Nigeria - Carrots And Turnips - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingCarrot and Turnip Price in Nigeria - 2022
Contents:
- Carrot and Turnip Price in Nigeria (CIF) - 2022
- Carrot and Turnip Price in Nigeria (FOB) - 2022
- Carrot and Turnip Imports in Nigeria
- Carrot and Turnip Exports in Nigeria
Carrot and Turnip Price in Nigeria (CIF) - 2022
In 2022, the average carrot and turnip import price amounted to $883 per ton, remaining relatively unchanged against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 56% against the previous year. Over the period under review, average import prices hit record highs at $934 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($2,143 per ton), while the price for Belgium ($350 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+24.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Carrot and Turnip Price in Nigeria (FOB) - 2022
The average carrot and turnip export price stood at $606 per ton in 2022, remaining constant against the previous year. In general, the export price showed a noticeable descent. The pace of growth was the most pronounced in 2017 an increase of 130% against the previous year. The export price peaked at $1,351 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to -3.3% per year.
Carrot and Turnip Imports in Nigeria
Carrot and turnip imports into Nigeria skyrocketed to 68 tons in 2022, increasing by 33% against 2021. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 72% against the previous year. As a result, imports reached the peak of 93 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, carrot and turnip imports surged to $60K in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 169%. As a result, imports reached the peak of $75K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Carrot and Turnip in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.5 | 31.6 | 26.3 | 31.5 | 132.7% |
| Belgium | 7.5 | 18.6 | 9.8 | 11.9 | 16.6% |
| Italy | 2.0 | 5.6 | 4.3 | 4.6 | 32.0% |
| Others | 16.1 | 19.7 | 4.4 | 12.2 | -8.8% |
| Total | 28.1 | 75.5 | 44.8 | 60.2 | 28.9% |
Top Suppliers of Carrot and Turnip to Nigeria in 2022:
- Belgium (33.8 tons)
- China (24.0 tons)
- Italy (2.1 tons)
Carrot and Turnip Exports in Nigeria
In 2022, the amount of carrots and turnips exported from Nigeria expanded modestly to 99 kg, increasing by 4.2% against the previous year's figure. In general, exports, however, continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2021 with an increase of 76%.
In value terms, carrot and turnip exports expanded slightly to $60 in 2022. Over the period under review, exports, however, showed a perceptible setback.
| Export of Carrot and Turnip in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 68.0 | 29.0 | 58.0 | 60.0 | -4.1% |
| Cote d'Ivoire | N/A | 34.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 68.0 | 63.0 | 58.0 | 60.0 | -4.1% |
Top Export Markets for Carrot and Turnip from Nigeria in 2022:
- Niger (99.0 kg)
This report provides an in-depth analysis of the carrot and turnip 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:
- FCL 426 - Carrot
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- 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- 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, HARVESTED AREA AND YIELD
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
-
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
-
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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
1715
This report provides an in-depth analysis of the carrot and turnip market in Nigeria.
3591
This report provides an in-depth analysis of the global carrot and turnip market.
1715
This report provides an in-depth analysis of the carrot and turnip market in Nigeria.
3591
This report provides an in-depth analysis of the global carrot and turnip market.
8296
Global carrot and turnip consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
4385
Global carrot and turnip exports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
4974
Global carrot and turnip imports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
5617
In 2015, the country with the largest volume of the carrot and turnip output was China (X thousand tons), accounting for X% of global production.
1793
Despite relatively rocky export numbers in 2014, the Netherlands remained one of the leaders in the global carrot and turnip trade. In 2014, the Netherlands exported X thousand tons of carrot and turnip totaling X million USD, X% under the previo
8296
Global carrot and turnip consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
4385
Global carrot and turnip exports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
4974
Global carrot and turnip imports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
5617
In 2015, the country with the largest volume of the carrot and turnip output was China (X thousand tons), accounting for X% of global production.
1793
Despite relatively rocky export numbers in 2014, the Netherlands remained one of the leaders in the global carrot and turnip trade. In 2014, the Netherlands exported X thousand tons of carrot and turnip totaling X million USD, X% under the previo
