Report Update: Apr 1, 2024

Nigeria - Clutches And Shaft Couplings - Market Analysis, Forecast, Size, Trends And Insights

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Shaft Coupling Price in Nigeria - 2022

Shaft Coupling Price in Nigeria (CIF) - 2022

In 2022, the average shaft coupling import price amounted to $8,046 per ton, which is down by -30.7% against the previous year. In general, the import price recorded a abrupt descent. The pace of growth appeared the most rapid in 2015 an increase of 40% against the previous year. Over the period under review, average import prices attained the maximum at $27,222 per ton in 2016; however, from 2017 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 South Africa ($24,922 per ton), while the price for Israel ($2,337 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Shaft Coupling Price in Nigeria (FOB) - 2022

In 2022, the average shaft coupling export price amounted to $21,641 per ton, surging by 26% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, shaft coupling export price increased by +31.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 64% against the previous year. As a result, the export price reached the peak level of $28,865 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($172,152 per ton), while the average price for exports to Angola ($1,929 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 Ghana (+36.4%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports in Nigeria

In 2022, approx. 7.6K tons of clutches and shaft couplings were imported into Nigeria; with an increase of 347% against the year before. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, shaft coupling imports surged to $61M in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Shaft Coupling in Nigeria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1.2	7.0	11.1	19.4	152.9%
Germany	2.5	3.1	2.2	6.1	34.6%
United Kingdom	1.0	1.1	0.4	5.4	75.4%
South Africa	0.5	0.2	0.4	4.3	104.9%
India	0.1	0.4	0.4	3.7	233.2%
United States	2.1	3.4	1.7	3.3	16.3%
Malaysia	0.8	0.1	N/A	2.5	46.2%
Barbados	0.1	0.2	0.2	1.7	157.1%
Spain	N/A	0.1	0.2	1.6	300.0%
United Arab Emirates	0.3	0.2	N/A	1.3	63.0%
Taiwan (Chinese)	0.1	0.2	0.1	1.0	115.4%
Israel	N/A	0.1	0.1	0.6	144.9%
Norway	N/A	N/A	N/A	0.6	0%
Others	2.2	2.4	2.8	9.6	63.4%
Total	11.2	18.5	19.7	61.1	76.0%

Top Suppliers of Shaft Coupling to Nigeria in 2022:

China (1950.9 tons)
Germany (1080.9 tons)
United Kingdom (1000.2 tons)
Malaysia (469.6 tons)
United Arab Emirates (463.7 tons)
Barbados (432.1 tons)
Israel (277.5 tons)
Spain (255.1 tons)
Taiwan (Chinese) (251.2 tons)
India (174.0 tons)
South Africa (173.7 tons)
Norway (154.0 tons)
United States (140.7 tons)

Shaft Coupling Exports in Nigeria

In 2022, the amount of clutches and shaft couplings exported from Nigeria surged to 4.2 tons, rising by 243% against 2021 figures. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 481%. As a result, the exports reached the peak of 9.5 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, shaft coupling exports skyrocketed to $92K in 2022. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 501%. As a result, the exports attained the peak of $162K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Shaft Coupling in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cote d'Ivoire	3.6	31.1	5.0	28.2	98.6%
Kenya	0.3	13.4	3.5	19.9	304.8%
Italy	17.0	85.9	7.8	11.5	-12.2%
Netherlands	1.1	5.5	1.1	10.2	110.1%
Ghana	1.4	6.4	1.2	7.5	75.0%
South Korea	1.0	4.5	0.9	5.8	79.7%
Angola	0.2	0.6	N/A	0.4	26.0%
Others	2.2	15.1	1.8	8.4	56.3%
Total	27.1	162	21.2	91.9	50.2%

Top Export Markets for Shaft Coupling from Nigeria in 2022:

Kenya (1979.0 kg)
Netherlands (554.0 kg)
Italy (498.0 kg)
South Korea (454.0 kg)
Angola (198.0 kg)
Cote d'Ivoire (164.0 kg)
Ghana (90.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the shaft coupling 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 28152600 - Clutches and shaft couplings (including universal joints)

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