Nigeria - Steam Or Sand Blasting Machines And Similar Jet-Projecting Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSteam Blasting Machine Price in Nigeria - 2022
Contents:
- Steam Blasting Machine Price in Nigeria (CIF) - 2022
- Steam Blasting Machine Price in Nigeria (FOB) - 2022
- Steam Blasting Machine Imports in Nigeria
- Steam Blasting Machine Exports in Nigeria
Steam Blasting Machine Price in Nigeria (CIF) - 2022
In June 2022, the average steam blasting machine import price amounted to $72.1 per unit, shrinking by -20.5% against the previous month. In general, the import price, however, posted a strong increase. The pace of growth appeared the most rapid in January 2022 an increase of 89% m-o-m. Over the period under review, average import prices attained the maximum at $90.7 per unit in May 2022, and then contracted remarkably in the following month.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2021 to June 2022, the rate of growth in terms of prices for China amounted to +5.2% per month.
Steam Blasting Machine Price in Nigeria (FOB) - 2022
In 2022, the average steam blasting machine export price amounted to $246 per unit, declining by -32.2% against the previous year. In general, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2015 an increase of 359%. As a result, the export price reached the peak level of $1,013 per unit. From 2016 to 2022, the average export prices failed to regain momentum.
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 Cote d'Ivoire ($514 per unit), while the average price for exports to South Korea stood at $192 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+256.2%), while the prices for the other major destinations experienced a decline.
Steam Blasting Machine Imports in Nigeria
In 2022, approx. 271K units of steam or sand blasting machines and similar jet-projecting machines were imported into Nigeria; increasing by 58% against 2021. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 412%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, steam blasting machine imports surged to $61M in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 391% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Steam Blasting Machine in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.5 | 6.6 | 34.7 | 55.8 | 233.8% |
| Germany | 0.1 | 0.1 | 0.2 | 1.2 | 128.9% |
| France | 1.3 | N/A | 0.1 | 0.6 | -22.7% |
| Italy | 0.2 | N/A | 0.3 | 0.5 | 35.7% |
| United States | 0.5 | N/A | 0.1 | 0.5 | 0.0% |
| Others | 1.2 | 1.2 | 3.7 | 2.4 | 26.0% |
| Total | 4.7 | 8.0 | 39.2 | 61.0 | 135.0% |
Top Suppliers of Steam Blasting Machine to Nigeria in 2022:
- China (219.8K units)
- United States (18.7K units)
- Germany (10.4K units)
- Italy (5.5K units)
- France (2.9K units)
Steam Blasting Machine Exports in Nigeria
In 2022, the amount of steam or sand blasting machines and similar jet-projecting machines exported from Nigeria soared to 89 units, picking up by 287% on 2021 figures. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 294%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, steam blasting machine exports skyrocketed to $22K in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 263%. As a result, the exports attained the peak of $36K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Steam Blasting Machine in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 8.1 | 15.2 | 3.1 | 14.3 | 20.9% |
| Cote d'Ivoire | 0.1 | 1.2 | 5.3 | 7.7 | 325.4% |
| Democratic Republic of the Congo | N/A | 0.2 | N/A | N/A | 0% |
| Others | 1.6 | 19.0 | N/A | N/A | 1087.5% |
| Total | 9.8 | 35.6 | 8.4 | 22.0 | 30.9% |
Top Export Markets for Steam Blasting Machine from Nigeria in 2022:
- South Korea (74.0 units)
- Cote d'Ivoire (15.0 units)
This report provides an in-depth analysis of the steam blasting 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 28292230 - Steam or sand blasting machines and similar jet-projecting machines (excluding fire extinguishers, spray guns and similar appliances)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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