Report Update Jan 1, 2025

Nigeria - Blades for Construction Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Construction Equipment Blade Market 2025

Construction Equipment Blade Market Size in Nigeria

The Nigerien construction equipment blade market soared to $X in 2022, surging by 270% 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). Overall, consumption saw a significant expansion. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Construction Equipment Blade Exports

Exports from Nigeria

In 2021, shipments abroad of blades for construction equipment decreased by 0% to X units, falling for the second consecutive year after two years of decline. In general, exports recorded a dramatic contraction. The growth pace was the most rapid in 2017 with an increase of 1,213% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, construction equipment blade exports totaled $X in 2021. Over the period under review, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2017 with an increase of 3,635% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Kenya (X units) was the main destination for construction equipment blade exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kenya was relatively modest.

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

Export Prices by Country

The average construction equipment blade export price stood at $X per unit in 2021, approximately equating the previous year. In general, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 185%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Kenya.

From 2012 to 2021, the rate of growth in terms of prices for Cote d'Ivoire amounted to -47.6% per year.

Construction Equipment Blade Imports

Imports into Nigeria

In 2022, the amount of blades for construction equipment imported into Nigeria skyrocketed to X units, surging by 339% against the year before. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 437% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, construction equipment blade imports skyrocketed to $X in 2022. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2014 when imports increased by 492%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Singapore (X units) and Belgium (X units) were the main suppliers of construction equipment blade imports to Nigeria, together comprising 64% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +67.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), China ($X) and Singapore ($X) were the largest construction equipment blade suppliers to Nigeria, with a combined 49% share of total imports.

Belgium, with a CAGR of +65.0%, 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 more modest paces of growth.

Import Prices by Country

The average construction equipment blade import price stood at $X per unit in 2022, with a decrease of -26.2% against the previous year. Over the period under review, the import price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 an increase of 36% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+114.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for blades for construction equipment in the world?

The countries with the highest volumes of in 2021 were Mexico, the United States and Indonesia, together comprising 57% of global consumption.

What are the largest producers of blades for construction equipment in the world?

The country with the largest volume of construction equipment blade production was Mexico, comprising approx. 40% of total volume. Moreover, construction equipment blade production in Mexico exceeded the figures recorded by the second-largest producer, the UK, fourfold. China ranked third in terms of total production with an 8.6% share.

What are the leading suppliers of blades for construction equipment to Nigeria?

In value terms, the largest construction equipment blade suppliers to Nigeria were China, Germany and Belgium, with a combined 62% share of total imports.

What is the average export price for blades for construction equipment in Nigeria?

The average construction equipment blade export price stood at $10 per unit in 2021, remaining relatively unchanged against the previous year.

What is the average import price for blades for construction equipment in Nigeria?

In 2021, the average construction equipment blade import price amounted to $3.4 per unit, surging by 9.4% against the previous year.

This report provides an in-depth analysis of the construction equipment 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 28922800 - Blades for all types of construction equipment

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024