Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Nigeria - 2022
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Nigeria (FOB) - 2022
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Nigeria (CIF) - 2022
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Nigeria
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Nigeria
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Nigeria (FOB) - 2022
In April 2022, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $1,654 per ton, increasing by 8.4% against the previous month. In general, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In April 2022, the country with the highest price was Burkina Faso ($1,740 per ton), while the average price for exports to the Netherlands ($496 per ton) was amongst the lowest.
From April 2021 to April 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Nigeria (CIF) - 2022
The average import price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $1,251 per ton in 2022, waning by -11.3% against the previous year. Overall, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 54% against the previous year. The import price peaked at $3,892 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,275 per ton), while the price for Senegal amounted to $1,248 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.4%), while the prices for the other major suppliers experienced a decline.
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Nigeria
For the third year in a row, Nigeria recorded decline in overseas shipments of soups and broths and preparations therefor; homogenised composite food preparationses, which decreased by -27.9% to 4K tons in 2022. Overall, exports faced a dramatic decline. The smallest decline of -13.1% was in 2021.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses reduced markedly to $6.6M in 2022. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 2%.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 4.4 | 3.0 | 2.7 | 5.1 | 5.0% |
| Mali | N/A | N/A | 1.0 | 0.9 | -10.0% |
| Benin | 0.6 | 0.1 | 0.1 | 0.3 | -20.6% |
| Togo | 1.3 | 0.2 | N/A | 0.1 | -57.5% |
| Cote d'Ivoire | N/A | N/A | 3.2 | 0.1 | -96.9% |
| Niger | 4.3 | 4.8 | N/A | N/A | 11.6% |
| Senegal | N/A | N/A | 1.3 | N/A | 0% |
| Others | 0.3 | 0.1 | 0.2 | 0.1 | -30.7% |
| Total | 10.9 | 8.2 | 8.4 | 6.6 | -15.4% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Nigeria in 2022:
- Ghana (3138.5 tons)
- Mali (448.2 tons)
- Benin (177.4 tons)
- Cote d'Ivoire (78.7 tons)
- Togo (32.3 tons)
- Niger (13.1 tons)
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Nigeria
In 2022, approx. 5.2K tons of soups and broths and preparations therefor; homogenised composite food preparationses were imported into Nigeria; falling by -31.4% compared with the year before. Overall, imports saw a precipitous setback. The smallest decline of -5.5% was in 2020.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses fell notably to $6.5M in 2022. In general, imports showed a dramatic slump. The smallest decline of -3.1% was in 2020.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Senegal | 14.1 | 13.6 | 10.1 | 6.2 | -24.0% |
| India | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Hong Kong SAR | N/A | 0.4 | N/A | N/A | 0% |
| Others | 1.0 | 0.6 | 0.5 | 0.1 | -53.6% |
| Total | 15.2 | 14.7 | 10.6 | 6.5 | -24.7% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Nigeria in 2022:
- Senegal (5.0K tons)
- India (0.1K tons)
1239
This report provides an in-depth analysis of the canned food market in Nigeria.
716
This report provides an in-depth analysis of the soups market in Nigeria.
452
This report provides an in-depth analysis of the hot-dipped metal-coated sheet market in Nigeria.
2296
This report provides an in-depth analysis of the global canned food market.
1475
This report provides an in-depth analysis of the global soups market.
607
This report provides an in-depth analysis of the global hot-dipped metal-coated sheet market.
1239
This report provides an in-depth analysis of the canned food market in Nigeria.
716
This report provides an in-depth analysis of the soups market in Nigeria.
2296
This report provides an in-depth analysis of the global canned food market.
1475
This report provides an in-depth analysis of the global soups market.
129
Explore the top import markets for canned food around the world and key statistics on their import values. Learn about the leading countries driving the global canned food industry.
1346
Global canned food imports amounted to X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from X>
1013
Global canned food imports amounted to X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from X>
1717
Germany continued its dominance in the global trade of homogenized composite food preparations. In 2014, Germany exported X thousand tons of homogenized composite food preparations totaling X million USD, X% under the previous year. Its primary tra
144
Global demand for soups and broths is expected to continue rising over the next seven years. The market is forecasted to experience growth in both volume and value terms, reaching 9.7M tons and $34.9B respectively by 2030.
307
Soups are one of the most popular food products worldwide, providing a convenient and nutritious option for consumers. This article explores the top import markets for soups, including the United States, Canada, Mexico, Germany, and the Netherlands. These countries offer lucrative opportunities for soup manufacturers and exporters due to factors such as busy lifestyles, diverse consumer preferences, and growing health consciousness. Utilizing market intelligence platforms like IndexBox can further enhance success in these markets.
319
Explore the top import markets for hot-dipped metal-coated sheet, including the United States, Germany, Belgium, and more. Discover key statistics and data from the IndexBox market intelligence platform.
129
Explore the top import markets for canned food around the world and key statistics on their import values. Learn about the leading countries driving the global canned food industry.
1346
Global canned food imports amounted to X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from X>
1013
Global canned food imports amounted to X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from X>
