Nigeria - Hand-Operated Drilling, Threading or Tapping Tools - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hand-Operated Drilling, Threading or Tapping Tool in Nigeria - 2022
Contents:
- Price for Hand-Operated Drilling, Threading or Tapping Tool in Nigeria (CIF) - 2022
- Price for Hand-Operated Drilling, Threading or Tapping Tool in Nigeria (FOB) - 2022
- Imports of Hand-Operated Drilling, Threading or Tapping Tool in Nigeria
- Exports of Hand-Operated Drilling, Threading or Tapping Tool in Nigeria
Price for Hand-Operated Drilling, Threading or Tapping Tool in Nigeria (CIF) - 2022
In 2022, the average import price for hand-operated drilling, threading or tapping tools amounted to $3,562 per ton, with an increase of 35% against the previous year. Over the period under review, the import price saw slight growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 64% against the previous year. Over the period under review, average import prices reached the peak figure at $9,652 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($8,488 per ton), while the price for Australia ($966 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Drilling, Threading or Tapping Tool in Nigeria (FOB) - 2022
The average export price for hand-operated drilling, threading or tapping tools stood at $14,699 per ton in 2022, waning by -60% against the previous year. Overall, the export price recorded a pronounced curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 165%. As a result, the export price attained the peak level of $36,742 per ton, and then contracted dramatically in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($56,218 per ton), while the average price for exports to South Africa ($2,375 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+23.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Hand-Operated Drilling, Threading or Tapping Tool in Nigeria
In 2022, overseas purchases of hand-operated drilling, threading or tapping tools decreased by -4.1% to 222 tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 27%. As a result, imports attained the peak of 327 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of hand-operated drilling, threading or tapping tools skyrocketed to $792K in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 62%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Hand-Operated Drilling, Threading or Tapping Tool in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 212 | 287 | 101 | 411 | 24.7% |
| United States | 20.7 | 162 | 233 | 121 | 80.1% |
| Germany | 7.0 | 29.1 | 43.4 | 64.2 | 109.3% |
| Australia | 10.3 | 17.5 | 10.9 | 18.6 | 21.8% |
| India | 6.1 | 20.9 | 74.0 | 14.1 | 32.2% |
| Turkey | 2.0 | 18.0 | 8.1 | 13.3 | 88.1% |
| Argentina | 5.0 | 6.7 | 7.2 | 10.8 | 29.3% |
| Italy | 2.6 | 11.5 | 4.4 | 8.7 | 49.6% |
| Cote d'Ivoire | N/A | N/A | 22.0 | N/A | 0% |
| Others | 157 | 133 | 109 | 131 | -5.9% |
| Total | 423 | 686 | 612 | 792 | 23.3% |
Top Suppliers of Hand-Operated Drilling, Threading or Tapping Tool to Nigeria in 2022:
- China (120.8 tons)
- United States (28.9 tons)
- Australia (19.3 tons)
- Turkey (8.6 tons)
- Argentina (7.7 tons)
- Germany (7.6 tons)
- Italy (5.0 tons)
- India (4.3 tons)
Exports of Hand-Operated Drilling, Threading or Tapping Tool in Nigeria
For the fourth consecutive year, Nigeria recorded growth in shipments abroad of hand-operated drilling, threading or tapping tools, which increased by 62% to 710 kg in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of hand-operated drilling, threading or tapping tools shrank markedly to $10K in 2022. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 237%. As a result, the exports reached the peak of $16K, and then dropped notably in the following year.
| Export of Hand-Operated Drilling, Threading or Tapping Tool in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 3.0 | 1.8 | 2.9 | 4.4 | 13.6% |
| Democratic Republic of the Congo | 0.2 | 0.6 | 1.1 | 2.2 | 122.4% |
| Benin | 1.4 | 0.6 | 1.2 | 2.2 | 16.3% |
| China | N/A | 1.6 | N/A | N/A | 0% |
| Others | 0.8 | 0.2 | 10.9 | 1.7 | 28.6% |
| Total | 5.4 | 4.8 | 16.1 | 10.4 | 24.4% |
Top Export Markets for Hand-Operated Drilling, Threading or Tapping Tool from Nigeria in 2022:
- Benin (399.0 kg)
- Democratic Republic of the Congo (211.0 kg)
- Ghana (78.0 kg)
This report provides an in-depth analysis of the market for hand-operated drilling, threading or tapping tool 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 25733053 - Drilling, threading or tapping hand tools excluding interchangeable hand tools, machine-tools or power-operated hand tools, pneumatic tools or hand tools with a selfcontained motor
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
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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
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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
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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
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