Report Update Nov 1, 2024

Nigeria - Mattocks, Picks, Hoes and Rakes - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Mattocks And Rakes Market 2024

Mattocks And Rakes Market Size in Nigeria

The Nigerien mattocks and rakes market skyrocketed to $X in 2022, with an increase of 30% against the previous year. In general, consumption enjoyed a prominent expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Mattocks And Rakes Production in Nigeria

In value terms, mattocks and rakes production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed strong growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 240%. Mattocks and rakes production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Mattocks And Rakes Exports

Exports from Nigeria

In 2022, overseas shipments of mattocks, picks, hoes and rakes decreased by -29.8% to X kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 616% against the previous year. Over the period under review, the exports attained the peak figure at X kg in 2021, and then declined dramatically in the following year.

In value terms, mattocks and rakes exports dropped rapidly to $X in 2022. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 470% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell significantly in the following year.

Exports by Country

Niger (X kg) was the main destination for mattocks and rakes exports from Nigeria, with a 64% share of total exports. Moreover, mattocks and rakes exports to Niger exceeded the volume sent to the second major destination, Benin (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume to Niger amounted to +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+146.6% per year) and Ghana (-5.9% per year).

In value terms, Niger ($X) remains the key foreign market for mattocks, picks, hoes and rakes exports from Nigeria, comprising 83% of total exports. The second position in the ranking was taken by Benin ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Niger stood at +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+69.1% per year) and Ghana (-13.6% per year).

Export Prices by Country

In 2022, the average mattocks and rakes export price amounted to $X per ton, picking up by 10% against the previous year. In general, the export price recorded a notable increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 84%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($X per ton), while the average price for exports to Ghana ($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 Niger (+11.7%), while the prices for the other major destinations experienced a decline.

Mattocks And Rakes Imports

Imports into Nigeria

In 2022, mattocks and rakes imports into Nigeria soared to X tons, picking up by 288% compared with the previous year's figure. Over the period under review, imports recorded a strong expansion. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, mattocks and rakes imports surged to $X in 2022. In general, imports, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2014 when imports increased by 164% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main mattocks and rakes supplier to Nigeria, accounting for a approx. 98% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +7.3%.

In value terms, China ($X) constituted the largest supplier of mattocks, picks, hoes and rakes to Nigeria.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -2.1%.

Import Prices by Country

In 2022, the average mattocks and rakes import price amounted to $X per ton, reducing by -35.3% against the previous year. Overall, the import price saw a deep setback. The pace of growth was the most pronounced in 2015 when the average import price increased by 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -8.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mattocks, picks, hoes and rakes in the world?

The United States constituted the country with the largest volume of mattocks and rakes consumption, comprising approx. 15% of total volume. Moreover, mattocks and rakes consumption in the United States exceeded the figures recorded by the second-largest consumer, Indonesia, twofold. India ranked third in terms of total consumption with a 6.1% share.

What are the largest producers of mattocks, picks, hoes and rakes in the world?

China constituted the country with the largest volume of mattocks and rakes production, comprising approx. 55% of total volume. Moreover, mattocks and rakes production in China exceeded the figures recorded by the second-largest producer, India, sixfold. The third position in this ranking was occupied by Mexico, with a 6.5% share.

What are the leading suppliers of mattocks, picks, hoes and rakes to Nigeria?

In value terms, China constituted the largest supplier of mattocks and rakes to Nigeria.

What are the leading importers of mattocks, picks, hoes and rakes from Nigeria?

In value terms, the Netherlands $399) emerged as the key foreign market for mattocks and rakes exports from Nigeria, comprising 86% of total exports. The second position in the ranking was occupied by Benin $41), with an 8.8% share of total exports.

What is the average export price for mattocks, picks, hoes and rakes in Nigeria?

The average mattocks and rakes export price stood at $3,466 per ton in 2021, growing by 15% against the previous year.

What is the average import price for mattocks, picks, hoes and rakes in Nigeria?

In 2021, the average mattocks and rakes import price amounted to $264 per ton, falling by -44.1% against the previous year.

This report provides an in-depth analysis of the mattocks and rakes 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 25731030 - Mattocks, picks, hoes and rakes

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