Report Update Jan 1, 2025

Nigeria - Multi-Station Transfer Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Multi-Station Transfer Machine Market 2025

Multi-Station Transfer Machine Market Size in Nigeria

After two years of growth, the Nigerien multi-station transfer machine market decreased by -6.5% to $X in 2021. The market value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Multi-Station Transfer Machine Production in Nigeria

In value terms, multi-station transfer machine production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 3.2% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined slightly in the following year.

Multi-Station Transfer Machine Exports

Exports from Nigeria

In 2021, multi-station transfer machine exports from Nigeria amounted to less than X units, remaining constant against the previous year. Overall, exports recorded a relatively flat trend pattern.

In value terms, multi-station transfer machine exports stood at less than $X in 2021. In general, exports recorded a significant expansion. The smallest decline of -46.9% was in 2014. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Multi-Station Transfer Machine Imports

Imports into Nigeria

In 2021, supplies from abroad of multi-station transfer machines for working metal decreased by -25% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 983% against the previous year. Imports peaked at X units in 2020, and then contracted notably in the following year.

In value terms, multi-station transfer machine imports fell markedly to $X in 2021. In general, imports, however, saw a significant expansion. The growth pace was the most rapid in 2016 with an increase of 1,404% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of multi-station transfer machine to Nigeria, with a 70% share of total imports. Moreover, multi-station transfer machine imports from Germany exceeded the figures recorded by the second-largest supplier, Israel (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +84.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+62.7% per year) and Turkey (+2.5% per year).

In value terms, Germany ($X) constituted the largest supplier of multi-station transfer machines for working metal to Nigeria, comprising 70% of total imports. The second position in the ranking was held by Israel ($X), with a 25% share of total imports. It was followed by Turkey, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +115.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+70.6% per year) and Turkey (-11.5% per year).

Import Prices by Country

In 2021, the average multi-station transfer machine import price amounted to $X per unit, reducing by -28% against the previous year. Over the period under review, the import price saw a deep setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 64% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+12.9%), 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 multi-station transfer machines for working metal in the world?

The country with the largest volume of multi-station transfer machine consumption was the Netherlands, comprising approx. 46% of total volume. Moreover, multi-station transfer machine consumption in the Netherlands exceeded the figures recorded by the second-largest consumer, North Macedonia, fivefold. The third position in this ranking was occupied by China, with a 7.8% share.

What are the largest producers of multi-station transfer machines for working metal in the world?

The country with the largest volume of multi-station transfer machine production was the Netherlands, accounting for 68% of total volume. Moreover, multi-station transfer machine production in the Netherlands exceeded the figures recorded by the second-largest producer, China, ninefold. Italy ranked third in terms of total production with a 3.4% share.

What are the leading suppliers of multi-station transfer machines for working metal to Nigeria?

In value terms, Germany constituted the largest supplier of multi-station transfer machine to Nigeria, comprising 65% of total imports. The second position in the ranking was occupied by Israel, with a 2.5% share of total imports.

What is the average export price for multi-station transfer machines for working metal in Nigeria?

In 2016, the average multi-station transfer machine export price amounted to $10,418 per unit, therefore, remained relatively stable against the previous year.

What is the average import price for multi-station transfer machines for working metal in Nigeria?

The average multi-station transfer machine import price stood at $43,302 per unit in 2021, with a decrease of -62.8% against the previous year.

This report provides an in-depth analysis of the multi-station transfer machine 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 28411270 - Multi-station transfer machines for working metal

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