Nigeria: Non-Electric Pulley Tackle Market 2025

Non-Electric Pulley Tackle Market Size in Nigeria

In 2022, the Nigerien non-electric pulley tackle market decreased by -22.7% to $X, falling for the second consecutive year after five years of growth. In general, consumption, however, showed a buoyant increase. Non-electric pulley tackle consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Non-Electric Pulley Tackle Production in Nigeria

In value terms, non-electric pulley tackle production soared to $X in 2022 estimated in export price. Over the period under review, production saw a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 191% against the previous year. Non-electric pulley tackle production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Non-Electric Pulley Tackle Exports

Exports from Nigeria

In 2022, approx. X units of pulley tackle and hoists, non-powered by electric motor were exported from Nigeria; jumping by 37% on the previous year. Over the period under review, exports posted a perceptible expansion. The pace of growth was the most pronounced in 2017 when exports increased by 1,417% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-electric pulley tackle exports shrank dramatically to $X in 2022. Overall, exports enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2017 with an increase of 1,708% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for non-electric pulley tackle exports from Nigeria, accounting for a 78% share of total exports. Moreover, non-electric pulley tackle exports to the United States exceeded the volume sent to the second major destination, Cote d'Ivoire (X units), tenfold. The third position in this ranking was held by Ghana (X units), with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+11.6% per year) and Ghana (+7.2% per year).

In value terms, the United States ($X) remains the key foreign market for pulley tackle and hoists, non-powered by electric motor exports from Nigeria, comprising 87% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 7.4% share of total exports. It was followed by Ghana, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+7.2% per year) and Ghana (+2.7% per year).

Export Prices by Country

The average non-electric pulley tackle export price stood at $X per unit in 2022, waning by -45.2% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 212% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Niger ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+306.5%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Electric Pulley Tackle Imports

Imports into Nigeria

In 2022, purchases abroad of pulley tackle and hoists, non-powered by electric motor decreased by -83.3% to X units, falling for the third year in a row after six years of growth. Overall, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2015 with an increase of 244%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, non-electric pulley tackle imports dropped sharply to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 199%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and New Zealand (X units) were the main suppliers of non-electric pulley tackle imports to Nigeria, with a combined 71% share of total imports. The United Arab Emirates, Japan, Portugal, the UK and Austria lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +75.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric pulley tackle suppliers to Nigeria were China ($X), the UK ($X) and the United Arab Emirates ($X), with a combined 54% share of total imports. New Zealand, Japan, Portugal, Germany and Austria lagged somewhat behind, together comprising a further 30%.

Portugal, with a CAGR of +70.1%, recorded the highest growth rate of 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 2022, the average non-electric pulley tackle import price amounted to $X per unit, surging by 36% against the previous year. Over the period under review, the import price, however, saw a abrupt slump. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, 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 the UK ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :