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Store → Machinery And Equipment → Metal-Forming Machinery And Machine Tools → Planing, Milling Or Moulding Machines
Report Nigeria - Planing, Milling or Moulding Machines - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Mar 1, 2023

Nigeria - Planing, Milling or Moulding Machines - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Wood Milling Machine Market 2022

Wood Milling Machine Market Size in Nigeria

The Nigerien wood milling machine market surged to $X in 2021, growing by 1,192% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wood Milling Machine Exports

Exports from Nigeria

In 2021, after two years of growth, there was significant decline in overseas shipments of planing, milling or moulding machines, when their volume decreased by -40% to X units. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 525%. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, wood milling machine exports fell dramatically to $X in 2021. Overall, exports showed a mild decline. The most prominent rate of growth was recorded in 2015 when exports increased by 396%. The exports peaked at $X in 2020, and then dropped rapidly in the following year.

Exports by Country

Benin (X units) was the main destination for wood milling machine exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Benin stood at +42.3%.

In value terms, Benin ($X) also remains the key foreign market for wood milling machine exports from Nigeria.

From 2012 to 2021, the average annual rate of growth in terms of value to Benin amounted to +52.1%.

Export Prices by Country

In 2021, the average wood milling machine export price amounted to $X per unit, surging by 24% against the previous year. Over the period under review, the export price enjoyed prominent growth. The growth pace was the most rapid in 2018 when the average export price increased by 85% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Benin amounted to +1.2% per year.

Wood Milling Machine Imports

Imports into Nigeria

In 2021, the amount of planing, milling or moulding machines imported into Nigeria soared to X units, with an increase of 1,423% on the previous year's figure. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood milling machine imports surged to $X in 2021. Overall, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Cote d'Ivoire (X units) constituted the largest supplier of wood milling machine to Nigeria, accounting for a 51% share of total imports. Moreover, wood milling machine imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by China (X units), with a 19% share.

From 2012 to 2021, the average annual growth rate of volume from Cote d'Ivoire was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+101.7% per year) and China (+40.8% per year).

In value terms, Turkey ($X) constituted the largest supplier of wood milling machine to Nigeria, comprising 46% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Cote d'Ivoire, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey stood at +104.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+73.3% per year) and Cote d'Ivoire (0.0% per year).

Import Prices by Country

In 2021, the average wood milling machine import price amounted to $X per unit, declining by -70.9% against the previous year. Overall, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 43% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average 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 the United States ($X per unit), while the price for Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+21.5%), while the prices for the other major suppliers experienced a decline.

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 planing, milling or moulding machines in the world?
+
The country with the largest volume of wood milling machine consumption was China, comprising approx. 23% of total volume. Moreover, wood milling machine consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Brazil ranked third in terms of total consumption with a 5.6% share.
What are the largest producers of planing, milling or moulding machines in the world?
+
The countries with the highest volumes of production in 2021 were China, the Netherlands and Taiwan Chinese), with a combined 80% share of global production.
What are the leading suppliers of planing, milling or moulding machines to Nigeria?
+
In value terms, Turkey constituted the largest supplier of wood milling machine to Nigeria, comprising 46% of total imports. The second position in the ranking was taken by Germany, with an 18% share of total imports. It was followed by Cote d'Ivoire, with an 18% share.
What are the leading importers of planing, milling or moulding machines from Nigeria?
+
In value terms, Benin remains the key foreign market for wood milling machine exports from Nigeria.
What is the average export price for planing, milling or moulding machines in Nigeria?
+
In 2021, the average wood milling machine export price amounted to $913 per unit, surging by 24% against the previous year.
What is the average import price for planing, milling or moulding machines in Nigeria?
+
The average wood milling machine import price stood at $508 per unit in 2021, dropping by -70.9% against the previous year.

This report provides an in-depth analysis of the wood milling 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 28491250 - Planing, milling or moulding (by cutting) machines for working wood, cork, bone, hard rubber, hard plastics or similar hard materials
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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