Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Nigeria - 2023
Contents:
- Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Nigeria (CIF) - 2022
- Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Nigeria (FOB) - 2022
- Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Nigeria
- Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Nigeria
Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Nigeria (CIF) - 2022
In 2022, the average import price for machine-tools; parts and accessories, tool holders and self-opening dieheadses amounted to $140,542 per ton, growing by 2% against the previous year. Over the period under review, the import price showed a buoyant increase. The growth pace was the most rapid in 2016 an increase of 57%. The import price peaked at $152,717 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +17.8% per year.
Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Nigeria (FOB) - 2022
In 2022, the average export price for machine-tools; parts and accessories, tool holders and self-opening dieheadses amounted to $43,000 per ton, dropping by -36.3% against the previous year. Overall, the export price recorded a deep contraction. The growth pace was the most rapid in 2014 an increase of 152%. As a result, the export price attained the peak level of $245,026 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +59.5% per year.
Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Nigeria
In 2022, supplies from abroad of machine-tools; parts and accessories, tool holders and self-opening dieheadses decreased by -50% to 34 tons, falling for the second year in a row after two years of growth. In general, imports showed a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 158%. As a result, imports attained the peak of 346 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of machine-tools; parts and accessories, tool holders and self-opening dieheadses declined significantly to $4.8M in 2022. Over the period under review, imports saw a dramatic decline. The most prominent rate of growth was recorded in 2020 when imports increased by 173%. As a result, imports attained the peak of $44M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.6 | 41.8 | 8.1 | 4.1 | -31.2% |
| Others | 3.4 | 1.9 | 1.3 | 0.7 | -41.0% |
| Total | 16.0 | 43.7 | 9.4 | 4.8 | -33.1% |
Top Suppliers of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads to Nigeria in 2022:
- China (33.0 tons)
Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Nigeria
Exports of machine-tools; parts and accessories, tool holders and self-opening dieheadses from Nigeria shrank dramatically to 1 kg in 2022, with a decrease of -99.2% compared with the year before. In general, exports faced a precipitous contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 404% against the previous year. As a result, the exports reached the peak of 131 kg, and then shrank sharply in the following year.
In value terms, exports of machine-tools; parts and accessories, tool holders and self-opening dieheadses fell notably to $43 in 2022. Overall, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 when exports increased by 282%. As a result, the exports attained the peak of $8.8K, and then fell dramatically in the following year.
| Export of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 0.3 | 2.3 | 0.8 | N/A | 63.3% |
| Germany | 0.5 | N/A | N/A | N/A | 0% |
| Democratic Republic of the Congo | N/A | N/A | 1.8 | N/A | 0% |
| India | N/A | N/A | N/A | N/A | 0% |
| South Africa | 1.3 | N/A | N/A | N/A | 0% |
| Italy | N/A | N/A | 5.9 | N/A | 0% |
| Others | N/A | N/A | 0.3 | N/A | 0% |
| Total | 2.1 | 2.3 | 8.8 | N/A | 104.7% |
Top Export Markets for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads from Nigeria in 2022:
- India (1.0 kg)
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