by 14% against the previous year. Over the period under review, imports, however, recorded a deep setback. The growth pace was the most rapid in 2019 when imports increased by 191% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, band saw blade imports contracted to $X in 2021. Overall, imports, however, recorded a abrupt decline. The growth pace was the most rapid in 2019 with an increase of 121%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of band saw blade to Nigeria, accounting for a 66% share of total imports. Moreover, band saw blade imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. Singapore (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+15.7% per year) and Singapore (-6.5% per year).

In value terms, China ($X), India ($X) and Portugal ($X) constituted the largest band saw blade suppliers to Nigeria, with a combined 44% share of total imports. These countries were followed by Belgium, Sweden, Singapore and Germany, which together accounted for a further 13%.

Belgium, with a CAGR of +27.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average band saw blade import price stood at $X per ton in 2021, declining by -17.9% against the previous year. Over the period under review, the import price showed a perceptible downturn. The pace of growth was the most pronounced in 2014 an increase of 75%. The import price peaked at $X per ton in 2015; however, from 2016 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 Sweden ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for band saw blades in the world?

China constituted the country with the largest volume of band saw blade consumption, accounting for 29% of total volume. Moreover, band saw blade consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. India ranked third in terms of total consumption with a 9.6% share.

What are the largest producers of band saw blades in the world?

China constituted the country with the largest volume of band saw blade production, accounting for 29% of total volume. Moreover, band saw blade production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. Germany ranked third in terms of total production with a 10% share.

What are the leading suppliers of band saw blades to Nigeria?

In value terms, India constituted the largest supplier of band saw blade to Nigeria, comprising 44% of total imports. The second position in the ranking was occupied by China, with a 20% share of total imports. It was followed by Sweden, with a 7.5% share.

What are the leading importers of band saw blades from Nigeria?

In value terms, Ghana $576) remains the key foreign market for band saw blade exports from Nigeria, comprising 93% of total exports. The second position in the ranking was occupied by Benin $38), with a 6.2% share of total exports.

What is the average export price for band saw blades in Nigeria?

The average band saw blade export price stood at $19,726 per ton in 2021, waning by -9.4% against the previous year.

What is the average import price for band saw blades in Nigeria?

In 2021, the average band saw blade import price amounted to $1,403 per ton, picking up by 14% against the previous year.

This report provides an in-depth analysis of the band saw blade 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 25732020 - Band saw blades

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