Nigeria - Chewing Gum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChewing Gum Price in Nigeria - 2022
Contents:
- Chewing Gum Price in Nigeria (CIF) - 2022
- Chewing Gum Price in Nigeria (FOB) - 2022
- Chewing Gum Imports in Nigeria
- Chewing Gum Exports in Nigeria
Chewing Gum Price in Nigeria (CIF) - 2022
The average chewing gum import price stood at $2,161 per ton in June 2022, declining by -64% against the previous month. In general, the import price, however, posted a resilient expansion. The pace of growth appeared the most rapid in April 2022 when the average import price increased by 317% month-to-month. Over the period under review, average import prices hit record highs at $6,002 per ton in May 2022, and then dropped markedly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was Egypt ($4,271 per ton), while the price for China amounted to $857 per ton.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Chewing Gum Price in Nigeria (FOB) - 2022
In 2022, the average chewing gum export price amounted to $1,241 per ton, reducing by -5.8% against the previous year. Overall, the export price saw a drastic downturn. The growth pace was the most rapid in 2015 when the average export price increased by 36%. The export price peaked at $4,431 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niger ($2,487 per ton), while the average price for exports to Cameroon ($681 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 Togo (+1.6%), while the prices for the other major destinations experienced a decline.
Chewing Gum Imports in Nigeria
In 2022, overseas purchases of chewing gum increased by 507% to 3K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a precipitous slump.
In value terms, chewing gum imports surged to $3.1M in 2022. Over the period under review, imports, however, continue to indicate a precipitous setback.
| Import of Chewing Gum in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 1,300 | 1,474 | 238 | 627 | -21.6% |
| Philippines | 600 | 569 | 139 | 600 | 0.0% |
| China | 2,114 | 231 | 47.4 | 521 | -37.3% |
| France | 1,219 | 169 | 127 | 456 | -27.9% |
| Vietnam | 34.1 | 29.5 | 43.6 | 157 | 66.4% |
| Turkey | 15.6 | 15.9 | 18.7 | 122 | 98.5% |
| Russia | 313 | 48.6 | 31.0 | 112 | -29.0% |
| Ghana | 144 | 120 | 25.8 | 97.3 | -12.2% |
| India | 62.8 | 45.3 | 8.0 | 24.2 | -27.2% |
| Chile | 28.2 | 20.3 | 3.8 | 12.3 | -24.2% |
| Others | 741 | 532 | 196 | 385 | -19.6% |
| Total | 6,572 | 3,255 | 877 | 3,114 | -22.0% |
Top Suppliers of Chewing Gum to Nigeria in 2022:
- China (1758.3 tons)
- Egypt (375.2 tons)
- Philippines (257.2 tons)
- France (106.1 tons)
- Chile (71.6 tons)
- Ghana (70.4 tons)
- Turkey (64.4 tons)
- India (57.8 tons)
- Vietnam (54.2 tons)
- Russia (44.0 tons)
Chewing Gum Exports in Nigeria
In 2022, after two years of decline, there was significant growth in overseas shipments of chewing gum, when their volume increased by 57% to 34 tons. Over the period under review, exports, however, recorded a sharp setback.
In value terms, chewing gum exports skyrocketed to $42K in 2022. Overall, exports, however, continue to indicate a dramatic shrinkage.
| Export of Chewing Gum in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 68.7 | 16.5 | 10.0 | 18.6 | -35.3% |
| Benin | 76.1 | 24.3 | 8.3 | 9.5 | -50.0% |
| Ghana | 11.6 | 5.7 | 3.0 | 6.6 | -17.1% |
| Cameroon | 9.8 | 4.8 | 2.5 | 5.6 | -17.0% |
| Togo | 3.6 | 1.5 | 0.7 | 1.3 | -28.8% |
| Yemen | 4.4 | N/A | N/A | N/A | 0% |
| Others | 12.8 | 2.5 | 3.7 | 0.3 | -71.4% |
| Total | 187 | 55.3 | 28.2 | 41.8 | -39.3% |
Top Export Markets for Chewing Gum from Nigeria in 2022:
- Benin (12.9 tons)
- Cameroon (8.2 tons)
- Niger (7.5 tons)
- Ghana (3.9 tons)
- Togo (0.5 tons)
This report provides an in-depth analysis of the chewing gum 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 10822310 - Chewing gum
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
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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
-
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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