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

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