Nigeria - Machine-Tools For Drilling, Boring Or Milling Metal - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingMachine-Tool for Drilling Price in Nigeria - 2022
Contents:
- Machine-Tool for Drilling Price in Nigeria (CIF) - 2022
- Machine-Tool for Drilling Price in Nigeria (FOB) - 2022
- Machine-Tool for Drilling Imports in Nigeria
- Machine-Tool for Drilling Exports in Nigeria
Machine-Tool for Drilling Price in Nigeria (CIF) - 2022
In 2022, the average machine-tool for drilling import price amounted to $1,003 per unit, declining by -29.5% against the previous year. Over the period under review, the import price, however, enjoyed a temperate increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 3,373%. The import price peaked at $2,221 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($2,368 per unit), while the price for South Africa ($68 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+43.1%), while the prices for the other major suppliers experienced a decline.
Machine-Tool for Drilling Price in Nigeria (FOB) - 2022
The average machine-tool for drilling export price stood at $537 per unit in 2022, shrinking by -92.9% against the previous year. In general, the export price, however, continues to indicate prominent growth. The pace of growth appeared the most rapid in 2014 an increase of 3,929%. Over the period under review, the average export prices hit record highs at $15,893 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($662 per unit), while the average price for exports to Belgium ($3.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+29.5%), while the prices for the other major destinations experienced a decline.
Machine-Tool for Drilling Imports in Nigeria
In 2022, the amount of machine-tools for drilling, boring or milling metal imported into Nigeria skyrocketed to 12K units, growing by 43% against 2021. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 277%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, machine-tool for drilling imports amounted to $12M in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 287%. As a result, imports attained the peak of $16M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Machine-Tool for Drilling in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.1 | 0.1 | 3.0 | 2.8 | 203.7% |
| United Arab Emirates | 1.0 | 0.9 | 0.1 | 2.0 | 26.0% |
| South Korea | 0.2 | 0.1 | 0.2 | 1.1 | 76.5% |
| United States | 0.3 | 0.8 | 0.5 | 0.9 | 44.2% |
| China | 1.2 | 9.1 | 5.8 | 0.8 | -12.6% |
| India | 0.1 | 1.3 | 0.8 | 0.4 | 58.7% |
| United Kingdom | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| South Africa | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 1.3 | 3.8 | 1.2 | 3.5 | 39.1% |
| Total | 4.2 | 16.3 | 11.7 | 11.8 | 41.1% |
Top Suppliers of Machine-Tool for Drilling to Nigeria in 2022:
- Italy (2.5K units)
- China (2.2K units)
- United Kingdom (1.9K units)
- South Africa (1.8K units)
- United States (0.6K units)
- South Korea (0.6K units)
- United Arab Emirates (0.4K units)
- India (0.4K units)
Machine-Tool for Drilling Exports in Nigeria
In 2022, after two years of decline, there was significant growth in shipments abroad of machine-tools for drilling, boring or milling metal, when their volume increased by 750% to 17 units. Overall, exports, however, showed a abrupt decline. Over the period under review, the exports attained the maximum at 25 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, machine-tool for drilling exports shrank remarkably to $9.1K in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 389% against the previous year. As a result, the exports attained the peak of $15K, and then declined dramatically in the following year.
| Export of Machine-Tool for Drilling in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | 0.3 | 0.1 | 7.9 | 413.2% |
| Ghana | 0.9 | 0.8 | 1.7 | 0.7 | -8.0% |
| Italy | N/A | N/A | N/A | 0.3 | 0% |
| Cote d'Ivoire | 0.9 | 0.2 | 13.2 | 0.1 | -51.9% |
| Belgium | N/A | N/A | N/A | N/A | 0% |
| Democratic Republic of the Congo | N/A | 1.4 | N/A | N/A | 0% |
| Singapore | 1.3 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.3 | 0.1 | 0.1 | 0.0% |
| Total | 3.3 | 3.1 | 15.2 | 9.1 | 40.2% |
Top Export Markets for Machine-Tool for Drilling from Nigeria in 2022:
- India (12.0 units)
- Belgium (2.0 units)
- Ghana (1.0 units)
- Italy (1.0 units)
- Cote d'Ivoire (1.0 units)
This report provides an in-depth analysis of the machine-tool for drilling 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 28412213 - Numerically controlled drilling machines for working metal (excluding way-type unit head machines)
- Prodcom 28412217 - Numerically controlled knee-type milling machines for working metal (excluding boring-milling machines)
- Prodcom 28412223 - Numerically controlled tool-milling machines for working metal (excluding boring-milling machines, knee-type machines)
- Prodcom 28412225 - Numerically controlled milling machines for working metal (including plano-milling machines) (excluding boring-milling machines, knee-type, tool-milling machines)
- Prodcom 28412233 - Way-type unit heads for working metal by drilling, boring, m illing, threading or tapping
- Prodcom 28412235 - Non-numerically controlled drilling machines for working metal (excluding way-type unit head machines)
- Prodcom 28412240 - Numerically controlled boring and boring-milling machines for working metal (excluding drilling machines)
- Prodcom 28412260 - Non-numerically controlled boring and boring-milling machines for working metal (excluding drilling machines)
- Prodcom 28412270 - Non-numerically controlled milling machines for working metal (excluding boring-milling machines)
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- 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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
374
This report provides an in-depth analysis of the machine-tool for drilling market in Nigeria.
314
This report provides an in-depth analysis of the way-type unit head market in Nigeria.
234
This report provides an in-depth analysis of the market for non-numerically controlled boring machine in Nigeria.
304
This report provides an in-depth analysis of the metal threading machine market in Nigeria.
208
This report provides an in-depth analysis of the market for numerically controlled tool-milling machine in Nigeria.
285
This report provides an in-depth analysis of the market for numerically controlled knee-type milling machine in Nigeria.
296
This report provides an in-depth analysis of the market for numerically controlled drilling machine in Nigeria.
256
This report provides an in-depth analysis of the market for numerically controlled boring machine in Nigeria.
273
This report provides an in-depth analysis of the market for non-numerically controlled milling machine in Nigeria.
287
This report provides an in-depth analysis of the market for non-numerically controlled drilling machine in Nigeria.
849
In value terms, automatic goods-vending machines imports amounted to $X in 2016. In general, automatic goods-vending machines imports continue to indicate a mild downturn. Global automatic goods-ve...
1304
In value terms, automatic goods-vending machines exports amounted to $X in 2016. In general, automatic goods-vending machines exports continue to indicate a mild decrease. Over the period under rev...
1284
Global machine-tool for drilling imports amounted to X tons in 2016, descending by -X% against the previous year level. In general, machine-tool for drilling imports continue to indicate a mild...
942
Global machine-tool for drilling imports amounted to X tons in 2016, descending by -X% against the previous year level. In general, machine-tool for drilling imports continue to indicate a mild...
849
In value terms, automatic goods-vending machines imports amounted to $X in 2016. In general, automatic goods-vending machines imports continue to indicate a mild downturn. Global automatic goods-ve...
1304
In value terms, automatic goods-vending machines exports amounted to $X in 2016. In general, automatic goods-vending machines exports continue to indicate a mild decrease. Over the period under rev...
1284
Global machine-tool for drilling imports amounted to X tons in 2016, descending by -X% against the previous year level. In general, machine-tool for drilling imports continue to indicate a mild...
942
Global machine-tool for drilling imports amounted to X tons in 2016, descending by -X% against the previous year level. In general, machine-tool for drilling imports continue to indicate a mild...
