Report Update Nov 1, 2024

Nigeria - Hand Saws - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Hand Saw Market 2024

Hand Saw Market Size in Nigeria

The Nigerien hand saw market skyrocketed to $X in 2022, increasing by 146% 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, however, saw a abrupt downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Hand Saw Exports

Exports from Nigeria

Hand saw exports from Nigeria surged to X kg in 2022, rising by 82% on the year before. In general, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 315%. The exports peaked at X kg in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, hand saw exports surged to $X in 2022. Overall, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 438% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Cameroon (X kg) was the main destination for hand saw exports from Nigeria, accounting for a 85% share of total exports. Moreover, hand saw exports to Cameroon exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), more than tenfold. Sao Tome and Principe (X kg) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cameroon amounted to -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+7.2% per year) and Sao Tome and Principe (-6.7% per year).

In value terms, Cote d'Ivoire ($X), Sao Tome and Principe ($X) and Cameroon ($X) were the largest markets for hand saw exported from Nigeria worldwide, together accounting for 90% of total exports.

In terms of the main countries of destination, Cote d'Ivoire, with a CAGR of +62.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hand saw export price stood at $X per ton in 2022, surging by 61% against the previous year. Over the period under review, the export price posted a strong expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 72%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+51.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Saw Imports

Imports into Nigeria

In 2022, approx. X tons of hand saws were imported into Nigeria; rising by 173% compared with the previous year's figure. In general, imports, however, continue to indicate a deep reduction. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, hand saw imports shrank to $X in 2022. Over the period under review, imports, however, saw a sharp decrease. The growth pace was the most rapid in 2019 when imports increased by 127%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of hand saw to Nigeria, accounting for a 92% share of total imports. It was followed by Portugal (X tons), with a 3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -11.0%.

In value terms, China ($X) constituted the largest supplier of hand saws to Nigeria, comprising 78% of total imports. The second position in the ranking was taken by Portugal ($X), with a 4.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at -21.5%.

Import Prices by Country

The average hand saw import price stood at $X per ton in 2022, falling by -68.4% against the previous year. Overall, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 61% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (-4.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hand saws in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 39% of global consumption. These countries were followed by the UK, Japan, Germany, Russia, Brazil, Mexico, Indonesia, the Netherlands, Turkey and France, which together accounted for a further 34%.

What are the largest producers of hand saws in the world?

The country with the largest volume of hand saw production was China, comprising approx. 51% of total volume. Moreover, hand saw production in China exceeded the figures recorded by the second-largest producer, India, sixfold. Japan ranked third in terms of total production with a 6.2% share.

What are the leading suppliers of hand saws to Nigeria?

In value terms, the largest hand saw suppliers to Nigeria were Italy, Portugal and India, together comprising 88% of total imports.

What is the average export price for hand saws in Nigeria?

In 2021, the average hand saw export price amounted to $10,925 per ton, declining by -5.7% against the previous year.

What is the average import price for hand saws in Nigeria?

The average hand saw import price stood at $5,482 per ton in 2021, with an increase of 75% against the previous year.

This report provides an in-depth analysis of the hand saw 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 25732010 - Hand saws (excluding hand saws with a self-contained motor)

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