Nigeria - Fresh or Chilled Anchovies - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNigeria: Market for Fresh Or Chilled Anchovies 2024
Market Size for Fresh Or Chilled Anchovies in Nigeria
The Nigerien fresh or chilled anchovies market fell slightly to $X in 2023, with a decrease of X% against the previous year. Over the period under review, the total consumption indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.
Production of Fresh Or Chilled Anchovies in Nigeria
In value terms, fresh or chilled anchovies production shrank slightly to $X in 2023 estimated in export price. In general, production saw a tangible increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.
Exports of Fresh Or Chilled Anchovies
Exports from Nigeria
In 2023, the amount of fresh or chilled anchovieses exported from Nigeria shrank to X kg, waning by X% compared with the previous year. Over the period under review, exports showed a abrupt contraction. The exports peaked at X kg in 2016; however, from 2017 to 2023, the exports failed to regain momentum.
In value terms, fresh or chilled anchovies exports surged to $X in 2023. In general, exports continue to indicate a significant contraction. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.
Exports by Country
Ireland (X kg) was the main destination for fresh or chilled anchovies exports from Nigeria, with a approx. X% share of total exports.
From 2016 to 2023, the average annual growth rate of volume to Ireland stood at X%.
In value terms, Ireland ($X) also remains the key foreign market for fresh or chilled anchovieses exports from Nigeria.
From 2016 to 2023, the average annual rate of growth in terms of value to Ireland amounted to X%.
Export Prices by Country
In 2023, the average fresh or chilled anchovies export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, saw a pronounced decrease. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2023, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Ireland.
From 2016 to 2023, the rate of growth in terms of prices for Ireland amounted to X% per year.
Imports of Fresh Or Chilled Anchovies
Imports into Nigeria
Fresh or chilled anchovies imports into Nigeria stood at X kg in 2020, remaining constant against 2019. Overall, imports continue to indicate a significant increase. The smallest decline of X% was in 2019. Imports peaked in 2020 and are expected to retain growth in the immediate term.
In value terms, fresh or chilled anchovies imports amounted to $X in 2020. In general, imports saw a significant expansion. The smallest decline of X% was in 2019. Imports peaked in 2020 and are expected to retain growth in the immediate term.
Imports by Country
In 2020, Norway (X kg) was the main fresh or chilled anchovies supplier to Nigeria, with a approx. X% share of total imports.
From 2018 to 2020, the average annual rate of growth in terms of volume from Norway was relatively modest.
In value terms, Norway ($X) constituted the largest supplier of fresh or chilled anchovieses to Nigeria.
From 2018 to 2020, the average annual rate of growth in terms of value from Norway was relatively modest.
Import Prices by Country
The average fresh or chilled anchovies import price stood at $X per ton in 2020, remaining relatively unchanged against the previous year. Over the period under review, the import price continues to indicate a significant expansion. The pace of growth was the most pronounced in 2019 when the average import price decreased by X% against the previous year. The import price peaked in 2020 and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Norway.
From 2018 to 2020, the rate of growth in terms of prices for Norway amounted to X% per year.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for fresh or chilled anchovies 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:
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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