Nigeria: Hide Repairing Machinery Market 2025

Hide Repairing Machinery Market Size in Nigeria

In 2022, after two years of decline, there was significant growth in the Nigerien hide repairing machinery market, when its value increased by 212% to $X. Overall, consumption, however, continues to indicate a sharp curtailment. Hide repairing machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Hide Repairing Machinery Exports

Exports from Nigeria

In 2018, the amount of machinery for making or repairing articles of hides, skins or leather exported from Nigeria stood at X units, approximately mirroring 2017 figures. Overall, exports saw a relatively flat trend pattern. The smallest decline of 99.9% was in 2017. The exports peaked in 2018 and are expected to retain growth in years to come.

In value terms, hide repairing machinery exports totaled $X in 2018. In general, exports saw a deep reduction. The smallest decline of 99.9% was in 2017. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2018, the exports stood at a somewhat lower figure.

Exports by Country

Benin (X units) was the main destination for hide repairing machinery exports from Nigeria, with a approx. 100% share of total exports.

From 2016 to 2018, the average annual rate of growth in terms of volume to Benin was relatively modest.

From 2016 to 2018, the average annual growth rate of value to Benin was relatively modest.

Export Prices by Country

In 2018, the average hide repairing machinery export price amounted to $X per unit, stabilizing at the previous year. Over the period under review, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2017 when the average export price decreased by 99.9%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2018, the export prices remained at a lower figure.

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

From 2016 to 2018, the rate of growth in terms of prices for Niger amounted to 0.0% per year.

Hide Repairing Machinery Imports

Imports into Nigeria

In 2022, after two years of decline, there was significant growth in supplies from abroad of machinery for making or repairing articles of hides, skins or leather, when their volume increased by 218% to X units. Overall, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 435%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hide repairing machinery imports skyrocketed to $X in 2022. Over the period under review, imports, however, faced a sharp reduction. The most prominent rate of growth was recorded in 2019 with an increase of 315%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest hide repairing machinery supplier to Nigeria, with a 74% share of total imports. Moreover, hide repairing machinery imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), ninefold. The third position in this ranking was taken by Italy (X units), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at -11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-20.3% per year) and Italy (-20.3% per year).

In value terms, Italy ($X) constituted the largest supplier of machinery for making or repairing articles of hides, skins or leather to Nigeria, comprising 66% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by Spain, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-18.1% per year) and Spain (-9.1% per year).

Import Prices by Country

In 2022, the average hide repairing machinery import price amounted to $X per unit, dropping by -4.5% against the previous year. Overall, the import price continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2013 when the average import price increased by 35%. The import price peaked at $X per unit 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 Italy ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+23.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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