Report Update Nov 1, 2024

Nigeria - Self-Propelled Coal or Rock Cutters and Tunnelling Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Nigeria

In 2021, the Nigerien self-propelled rock cutter market increased by 103% to $X, rising for the second year in a row after three years of decline. Overall, consumption showed a measured expansion. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Self-Propelled Rock Cutter Production in Nigeria

In value terms, self-propelled rock cutter production shrank sharply to $X in 2021 estimated in export price. In general, production showed a deep setback. Self-propelled rock cutter production peaked at $X in 2020, and then dropped significantly in the following year.

Self-Propelled Rock Cutter Exports

Exports from Nigeria

For the eighth consecutive year, Nigeria recorded growth in shipments abroad of self-propelled coal or rock cutters and tunnelling machinery, which increased by 18% to X units in 2021. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2018 with an increase of 767% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, self-propelled rock cutter exports surged to $X in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 607% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Ghana (X units) was the main destination for self-propelled rock cutter exports from Nigeria, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Ghana amounted to +159.0%.

In value terms, Ghana ($X) also remains the key foreign market for self-propelled coal or rock cutters and tunnelling machinery exports from Nigeria.

From 2012 to 2021, the average annual rate of growth in terms of value to Ghana amounted to +82.4%.

Export Prices by Country

In 2021, the average self-propelled rock cutter export price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2017 to 2021, the rate of growth in terms of prices for Ghana amounted to +7.1% per year.

Self-Propelled Rock Cutter Imports

Imports into Nigeria

In 2021, the amount of self-propelled coal or rock cutters and tunnelling machinery imported into Nigeria skyrocketed to X units, rising by 319% on the year before. Over the period under review, imports saw prominent growth. Imports peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, self-propelled rock cutter imports surged to $X in 2021. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 511%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and Italy (X units) were the main suppliers of self-propelled rock cutter imports to Nigeria, together accounting for 81% of total imports. These countries were followed by South Korea, Finland and the UK, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +164.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of self-propelled coal or rock cutters and tunnelling machinery to Nigeria, comprising 32% of total imports. The second position in the ranking was held by South Korea ($X), with a 9.7% share of total imports. It was followed by Finland, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +71.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+71.3% per year) and Finland (-63.3% per year).

Import Prices by Country

In 2021, the average self-propelled rock cutter import price amounted to $X per unit, declining by -34.4% against the previous year. Over the period under review, the import price, however, recorded modest growth. The pace of growth was the most pronounced in 2013 an increase of 79%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 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 Germany ($X per unit), while the price for the United States ($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 UK (+76.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for self-propelled coal or rock cutters and tunnelling machinery in the world?

The countries with the highest volumes of self-propelled rock cutter consumption in 2020 were New Zealand, Sweden and Japan, with a combined 59% share of global consumption. France, Saudi Arabia, India, Iran, South Korea, Poland, Azerbaijan, Turkey and Australia lagged somewhat behind, together comprising a further 26%.

What are the largest producers of self-propelled coal or rock cutters and tunnelling machinery in the world?

The countries with the highest volumes of self-propelled rock cutter production in 2020 were New Zealand, Sweden and Japan, with a combined 69% share of global production. These countries were followed by Finland, India, Austria, Iran, France, China and Azerbaijan, which together accounted for a further 23%.

What are the leading suppliers of self-propelled coal or rock cutters and tunnelling machinery to Nigeria?

In value terms, India, China and the United States were the largest self-propelled rock cutter suppliers to Nigeria, together comprising 74% of total imports.

What are the leading importers of self-propelled coal or rock cutters and tunnelling machinery from Nigeria?

In value terms, Benin remains the key foreign market for self-propelled rock cutter exports from Nigeria.

What is the average export price for self-propelled coal or rock cutters and tunnelling machinery in Nigeria?

The average self-propelled rock cutter export price stood at $1,750 per unit in 2018, picking up by 37% against the previous year.

What is the average import price for self-propelled coal or rock cutters and tunnelling machinery in Nigeria?

In 2020, the average self-propelled rock cutter import price amounted to $14,626 per unit, with a decrease of -50.4% against the previous year.

This report provides an in-depth analysis of the self-propelled rock cutter 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 28921233 - Self-propelled coal or rock cutters and tunnelling machinery

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