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Report Nigeria - Non-Numerically Controlled Horizontal Lathes, for Removing Metal - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

Nigeria - Non-Numerically Controlled Horizontal Lathes, for Removing Metal - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Non-Numerically Controlled Lathe Market 2025

Non-Numerically Controlled Lathe Market Size in Nigeria

The Nigerien non-numerically controlled lathe market contracted markedly to $X in 2021, with a decrease of -71% 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 showed a drastic downturn. As a result, consumption reached the peak level of $X, and then shrank notably in the following year.

Non-Numerically Controlled Lathe Exports

Exports from Nigeria

In 2020, approx. X units of non-numerically controlled horizontal lathes, for removing metal were exported from Nigeria; remaining constant against 2019 figures. In general, exports continue to indicate a relatively flat trend pattern. The smallest decline of 99.9% was in 2016. Over the period under review, the non-numerically controlled laexports attained the maximum in 2020 and are likely to continue growth in the near future.

In value terms, non-numerically controlled lathe exports stood at $X in 2020. Overall, exports saw a remarkable increase. The smallest decline of 99.9% was in 2019. The exports peaked in 2020 and are expected to retain growth in the immediate term.

Exports by Country

Cote d'Ivoire (X units) was the main destination for non-numerically controlled lathe exports from Nigeria, with a approx. 100% share of total exports.

From 2015 to 2020, the average annual rate of growth in terms of volume to Cote d'Ivoire was relatively modest.

From 2015 to 2020, the average annual growth rate of value to Cote d'Ivoire was relatively modest.

Export Prices by Country

The average non-numerically controlled lathe export price stood at $X per unit in 2020, therefore, remained relatively stable against the previous year. In general, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average export price decreased by 99.9%. Over the period under review, the average export prices reached the maximum in 2020 and is likely to see gradual growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2015 to 2020, the rate of growth in terms of prices for Cote d'Ivoire amounted to 0.0% per year.

Non-Numerically Controlled Lathe Imports

Imports into Nigeria

In 2021, the amount of non-numerically controlled horizontal lathes, for removing metal imported into Nigeria fell sharply to X units, waning by -78% against the previous year. Overall, imports faced a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 255% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, non-numerically controlled lathe imports contracted significantly to $X in 2021. In general, imports showed a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 195%. Imports peaked at $X in 2020, and then shrank significantly in the following year.

Imports by Country

The United States (X units), India (X units) and the UK (X units) were the main suppliers of non-numerically controlled lathe imports to Nigeria, with a combined 56% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +34.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-numerically controlled lathe suppliers to Nigeria were the United States ($X), South Africa ($X) and Slovakia ($X), together comprising 47% of total imports.

Among the main suppliers, South Africa, with a CAGR of +53.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-numerically controlled lathe import price stood at $X per unit in 2021, rising by 47% against the previous year. Over the period under review, the import price recorded buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 69%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Africa ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China remains the largest non-numerically controlled lathe consuming country worldwide, comprising approx. 22% of total volume. Moreover, non-numerically controlled lathe consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 7% share.
China remains the largest non-numerically controlled lathe producing country worldwide, comprising approx. 35% of total volume. Moreover, non-numerically controlled lathe production in China exceeded the figures recorded by the second-largest producer, India, threefold. Pakistan ranked third in terms of total production with a 5.3% share.
In value terms, the UK constituted the largest supplier of non-numerically controlled lathe to Nigeria, comprising 48% of total imports. The second position in the ranking was occupied by India, with a 24% share of total imports. It was followed by China, with a 9.5% share.
The average non-numerically controlled lathe export price stood at $1,284 per unit in 2015, approximately mirroring the previous year.
In 2020, the average non-numerically controlled lathe import price amounted to $1,656 per unit, increasing by 11% against the previous year.

This report provides an in-depth analysis of the non-numerically controlled lathe 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 28412140 - Non-numerically controlled horizontal lathes, for removing 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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