Report Update Nov 1, 2024

Nigeria - Pliers, Pincers and Tweezers for Nonmedical Use - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Pliers And Pincers Market 2024

Pliers And Pincers Market Size in Nigeria

In 2021, the Nigerien pliers and pincers market decreased by -57.2% to $X, falling for the second year in a row after three years of growth. In general, consumption showed a abrupt setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Pliers And Pincers Exports

Exports from Nigeria

In 2021, the amount of pliers, pincers and tweezers for nonmedical use exported from Nigeria skyrocketed to X tons, rising by 1,027% on the previous year's figure. In general, exports showed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pliers and pincers exports soared to $X in 2021. Overall, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Benin (X tons) was the main destination for pliers and pincers exports from Nigeria, accounting for a 85% share of total exports. Moreover, pliers and pincers exports to Benin exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), tenfold.

From 2012 to 2021, the average annual growth rate of volume to Benin stood at +82.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+23.6% per year) and the Netherlands (+44.5% per year).

In value terms, Benin ($X) emerged as the key foreign market for pliers, pincers and tweezers for nonmedical use exports from Nigeria, comprising 64% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Benin totaled +92.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+7.2% per year) and the Netherlands (+26.8% per year).

Export Prices by Country

The average pliers and pincers export price stood at $X per ton in 2021, reducing by -73.3% against the previous year. Overall, the export price showed a pronounced decrease. The most prominent rate of growth was recorded in 2020 an increase of 120% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+41.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pliers And Pincers Imports

Imports into Nigeria

In 2021, overseas purchases of pliers, pincers and tweezers for nonmedical use decreased by -56.7% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 191% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, pliers and pincers imports declined sharply to $X in 2021. In general, imports saw a dramatic slump. The most prominent rate of growth was recorded in 2013 when imports increased by 267% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest pliers and pincers supplier to Nigeria, accounting for a 86% share of total imports. Moreover, pliers and pincers imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.1% per year) and India (-18.3% per year).

In value terms, China ($X), India ($X) and Germany ($X) constituted the largest pliers and pincers suppliers to Nigeria, with a combined 74% share of total imports. These countries were followed by South Africa, which accounted for a further 5.7%.

South Africa, with a CAGR of +1.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average pliers and pincers import price amounted to $X per ton, waning by -7.3% against the previous year. Over the period under review, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2014 an increase of 91% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pliers, pincers and tweezers for nonmedical use in the world?

China constituted the country with the largest volume of pliers and pincers consumption, accounting for 26% of total volume. Moreover, pliers and pincers consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by Japan, with a 6.9% share.

What are the largest producers of pliers, pincers and tweezers for nonmedical use in the world?

China constituted the country with the largest volume of pliers and pincers production, comprising approx. 61% of total volume. Moreover, pliers and pincers production in China exceeded the figures recorded by the second-largest producer, India, sixfold. The third position in this ranking was occupied by Japan, with a 5.8% share.

What are the leading suppliers of pliers, pincers and tweezers for nonmedical use to Nigeria?

In value terms, China constituted the largest supplier of pliers and pincers to Nigeria, comprising 56% of total imports. The second position in the ranking was occupied by India, with a 15% share of total imports. It was followed by Belgium, with a 13% share.

What are the leading importers of pliers, pincers and tweezers for nonmedical use from Nigeria?

In value terms, Benin $32) remains the key foreign market for pliers and pincers exports from Nigeria.

What is the average export price for pliers, pincers and tweezers for nonmedical use in Nigeria?

In 2020, the average pliers and pincers export price amounted to $8,399 per ton, falling by -64.7% against the previous year.

What is the average import price for pliers, pincers and tweezers for nonmedical use in Nigeria?

In 2020, the average pliers and pincers import price amounted to $14,774 per ton, declining by -4.4% against the previous year.

This report provides an in-depth analysis of the pliers and pincers 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 25733016 - Pliers, including cutting pliers, pincers and tweezers for nonmedical use and similar hand tools, of base 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 2012–2023
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