Report Update: Apr 1, 2024

Nigeria - Furniture, Bases And Covers For Sewing Machines - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Sewing Machine Furniture Price in Nigeria - 2022

Sewing Machine Furniture Price in Nigeria (CIF) - 2022

The average sewing machine furniture import price stood at $3,486 per ton in 2022, growing by 103% against the previous year. Overall, the import price showed perceptible growth. Over the period under review, average import prices reached the maximum at $7,595 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +6.8% per year.

Sewing Machine Furniture Price in Nigeria (FOB) - 2022

The average sewing machine furniture export price stood at $10,639 per ton in 2022, picking up by 95% against the previous year. In general, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 268% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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 France ($54,000 per ton), while the average price for exports to Tanzania ($1,038 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 Canada (+103.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Machine Furniture Imports in Nigeria

In 2022, supplies from abroad of furniture, bases and covers for sewing machines decreased by -55.7% to 5.2K tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 62%. As a result, imports attained the peak of 103K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sewing machine furniture imports fell to $18M in 2022. In general, imports saw a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 80% against the previous year. As a result, imports reached the peak of $201M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Sewing Machine Furniture in Nigeria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	N/A	N/A	N/A	18.2	0%
India	1.8	5.9	0.8	N/A	-33.3%
China	105	185	19.1	N/A	-57.3%
Others	4.2	9.5	0.3	N/A	-73.3%
Total	111	201	20.2	18.2	-45.3%

Top Suppliers of Sewing Machine Furniture to Nigeria in 2022:

United Arab Emirates (5.2K tons)

Sewing Machine Furniture Exports in Nigeria

In 2022, shipments abroad of furniture, bases and covers for sewing machines was finally on the rise to reach 1.5 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a dramatic decline.

In value terms, sewing machine furniture exports soared to $16K in 2022. Over the period under review, exports, however, saw a sharp descent.

Export of Sewing Machine Furniture in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	N/A	N/A	N/A	4.5	0%
Netherlands	N/A	N/A	N/A	3.3	0%
France	N/A	N/A	N/A	1.7	0%
Tanzania	N/A	N/A	N/A	1.1	0%
Ireland	N/A	N/A	N/A	0.2	0%
Cote d'Ivoire	65.5	29.9	N/A	N/A	-54.4%
Democratic Republic of the Congo	1.9	N/A	N/A	N/A	0%
Others	1.2	1.1	0.9	5.2	63.0%
Total	68.7	31.0	1.0	16.0	-38.5%

Top Export Markets for Sewing Machine Furniture from Nigeria in 2022:

Tanzania (1043.0 kg)
Canada (144.0 kg)
Netherlands (63.0 kg)
Ireland (63.0 kg)
France (32.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sewing machine furniture 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 28945260 - Furniture, bases and covers for sewing machines and parts thereof, other parts of sewing 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
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