Nigeria - Cheese and Curd - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCheese and Curd Price in Nigeria - 2022
Contents:
- Cheese and Curd Price in Nigeria (CIF) - 2022
- Cheese and Curd Price in Nigeria (FOB) - 2022
- Cheese and Curd Imports in Nigeria
- Cheese and Curd Exports in Nigeria
Cheese and Curd Price in Nigeria (CIF) - 2022
The average cheese and curd import price stood at $5,012 per ton in 2022, rising by 12% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The growth pace was the most rapid in 2014 an increase of 48%. As a result, import price reached the peak level of $5,147 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($8,648 per ton), while the price for Lebanon ($859 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Cheese and Curd Price in Nigeria (FOB) - 2022
The average cheese and curd export price stood at $2,645 per ton in 2022, increasing by 28% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 328% against the previous year. As a result, the export price attained the peak level of $7,154 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($5,698 per ton), while the average price for exports to Benin ($1,704 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.
Cheese and Curd Imports in Nigeria
In 2022, imports of cheese and curd into Nigeria surged to 1.8K tons, growing by 16% against 2021. In general, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +2.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -31.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 56%. As a result, imports attained the peak of 2.6K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cheese and curd imports skyrocketed to $8.8M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 45% against the previous year. As a result, imports reached the peak of $9.5M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Cheese and Curd in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,503 | 1,402 | 1,283 | 1,358 | -3.3% |
| Belgium | 45.1 | 88.8 | 181 | 417 | 109.9% |
| Netherlands | 41.4 | 63.0 | 7.8 | 410 | 114.7% |
| Denmark | 1,710 | 4,860 | 1,971 | 352 | -41.0% |
| Turkey | 2.4 | 5.3 | 20.5 | 240 | 364.2% |
| Lebanon | 62.9 | 192 | 137 | 141 | 30.9% |
| United States | 25.0 | 33.3 | 16.2 | 124 | 70.5% |
| Australia | 20.3 | 40.6 | 15.0 | 81.0 | 58.6% |
| Germany | 349 | 261 | 137 | 71.9 | -40.9% |
| South Africa | 163 | 131 | 80.2 | 46.0 | -34.4% |
| Italy | 20.9 | 85.7 | 29.3 | 42.7 | 26.9% |
| China | 18.7 | 49.6 | 25.5 | 34.2 | 22.3% |
| Others | 2,591 | 2,275 | 2,926 | 5,514 | 28.6% |
| Total | 6,554 | 9,487 | 6,830 | 8,832 | 10.5% |
Top Suppliers of Cheese and Curd to Nigeria in 2022:
- France (272.3 tons)
- Lebanon (164.0 tons)
- Australia (85.7 tons)
- Belgium (74.6 tons)
- Turkey (65.3 tons)
- Denmark (62.1 tons)
- Netherlands (47.5 tons)
- Italy (34.5 tons)
- United States (34.3 tons)
- China (28.9 tons)
- South Africa (12.1 tons)
- Germany (8.3 tons)
Cheese and Curd Exports in Nigeria
In 2022, shipments abroad of cheese and curd was finally on the rise to reach 840 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt decline.
In value terms, cheese and curd exports skyrocketed to $2.2K in 2022. Overall, exports continue to indicate a perceptible increase.
| Export of Cheese and Curd in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 410 | 2,194 | 89.0 | 1,077 | 38.0% |
| Benin | 1,541 | 893 | 1,242 | 1,070 | -11.4% |
| United Arab Emirates | 93.0 | 92.0 | 4.0 | 75.0 | -6.9% |
| Others | N/A | N/A | 5.0 | N/A | 0% |
| Total | 2,044 | 3,179 | 1,340 | 2,222 | 2.8% |
Top Export Markets for Cheese and Curd from Nigeria in 2022:
- Benin (628.0 kg)
- Cote d'Ivoire (189.0 kg)
- United Arab Emirates (23.0 kg)
This report provides an in-depth analysis of the cheese and curd 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 901 - Cheese from Whole Cow Milk
- FCL 904 - Cheese from Skimmed Cow Milk
- FCL 905 - Whey Cheese
- FCL 907 - Processed Cheese
- FCL 955 - Cheese of Buffalo Milk
- FCL 984 - Cheese of Sheep Milk
- FCL 1021 - Cheese of Goat Milk
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
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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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This report provides an in-depth analysis of the cheese and curd market in Nigeria.
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