Report Update Nov 1, 2024

Nigeria - Sawing or Cutting-Off Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Metal Sawing Machine Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for sawing or cutting-off machines for working metal in the world?

China remains the largest metal sawing machine consuming country worldwide, comprising approx. 24% of total volume. Moreover, metal sawing machine consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by Japan, with a 5.6% share.

What are the largest producers of sawing or cutting-off machines for working metal in the world?

China constituted the country with the largest volume of metal sawing machine production, comprising approx. 65% of total volume. Moreover, metal sawing machine production in China exceeded the figures recorded by the second-largest producer, Taiwan Chinese), ninefold. The third position in this ranking was occupied by Japan, with a 5.6% share.

What are the leading suppliers of sawing or cutting-off machines for working metal to Nigeria?

In value terms, China constituted the largest supplier of metal sawing machine to Nigeria, comprising 74% of total imports. The second position in the ranking was occupied by India, with a 23% share of total imports.

What is the average export price for sawing or cutting-off machines for working metal in Nigeria?

In 2020, the average metal sawing machine export price amounted to $286 per unit, with an increase of 120% against the previous year.

What is the average import price for sawing or cutting-off machines for working metal in Nigeria?

In 2020, the average metal sawing machine import price amounted to $84 per unit, jumping by 16% against the previous year.

This report provides an in-depth analysis of the metal sawing machine 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 28412470 - Sawing or cutting-off machines for working 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