Report Update Nov 1, 2024

Nigeria - Numerically Controlled Drilling Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in Nigeria

In 2021, the Nigerien numerically controlled drilling machine market decreased by -61.6% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, posted a significant expansion. Over the period under review, the market reached the peak level at $X in 2020, and then declined dramatically in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Nigeria

In 2016, overseas shipments of numerically controlled drilling machines for working metal decreased by 0% to X kg for the first time since 2013, thus ending a two-year declining trend. In general, exports recorded a sharp shrinkage. The smallest decline of 99.9% was in 2014. The exports peaked at X kg in 2013; however, from 2014 to 2016, the exports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine exports stood at $X in 2016. Overall, exports continue to indicate a significant decline. The smallest decline of 99.9% was in 2014. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2016, the exports remained at a lower figure.

Exports by Country

Benin (X kg) was the main destination for numerically controlled drilling machine exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2013 to 2016, the average annual growth rate of volume to Benin was relatively modest.

From 2013 to 2016, the average annual growth rate of value to Benin was relatively modest.

Export Prices by Country

The average numerically controlled drilling machine export price stood at $X per ton in 2016, remaining stable against the previous year. Over the period under review, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2014 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2016, the export prices failed to regain momentum.

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

From 2013 to 2016, the rate of growth in terms of prices for Cameroon amounted to 0.0% per year.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Nigeria

In 2021, purchases abroad of numerically controlled drilling machines for working metal decreased by -63.5% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 738% against the previous year. As a result, imports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, numerically controlled drilling machine imports shrank markedly to $X in 2021. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 990%. Imports peaked at $X in 2020, and then shrank rapidly in the following year.

Imports by Country

China (X tons), India (X tons) and Turkey (X tons) were the main suppliers of numerically controlled drilling machine imports to Nigeria, together comprising 87% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +205.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest numerically controlled drilling machine suppliers to Nigeria were Turkey ($X), China ($X) and India ($X), together accounting for 93% of total imports.

India, with a CAGR of +171.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average numerically controlled drilling machine import price amounted to $X per ton, surging by 27% against the previous year. Over the period under review, the import price, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by 62% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+77.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for numerically controlled drilling machines for working metal in the world?

The countries with the highest volumes of in 2021 were China, the United States and Taiwan Chinese), together comprising 33% of global consumption.

What are the largest producers of numerically controlled drilling machines for working metal in the world?

The countries with the highest volumes of in 2021 were China, the Netherlands and the United States, with a combined 32% share of global production.

What are the leading suppliers of numerically controlled drilling machines for working metal to Nigeria?

In value terms, China constituted the largest supplier of numerically controlled drilling machine to Nigeria, comprising 88% of total imports. The second position in the ranking was occupied by Turkey, with a 6.1% share of total imports. It was followed by India, with a 5.2% share.

What is the average export price for numerically controlled drilling machines for working metal in Nigeria?

The average numerically controlled drilling machine export price stood at $6,841 per ton in 2016, standing approx. at the previous year.

What is the average import price for numerically controlled drilling machines for working metal in Nigeria?

The average numerically controlled drilling machine import price stood at $14,759 per ton in 2021, with an increase of 24% against the previous year.

This report provides an in-depth analysis of the market for numerically controlled drilling machine 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 28412213 - Numerically controlled drilling machines for working metal (excluding way-type unit head 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