Report Update: Apr 5, 2024

Nigeria - Bakers’ And Active Yeast - Market Analysis, Forecast, Size, Trends And Insights

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Active Yeast Price in Nigeria - 2022

Active Yeast Price in Nigeria (CIF) - 2022

In 2022, the average active yeast import price amounted to $2,158 per ton, growing by 53% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $2,801 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 +21.5% per year.

Active Yeast Price in Nigeria (FOB) - 2022

The average active yeast export price stood at $575 per ton in 2022, surging by 15% against the previous year. Overall, the export price, however, faced a sharp reduction. The growth pace was the most rapid in 2021 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices hit record highs at $23,333 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Benin.

From 2012 to 2022, the rate of growth in terms of prices for Benin amounted to -10.0% per year.

Active Yeast Imports in Nigeria

In 2022, purchases abroad of bakers and active yeast decreased by -23.1% to 9.1K tons, falling for the second consecutive year after two years of growth. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 103%. As a result, imports attained the peak of 24K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, active yeast imports soared to $20M in 2022. Overall, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2020 with an increase of 151%. As a result, imports reached the peak of $31M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Active Yeast in Nigeria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	N/A	N/A	N/A	19.7	0%
China	7.3	22.9	11.3	N/A	24.4%
Turkey	0.8	2.1	2.0	N/A	58.1%
Others	4.3	5.9	3.5	N/A	-9.8%
Total	12.3	30.9	16.8	19.7	17.0%

Top Suppliers of Active Yeast to Nigeria in 2022:

United Arab Emirates (9.1K tons)

Active Yeast Exports in Nigeria

In 2022, the amount of bakers and active yeast exported from Nigeria shrank markedly to 4.8 tons, declining by -34.8% on 2021 figures. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, the exports reached the peak of 7.3 tons, and then declined notably in the following year.

In value terms, active yeast exports declined notably to $2.8K in 2022. Overall, total exports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 98% against the previous year. As a result, the exports attained the peak of $3.7K, and then dropped markedly in the following year.

Export of Active Yeast in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Benin	1.7	1.8	3.4	2.7	16.7%
Ghana	0.3	N/A	N/A	N/A	0%
Others	0.5	N/A	0.3	N/A	-22.5%
Total	2.5	1.8	3.7	2.8	3.8%

Top Export Markets for Active Yeast from Nigeria in 2022:

Benin (4.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the active yeast 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 10891334 - Bakers
Prodcom 10891339 - Active yeast (excluding bakers

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023