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Nigeria - Cherries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCherry Price in Nigeria - 2022
Contents:
- Cherry Price in Nigeria (CIF) - 2022
- Cherry Price in Nigeria (FOB) - 2022
- Cherry Imports in Nigeria
- Cherry Exports in Nigeria
Cherry Price in Nigeria (CIF) - 2022
The average cherry import price stood at $7,936 per ton in 2022, dropping by -6.5% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of 33% against the previous year. Over the period under review, average import prices hit record highs at $8,485 per ton in 2021, and then reduced in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($10,324 per ton), while the price for South Africa ($2,548 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Cherry Price in Nigeria (FOB) - 2022
In 2022, the average cherry export price amounted to $1,333 per ton, leveling off at the previous year. In general, the export price, however, continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2016 an increase of 7.1% against the previous year. The export price peaked at $1,667 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($6,288 per ton), while the average price for exports to Belgium ($114 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+45.6%).
Cherry Imports in Nigeria
After three years of growth, supplies from abroad of cherries decreased by -3% to 4.2 tons in 2022. The total import volume increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 17%.
In value terms, cherry imports contracted to $33K in 2022. The total import value increased at an average annual rate of +9.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. As a result, imports attained the peak of $36K, and then declined in the following year.
Import of Cherry in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 10.3 | 18.9 | 27.8 | 22.6 | 29.9% |
Netherlands | 4.5 | 9.2 | 7.5 | 5.5 | 6.9% |
Morocco | N/A | N/A | N/A | 3.8 | 0% |
South Africa | 0.6 | 0.9 | 1.0 | 1.0 | 18.6% |
Azerbaijan | 9.7 | N/A | N/A | N/A | 0% |
Others | N/A | 0.7 | N/A | N/A | 0% |
Total | 25.1 | 29.6 | 36.3 | 32.9 | 9.4% |
Top Suppliers of Cherries to Nigeria in 2022:
- Romania (2.2 tons)
- Morocco (1.0 tons)
- Netherlands (0.5 tons)
- South Africa (0.4 tons)
Cherry Exports in Nigeria
Cherry exports from Nigeria declined markedly to 72 kg in 2022, shrinking by -39.5% on 2021. Over the period under review, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 396%. As a result, the exports attained the peak of 119 kg, and then contracted dramatically in the following year.
In value terms, cherry exports reduced rapidly to $96 in 2022. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 362% against the previous year. As a result, the exports attained the peak of $157, and then dropped rapidly in the following year.
Export of Cherry in Nigeria (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | N/A | N/A | N/A | 82.0 | 0% |
Canada | 66.0 | 34.0 | 16.0 | 7.0 | -52.7% |
Belgium | N/A | N/A | N/A | 6.0 | 0% |
Ireland | N/A | N/A | 141 | N/A | 0% |
Others | N/A | N/A | N/A | 1.0 | 0% |
Total | 66.0 | 34.0 | 157 | 96.0 | 13.3% |
Top Export Markets for Cherries from Nigeria in 2022:
- Belgium (55.0 kg)
- United Arab Emirates (13.0 kg)
- Canada (4.0 kg)
This report provides an in-depth analysis of the cherry 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:
- FCL 531 - Cherries
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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The global cherry market revenue amounted to $12.3B in 2018, increasing by 11% against the previous year. This figure...
The global cherry market increased gradually from X thousand tons in 2007 to X thousand tons in 2016, with only mild fluctuations over the period under review. Overall, it expanded at an average annual rate of +X from 2007 to 2016. In val
Global cherry consumption amounted to X thousand tons in 2015, approximately equating the previous year level.
Global cherry exports amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
Global cherry imports amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
In 2015, the countries with the highest levels of production in 2015 were Turkey (X thousand tons), the United States (X thousand tons), Iran (X thousand tons), together accounting for X% of total output.
The global cherry market increased gradually from X thousand tonnes in 2007 to X thousand tonnes in 2016, with only mild fluctuations over the period under review.
With a huge surge in exports in 2014, Chile seized control of the global cherry trade. In 2014, Chile exported X thousand tons of cherries totaling X million USD, a whopping X% over the previous year. Its primary trading partner was China, where