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Nigeria - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights
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Pig Fat Market Size in Nigeria
The revenue of the pig fat market in Nigeria amounted to $X in 2018, growing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, the pig fat market attained its maximum level in 2018 and is likely to see steady growth in the immediate term.
Pig Fat Production in Nigeria
In value terms, pig fat production amounted to $X in 2018 estimated in export prices. Over the period under review, pig fat production continues to indicate a sharp contraction. Over the period under review, pig fat production attained its maximum level at $X in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.
Pig Fat Exports
Exports from Nigeria
In 2016, approx. X kg of pig fat were exported from Nigeria; therefore, remained relatively stable against the previous year. Overall, pig fat exports continue to indicate a precipitous reduction. Exports peaked at X kg in 2013; however, from 2014 to 2016, exports remained at a lower figure.
In value terms, pig fat exports amounted to $X in 2016. Overall, pig fat exports continue to indicate a precipitous curtailment. Exports peaked at $X in 2013; however, from 2014 to 2016, exports stood at a somewhat lower figure.
Pig Fat Imports
Imports into Nigeria
Pig fat imports into Nigeria totaled X kg in 2018, going down by -X% against the previous year. Over the period under review, pig fat imports continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Imports peaked at X tons in 2015; however, from 2016 to 2018, imports remained at a lower figure.
In value terms, pig fat imports amounted to $X in 2018. Overall, pig fat imports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2010; however, from 2011 to 2018, imports remained at a lower figure.
Imports by Country
Antigua and Barbuda (X kg), the Netherlands (X kg) and Germany (X kg) were the main suppliers of pig fat imports to Nigeria, together accounting for X% of total imports.
From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Antigua and Barbuda, while the other leaders experienced a decline.
In value terms, Antigua and Barbuda ($X) constituted the largest supplier of pig fat to Nigeria, comprising X% of total pig fat imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports.
From 2007 to 2018, the average annual rate of growth in terms of value from Antigua and Barbuda totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and the Netherlands (-X% per year).
Import Prices by Country
In 2018, the average pig fat import price amounted to $X per ton, growing by X% against the previous year. In general, the pig fat import price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. Over the period under review, the average import prices for pig fat attained their peak figure at $X per ton in 2010; however, from 2011 to 2018, import prices failed to regain their momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.
From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany (+X% per year), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
This report provides an in-depth analysis of the pig fat 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 2025.
Product coverage:
- Prodcom 10115040 - Pig fat free of lean meat, fresh, chilled, frozen, salted, in brine or smoked (excluding rendered)
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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