Report Update Nov 1, 2024

Nigeria - Root or Tuber Harvesting Machines - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in Nigeria

After two years of growth, the Nigerien harvesting machinery market decreased by -6.5% to $X in 2021. Over the period under review, consumption, however, continues to indicate a moderate increase. Over the period under review, the market attained the peak level at $X in 2020, and then dropped in the following year.

Harvesting Machinery Production in Nigeria

In value terms, harvesting machinery production contracted to $X in 2021 estimated in export price. Overall, production, however, saw moderate growth. The pace of growth was the most pronounced in 2017 with an increase of 59% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then fell in the following year.

Harvesting Machinery Exports

Exports from Nigeria

In 2021, approx. less than X units of root or tuber harvesting machines were exported from Nigeria; standing approx. at 2020 figures. In general, exports saw a relatively flat trend pattern.

In value terms, harvesting machinery exports stood at less than $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern.

Harvesting Machinery Imports

Imports into Nigeria

In 2021, overseas purchases of root or tuber harvesting machines increased by 100% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2014 when imports increased by 500%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, harvesting machinery imports soared to $X in 2021. In general, imports recorded a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 421%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X units) constituted the largest harvesting machinery supplier to Nigeria, with a approx. 50% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Brazil was relatively modest.

In value terms, Brazil ($X) constituted the largest supplier of root or tuber harvesting machines to Nigeria, comprising 62% of total imports. The second position in the ranking was taken by China ($X), with a 6.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Brazil amounted to +52.5%.

Import Prices by Country

The average harvesting machinery import price stood at $X per unit in 2021, shrinking by -10% against the previous year. In general, the import price showed a slight reduction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 249% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+19.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for root or tuber harvesting machines in the world?

The countries with the highest volumes of in 2021 were Brazil, China and the United States, with a combined 40% share of global consumption. Italy, India, Japan, Russia, Poland, Pakistan, Germany, Indonesia, Bangladesh and Nigeria lagged somewhat behind, together accounting for a further 30%.

What are the largest producers of root or tuber harvesting machines in the world?

The countries with the highest volumes of in 2021 were Brazil, China and the United States, together accounting for 40% of global production. Italy, India, Germany, Japan, Poland, Pakistan, Russia, Indonesia, Bangladesh and Nigeria lagged somewhat behind, together comprising a further 32%.

What are the leading suppliers of root or tuber harvesting machines to Nigeria?

In value terms, Brazil constituted the largest supplier of harvesting machinery to Nigeria, comprising 66% of total imports. The second position in the ranking was occupied by Italy, with a 7.8% share of total imports.

What is the average import price for root or tuber harvesting machines in Nigeria?

In 2021, the average harvesting machinery import price amounted to $15,401 per unit, which is down by -19.2% against the previous year.

This report provides an in-depth analysis of the harvesting machinery 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 28305420 - Potato-diggers and potato harvesters
Prodcom 28305450 - Beet-topping machines and beet harvesters
Prodcom 28305480 - Root or tuber harvesting machines (excluding potato-diggers and potato harvesters, beet-topping machines and beet harvesters)

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