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Nigeria - Prepared Baking Powders - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrepared Baking Powder Price in Nigeria - 2022
Contents:
- Prepared Baking Powder Price in Nigeria (CIF) - 2022
- Prepared Baking Powder Price in Nigeria (FOB) - 2022
- Prepared Baking Powder Imports in Nigeria
- Prepared Baking Powder Exports in Nigeria
Prepared Baking Powder Price in Nigeria (CIF) - 2022
In 2022, the average prepared baking powder import price amounted to $1,068 per ton, which is down by -18.1% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 42% against the previous year. Over the period under review, average import prices hit record highs at $2,568 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($3,240 per ton), while the price for Belgium ($181 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Prepared Baking Powder Price in Nigeria (FOB) - 2022
In 2022, the average prepared baking powder export price amounted to $644 per ton, declining by -29.4% against the previous year. Over the period under review, the export price continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2013 an increase of 82%. Over the period under review, the average export prices hit record highs at $2,924 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($1,155 per ton), while the average price for exports to Ghana ($607 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 Niger (+11.7%), while the prices for the other major destinations experienced a decline.
Prepared Baking Powder Imports in Nigeria
In 2022, the amount of prepared baking powders imported into Nigeria amounted to 4.6K tons, increasing by 12% compared with the year before. Overall, imports, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 93%. As a result, imports attained the peak of 9.6K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, prepared baking powder imports contracted to $4.9M in 2022. Over the period under review, imports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2020 with an increase of 116% against the previous year. As a result, imports attained the peak of $12M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Prepared Baking Powder in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3,438 | 6,602 | 4,153 | 1,820 | -19.1% |
United Kingdom | 965 | 2,540 | 91.7 | 1,540 | 16.9% |
Indonesia | 183 | 215 | 344 | 465 | 36.5% |
South Korea | 102 | 181 | 174 | 236 | 32.3% |
Malaysia | 36.0 | 69.3 | 66.9 | 90.5 | 36.0% |
Spain | 135 | 16.8 | 53.5 | 87.6 | -13.4% |
Niger | 97.4 | 85.5 | 39.4 | 30.1 | -32.4% |
Belgium | 3.5 | 2.3 | 14.9 | 24.7 | 91.8% |
Others | 425 | 1,917 | 441 | 649 | 15.2% |
Total | 5,384 | 11,629 | 5,379 | 4,942 | -2.8% |
Top Suppliers of Prepared Baking Powder to Nigeria in 2022:
- United Kingdom (1938.3 tons)
- China (1333.6 tons)
- Malaysia (371.4 tons)
- Indonesia (210.7 tons)
- Belgium (136.4 tons)
- Spain (116.2 tons)
- South Korea (72.8 tons)
- Niger (34.1 tons)
Prepared Baking Powder Exports in Nigeria
In 2022, shipments abroad of prepared baking powders was finally on the rise to reach 5.8 tons after two years of decline. Over the period under review, exports, however, continue to indicate a precipitous shrinkage.
In value terms, prepared baking powder exports skyrocketed to $3.7K in 2022. In general, exports, however, recorded a precipitous setback.
Export of Prepared Baking Powder in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ghana | 7.7 | 4.8 | 1.1 | 3.0 | -27.0% |
Benin | 6.6 | 1.2 | 0.1 | 0.3 | -64.3% |
Togo | N/A | N/A | N/A | 0.1 | 0% |
Niger | 0.4 | 0.1 | N/A | 0.1 | -37.0% |
Others | 4.5 | N/A | N/A | 0.1 | -71.9% |
Total | 19.2 | 6.2 | 1.2 | 3.7 | -42.2% |
Top Export Markets for Prepared Baking Powder from Nigeria in 2022:
- Ghana (5.0 tons)
- Benin (0.4 tons)
- Togo (0.2 tons)
- Niger (0.1 tons)
This report provides an in-depth analysis of the prepared baking powder 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 10891370 - Prepared baking powders
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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