| Product Code: ETC228589 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The ammunition belt import shipments to Nigeria in 2024 continued to be dominated by top exporting countries including China, South Korea, Italy, USA, and Netherlands. Despite a high concentration level indicated by the Herfindahl-Hirschman Index (HHI), the market experienced a significant compound annual growth rate (CAGR) of 51.94% from 2020 to 2024. However, there was a notable decline in growth rate from 2023 to 2024 at -26.18%, suggesting a potential shift in market dynamics or external factors influencing the import trends in the ammunition belt sector.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Ammunition Belt Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Ammunition Belt Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Ammunition Belt Market - Industry Life Cycle |
3.4 Nigeria Ammunition Belt Market - Porter's Five Forces |
3.5 Nigeria Ammunition Belt Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Ammunition Belt Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Ammunition Belt Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing security concerns and threats in Nigeria leading to higher demand for ammunition belts. |
4.2.2 Growth in military and law enforcement activities in the country. |
4.2.3 Technological advancements in ammunition belt designs and materials. |
4.3 Market Restraints |
4.3.1 Regulatory restrictions on the procurement and use of ammunition belts. |
4.3.2 Volatility in raw material prices affecting production costs. |
4.3.3 Competition from alternative security solutions impacting the demand for ammunition belts. |
5 Nigeria Ammunition Belt Market Trends |
6 Nigeria Ammunition Belt Market, By Types |
6.1 Nigeria Ammunition Belt Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Ammunition Belt Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Nigeria Ammunition Belt Market Revenues & Volume, By Continuous Belt, 2021 - 2031F |
6.1.4 Nigeria Ammunition Belt Market Revenues & Volume, By Disintegrated Links Belt, 2021 - 2031F |
6.2 Nigeria Ammunition Belt Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Ammunition Belt Market Revenues & Volume, By Light Infantry Machine Guns, 2021 - 2031F |
6.2.3 Nigeria Ammunition Belt Market Revenues & Volume, By Heavy Machine Guns, 2021 - 2031F |
6.2.4 Nigeria Ammunition Belt Market Revenues & Volume, By Armored Vehicles, 2021 - 2031F |
6.2.5 Nigeria Ammunition Belt Market Revenues & Volume, By Ant Air Weapons, 2021 - 2031F |
7 Nigeria Ammunition Belt Market Import-Export Trade Statistics |
7.1 Nigeria Ammunition Belt Market Export to Major Countries |
7.2 Nigeria Ammunition Belt Market Imports from Major Countries |
8 Nigeria Ammunition Belt Market Key Performance Indicators |
8.1 Number of security incidents in Nigeria. |
8.2 Government spending on defense and security. |
8.3 Adoption rate of new ammunition belt technologies. |
8.4 Rate of compliance with regulations on ammunition belt production and distribution. |
8.5 Percentage of budget allocated for ammunition belt procurement in defense and security sectors. |
9 Nigeria Ammunition Belt Market - Opportunity Assessment |
9.1 Nigeria Ammunition Belt Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Ammunition Belt Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Ammunition Belt Market - Competitive Landscape |
10.1 Nigeria Ammunition Belt Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Ammunition Belt Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |