Report Update Nov 1, 2024

Nigeria - Machinery for Making or Repairing Footwear - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Footwear Making Machinery Market 2024

Footwear Making Machinery Market Size in Nigeria

After five years of growth, the Nigerien footwear making machinery market decreased by X% to $X in 2022. Over the period under review, consumption, however, posted strong growth. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted remarkably in the following year.

Footwear Making Machinery Production in Nigeria

In value terms, footwear making machinery production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Footwear making machinery production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Footwear Making Machinery Exports

Exports from Nigeria

In 2022, exports of machinery for making or repairing footwear from Nigeria shrank notably to X units, falling by X% against the year before. In general, exports saw a dramatic curtailment. The smallest decline of X% was in 2018. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, footwear making machinery exports stood at $X in 2022. Over the period under review, exports continue to indicate a precipitous slump. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Mali (X units) was the main destination for footwear making machinery exports from Nigeria, with a approx. X% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of volume to Mali amounted to X%.

In value terms, Mali ($X) also remains the key foreign market for machinery for making or repairing footwear exports from Nigeria.

From 2017 to 2022, the average annual growth rate of value to Mali was relatively modest.

Export Prices by Country

The average footwear making machinery export price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2017 to 2022, the rate of growth in terms of prices for Mali amounted to X% per year.

Footwear Making Machinery Imports

Imports into Nigeria

In 2022, supplies from abroad of machinery for making or repairing footwear decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then plummeted in the following year.

In value terms, footwear making machinery imports dropped significantly to $X in 2022. In general, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then declined sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of footwear making machinery to Nigeria, with a X% share of total imports. Moreover, footwear making machinery imports from China exceeded the figures recorded by the second-largest supplier, India (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Turkey (X% per year).

In value terms, China ($X) constituted the largest supplier of machinery for making or repairing footwear to Nigeria, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Turkey (X% per year).

Import Prices by Country

The average footwear making machinery import price stood at $X per unit in 2022, approximately equating the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, footwear making machinery import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machinery for making or repairing footwear in the world?

The countries with the highest volumes of in 2021 were Indonesia, Vietnam and Taiwan Chinese), together accounting for 62% of global consumption.

What are the largest producers of machinery for making or repairing footwear in the world?

The countries with the highest volumes of in 2021 were Taiwan Chinese), China and South Korea, together accounting for 80% of global production. Italy and Hong Kong SAR lagged somewhat behind, together comprising a further 13%.

What are the leading suppliers of machinery for making or repairing footwear to Nigeria?

In value terms, China constituted the largest supplier of footwear making machinery to Nigeria, comprising 94% of total imports. The second position in the ranking was occupied by India, with a 2.4% share of total imports.

What is the average export price for machinery for making or repairing footwear in Nigeria?

The average footwear making machinery export price stood at $9,020 per unit in 2021, growing by 20% against the previous year.

What is the average import price for machinery for making or repairing footwear in Nigeria?

In 2021, the average footwear making machinery import price amounted to $9,932 per unit, jumping by 25% against the previous year.

This report provides an in-depth analysis of the footwear making machinery 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 28943050 - Machinery for making/repairing footwear including skiving or pairing machines, machines for cutting leather into shapes, p erforating and pricking machines excluding sewing machines

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