Nigeria - Nuts (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Nuts (Prepared or Preserved) in Nigeria - 2022
Contents:
- Price for Nuts (Prepared or Preserved) in Nigeria (CIF) - 2022
- Price for Nuts (Prepared or Preserved) in Nigeria (FOB) - 2022
- Imports of Nuts (Prepared or Preserved) in Nigeria
- Exports of Nuts (Prepared or Preserved) in Nigeria
Price for Nuts (Prepared or Preserved) in Nigeria (CIF) - 2022
In 2022, the average nuts (prepared or preserved) import price amounted to $2,868 per ton, increasing by 20% against the previous year. In general, the import price saw a perceptible expansion. The growth pace was the most rapid in 2013 when the average import price increased by 79% against the previous year. The import price peaked at $8,330 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -0.2% per year.
Price for Nuts (Prepared or Preserved) in Nigeria (FOB) - 2022
The average nuts (prepared or preserved) export price stood at $2,998 per ton in 2022, with a decrease of -10.1% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 52% against the previous year. The export price peaked at $3,334 per ton in 2021, and then shrank in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($5,045 per ton), while the average price for exports to Belgium ($1,080 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 (+18.6%), while the prices for the other major destinations experienced a decline.
Imports of Nuts (Prepared or Preserved) in Nigeria
Nuts (prepared or preserved) imports into Nigeria soared to 664 tons in 2022, rising by 76% compared with the previous year's figure. In general, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2020 when imports increased by 98%. As a result, imports attained the peak of 1.8K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, nuts (prepared or preserved) imports surged to $1.9M in 2022. Over the period under review, imports, however, saw a abrupt descent.
Import of Nuts (Prepared or Preserved) in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 172 | 26.4 | 15.1 | 1,903 | 122.8% |
Denmark | 1,204 | 2,017 | 710 | N/A | -23.2% |
India | 55.8 | 726 | 1.2 | N/A | -85.3% |
South Africa | 1,204 | 1,814 | 95.3 | N/A | -71.9% |
Others | 279 | 356 | 80.0 | N/A | -46.5% |
Total | 2,915 | 4,940 | 902 | 1,903 | -13.3% |
Top Suppliers of Nuts (Prepared or Preserved) to Nigeria in 2022:
- United Arab Emirates (663.6 tons)
Exports of Nuts (Prepared or Preserved) in Nigeria
Nuts (prepared or preserved) exports from Nigeria stood at 108 tons in 2022, stabilizing at the previous year's figure. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 49%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, nuts (prepared or preserved) exports fell to $323K in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.9% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 62% against the previous year.
Export of Nuts (Prepared or Preserved) in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 153 | 204 | 188 | 210 | 11.1% |
United Arab Emirates | 0.2 | N/A | 33.1 | 25.2 | 401.3% |
Australia | 13.0 | 10.4 | 27.5 | 16.8 | 8.9% |
Canada | 0.9 | 1.2 | 8.0 | 12.1 | 137.8% |
Belgium | 0.2 | 0.4 | 0.2 | 3.2 | 152.0% |
Germany | N/A | 52.4 | 56.5 | 0.2 | -93.8% |
Others | 10.5 | 19.5 | 44.3 | 55.5 | 74.2% |
Total | 178 | 288 | 358 | 323 | 22.0% |
Top Export Markets for Nuts (Prepared or Preserved) from Nigeria in 2022:
- Germany (undefined tons)
- United States (68.4 tons)
- United Arab Emirates (14.3 tons)
- Canada (4.0 tons)
- Australia (3.3 tons)
- Belgium (2.9 tons)
This report provides an in-depth analysis of the market for nuts (prepared or preserved) 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 10392390 - Prepared or preserved nuts (other than groundnuts), and other seeds and mixtures (excluding by vinegar or acetic acid, f rozen, purees and pastes, preserved by sugar)
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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Discover the leading countries in the global nut import market and their key statistics. Find out which nations play a vital role in shaping the international trade of nuts.
In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad
Discover the leading countries in the global nut import market and their key statistics. Find out which nations play a vital role in shaping the international trade of nuts.
In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad