Nigeria - Tapered Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNigeria: Tapered Roller Bearing Market 2024
Tapered Roller Bearing Market Size in Nigeria
In 2023, the Nigerien tapered roller bearing market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, saw a prominent expansion. Nigeria consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.
Tapered Roller Bearing Exports
Exports from Nigeria
Tapered roller bearing exports from Nigeria fell markedly to X kg in 2023, with a decrease of X% on 2022 figures. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports remained at a lower figure.
In value terms, tapered roller bearing exports reduced notably to $X in 2023. In general, exports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.
Exports by Country
China was the main exporting country with an export of about X tons, which amounted to X% of total exports. Japan (X tons) held the second position in the ranking, followed by Germany (X tons), Austria (X tons), Romania (X tons) and France (X tons). All these countries together held approx. X% share of total exports. South Korea (X tons), India (X tons), Poland (X tons), the Netherlands (X tons), the United States (X tons), Hungary (X tons) and Italy (X tons) followed a long way behind the leaders.
China was also the fastest-growing in terms of the tapered roller bearings exports, with a CAGR of X% from 2012 to 2023. At the same time, India (X%), South Korea (X%), Romania (X%), the Netherlands (X%), Poland (X%) and Germany (X%) displayed positive paces of growth. Hungary and Italy experienced a relatively flat trend pattern. By contrast, France (X%), Japan (X%), Austria (X%) and the United States (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China, India, South Korea and Romania increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest tapered roller bearing supplying countries from Nigeria were Germany ($X), the United States ($X) and China ($X), with a combined X% share of total exports. Japan, France, Romania, India, Austria, South Korea, Poland, the Netherlands, Hungary and Italy lagged somewhat behind, together accounting for a further X%.
India, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The export price in Nigeria stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2023, the export prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while China ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other leaders experienced more modest paces of growth.
Tapered Roller Bearing Imports
Imports into Nigeria
In 2023, supplies from abroad of tapered roller bearings decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.
In value terms, tapered roller bearing imports contracted markedly to $X in 2023. In general, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. Nigeria imports peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.
Imports by Country
In 2023, Germany (X tons) and the United States (X tons) represented the key importers of tapered roller bearingsin the world, together making up X% of total imports. Mexico (X tons) took the next position in the ranking, followed by China (X tons), France (X tons) and Brazil (X tons). All these countries together took approx. X% share of total imports. Italy (X tons), Sweden (X tons), India (X tons), Turkey (X tons), the Netherlands (X tons), Australia (X tons) and Russia (X tons) followed a long way behind the leaders.
From 2012 to 2023, the biggest increases were recorded for Australia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest tapered roller bearing importing markets into Nigeria were Germany ($X), the United States ($X) and China ($X), together comprising X% of total imports. Mexico, France, Italy, Brazil, India, Sweden, Australia, the Netherlands, Turkey and Russia lagged somewhat behind, together accounting for a further X%.
Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The import price in Nigeria stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Brazil ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other leaders experienced mixed trends in the import price figures.
Source: IndexBox Platform
This report provides an in-depth analysis of the tapered roller bearing 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 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
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
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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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