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Store → Machinery And Equipment → Metal-Forming Machinery And Machine Tools → Machines For Working Wire
Report Nigeria - Machines for Working Wire - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Mar 1, 2023

Nigeria - Machines for Working Wire - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Working Wire Machine Market 2022

Working Wire Machine Market Size in Nigeria

In 2021, the Nigerien working wire machine market decreased by -50.7% to $X, falling for the third year in a row after two years of growth. Overall, consumption showed a pronounced downturn. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Working Wire Machine Exports

Exports from Nigeria

Working wire machine exports from Nigeria contracted rapidly to X units in 2017, waning by -46.7% on the year before. Over the period under review, exports showed a significant decline. Over the period under review, the exports attained the maximum at X units in 2016, and then dropped notably in the following year.

In value terms, working wire machine exports dropped markedly to $X in 2017. Overall, exports faced a precipitous curtailment. The exports peaked at $X in 2016, and then shrank notably in the following year.

Exports by Country

India (X units) was the main destination for working wire machine exports from Nigeria, with a approx. 100% share of total exports.

From 2016 to 2017, the average annual rate of growth in terms of volume to India amounted to -46.7%.

In value terms, India ($X) also remains the key foreign market for working wire machine exports from Nigeria.

From 2016 to 2017, the average annual growth rate of value to India totaled -74.0%.

Export Prices by Country

In 2017, the average working wire machine export price amounted to $X per unit, reducing by -51% against the previous year. Over the period under review, the export price faced a significant contraction. The export price peaked at $X per unit in 2016, and then contracted significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2016 to 2017, the rate of growth in terms of prices for India amounted to -51.0% per year.

Working Wire Machine Imports

Imports into Nigeria

In 2021, purchases abroad of machines for working wire decreased by -47.9% to X units, falling for the third consecutive year after two years of growth. Overall, imports recorded a perceptible descent. The pace of growth was the most pronounced in 2017 with an increase of 114% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, working wire machine imports shrank remarkably to $X in 2021. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 181%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of working wire machine to Nigeria, with a 73% share of total imports. Moreover, working wire machine imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), tenfold. The third position in this ranking was taken by India (X units), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+11.9% per year) and India (+10.7% per year).

In value terms, China ($X) constituted the largest supplier of working wire machine to Nigeria, comprising 80% of total imports. The second position in the ranking was held by Turkey ($X), with a 6.9% share of total imports. It was followed by Germany, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-6.3% per year) and Germany (-17.7% per year).

Import Prices by Country

The average working wire machine import price stood at $X per unit in 2021, shrinking by -14.5% against the previous year. Overall, the import price saw a pronounced decline. The growth pace was the most rapid in 2016 when the average import price increased by 168%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for machines for working wire in the world?
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The United States constituted the country with the largest volume of working wire machine consumption, comprising approx. 35% of total volume. Moreover, working wire machine consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fivefold. The third position in this ranking was held by the Czech Republic, with a 7.4% share.
What are the largest producers of machines for working wire in the world?
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The country with the largest volume of working wire machine production was the United States, accounting for 45% of total volume. Moreover, working wire machine production in the United States exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was held by the Czech Republic, with a 7.2% share.
What are the leading suppliers of machines for working wire to Nigeria?
+
In value terms, China constituted the largest supplier of working wire machine to Nigeria, comprising 80% of total imports. The second position in the ranking was held by Turkey, with a 6.9% share of total imports. It was followed by Germany, with a 4.6% share.
What are the leading importers of machines for working wire from Nigeria?
+
In value terms, India remains the key foreign market for working wire machine exports from Nigeria.
What is the average export price for machines for working wire in Nigeria?
+
In 2017, the average working wire machine export price amounted to $3,778 per unit, dropping by -51% against the previous year.
What is the average import price for machines for working wire in Nigeria?
+
In 2021, the average working wire machine import price amounted to $8,532 per unit, shrinking by -14.5% against the previous year.

This report provides an in-depth analysis of the working wire 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 28413450 - Machines for working wire (excluding draw-benches, thread rolling 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
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

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
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
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
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
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
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
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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