Nigeria: Metal Sawing Machine Market 2025

Metal Sawing Machine Market Size in Nigeria

In 2021, the Nigerien metal sawing machine market decreased by -56.4% to $X, falling for the third year in a row after two years of growth. In general, consumption, however, showed notable growth. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Metal Sawing Machine Exports

Exports from Nigeria

In 2021, metal sawing machine exports from Nigeria surged to X units, jumping by 3,300% compared with the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, metal sawing machine exports skyrocketed to $X in 2021. Overall, exports posted a perceptible expansion. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cameroon (X units) was the main destination for metal sawing machine exports from Nigeria, with a 85% share of total exports. Moreover, metal sawing machine exports to Cameroon exceeded the volume sent to the second major destination, Ghana (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cameroon totaled +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+8.0% per year) and Benin (-7.4% per year).

In value terms, Ghana ($X) remains the key foreign market for sawing or cutting-off machines for working metal exports from Nigeria, comprising 83% of total exports. The second position in the ranking was taken by Cameroon ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Ghana stood at +51.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (+15.7% per year) and Benin (-1.4% per year).

Export Prices by Country

The average metal sawing machine export price stood at $X per unit in 2021, with a decrease of -22.8% against the previous year. Overall, the export price, however, showed a measured increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 724% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ghana ($X per unit), while the average price for exports to Cameroon ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+35.5%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Sawing Machine Imports

Imports into Nigeria

In 2021, overseas purchases of sawing or cutting-off machines for working metal decreased by -63.8% to X units, falling for the third consecutive year after two years of growth. Overall, imports, however, posted a temperate increase. The growth pace was the most rapid in 2015 when imports increased by 525%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, metal sawing machine imports declined significantly to $X in 2021. Over the period under review, imports, however, enjoyed a modest increase. The growth pace was the most rapid in 2015 when imports increased by 173%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest metal sawing machine supplier to Nigeria, accounting for a 48% share of total imports. Moreover, metal sawing machine imports from China exceeded the figures recorded by the second-largest supplier, India (X units), threefold. Turkey (X units) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+52.2% per year) and Turkey (+18.0% per year).

In value terms, India ($X), China ($X) and Turkey ($X) were the largest metal sawing machine suppliers to Nigeria, with a combined 57% share of total imports. The United Arab Emirates, Thailand, Taiwan (Chinese) and Spain lagged somewhat behind, together accounting for a further 17%.

The United Arab Emirates, with a CAGR of +36.1%, 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 more modest paces of growth.

Import Prices by Country

The average metal sawing machine import price stood at $X per unit in 2021, surging by 63% against the previous year. Overall, the import price, however, showed a slight reduction. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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