Report Update Nov 1, 2024

Nigeria - Steam or Sand Blasting Machines and Similar Jet-Projecting Machines - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Nigeria

In 2021, the Nigerien steam blasting machine market increased by 408% to $X, rising for the fourth year in a row after three years of decline. Over the period under review, consumption showed a significant increase. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Steam Blasting Machine Exports

Exports from Nigeria

Steam blasting machine exports from Nigeria dropped significantly to X units in 2021, which is down by -67.6% compared with 2020. In general, exports showed a sharp curtailment. The growth pace was the most rapid in 2020 when exports increased by 294%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, steam blasting machine exports reduced remarkably to $X in 2021. Over the period under review, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 263%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X units) and Cote d'Ivoire (X units) were the main destinations of steam blasting machine exports from Nigeria.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of +27.7%).

In value terms, Cote d'Ivoire ($X) and South Korea ($X) were the largest markets for steam blasting machine exported from Nigeria worldwide.

In terms of the main countries of destination, Cote d'Ivoire, with a CAGR of +21.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the average steam blasting machine export price amounted to $X per unit, which is down by -28.1% against the previous year. Over the period under review, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by 359%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to South Korea stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+256.2%), while the prices for the other major destinations experienced a decline.

Steam Blasting Machine Imports

Imports into Nigeria

In 2021, overseas purchases of steam or sand blasting machines and similar jet-projecting machines increased by 412% to X units, rising for the fourth consecutive year after three years of decline. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2014 with an increase of 513% against the previous year. 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, steam blasting machine imports soared to $X in 2021. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of steam blasting machine to Nigeria, accounting for a 72% share of total imports. Moreover, steam blasting machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was taken by Italy (X units), with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +59.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.9% per year) and Italy (+56.3% per year).

In value terms, China ($X) constituted the largest supplier of steam or sand blasting machines and similar jet-projecting machines to Nigeria, comprising 89% of total imports. The second position in the ranking was taken by Italy ($X), with a 0.8% share of total imports. It was followed by Niger, with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +67.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.8% per year) and Niger (0.0% per year).

Import Prices by Country

The average steam blasting machine import price stood at $X per unit in 2021, with a decrease of -4% against the previous year. In general, the import price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2015 an increase of 160% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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 China ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+25.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for steam or sand blasting machines and similar jet-projecting machines in the world?

The countries with the highest volumes of steam blasting machine consumption in 2020 were China, the United States and Japan, with a combined 47% share of global consumption. These countries were followed by Italy, Brazil, Mexico, Germany, Turkey, France, the UK, South Korea, Russia and Saudi Arabia, which together accounted for a further 30%.

What are the largest producers of steam or sand blasting machines and similar jet-projecting machines in the world?

The country with the largest volume of steam blasting machine production was China, accounting for 41% of total volume. Moreover, steam blasting machine production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. The third position in this ranking was occupied by Japan, with a 7.3% share.

What are the leading suppliers of steam or sand blasting machines and similar jet-projecting machines to Nigeria?

In value terms, China constituted the largest supplier of steam blasting machine to Nigeria, comprising 86% of total imports. The second position in the ranking was occupied by Germany, with a 4.2% share of total imports. It was followed by South Korea, with a 4% share.

What are the leading importers of steam or sand blasting machines and similar jet-projecting machines from Nigeria?

In value terms, Cote d'Ivoire remains the key foreign market for steam blasting machine exports from Nigeria, comprising 55% of total exports. The second position in the ranking was occupied by Democratic Republic of the Congo $192), with a 0.6% share of total exports.

What is the average export price for steam or sand blasting machines and similar jet-projecting machines in Nigeria?

In 2020, the average steam blasting machine export price amounted to $135 per unit, which is down by -3% against the previous year.

What is the average import price for steam or sand blasting machines and similar jet-projecting machines in Nigeria?

In 2020, the average steam blasting machine import price amounted to $141 per unit, falling by -26.3% against the previous year.

This report provides an in-depth analysis of the steam blasting 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 28292230 - Steam or sand blasting machines and similar jet-projecting machines (excluding fire extinguishers, spray guns and similar appliances)

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