Nigeria - Gingerbread - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGingerbread Price in Nigeria - 2022
Contents:
- Gingerbread Price in Nigeria (CIF) - 2022
- Gingerbread Price in Nigeria (FOB) - 2022
- Gingerbread Imports in Nigeria
- Gingerbread Exports in Nigeria
Gingerbread Price in Nigeria (CIF) - 2022
In 2022, the average gingerbread import price amounted to $1,149 per ton, shrinking by -16.1% against the previous year. Overall, the import price recorded a abrupt decline. The growth pace was the most rapid in 2016 when the average import price decreased by -2.9% against the previous year. The import price peaked at $5,091 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 UK ($1,279 per ton), while the price for Indonesia ($399 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.1%), while the prices for the other major suppliers experienced a decline.
Gingerbread Price in Nigeria (FOB) - 2022
The average gingerbread export price stood at $1,901 per ton in 2022, growing by 4% against the previous year. In general, the export price, however, saw a drastic downturn. The pace of growth was the most pronounced in 2013 an increase of 42%. As a result, the export price reached the peak level of $5,110 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($2,517 per ton), while the average price for exports to Singapore ($705 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 China (+2,168.5%), while the prices for the other major destinations experienced more modest paces of growth.
Gingerbread Imports in Nigeria
After three years of growth, supplies from abroad of gingerbread decreased by -17% to 53 tons in 2022. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 268%. As a result, imports attained the peak of 64 tons, and then declined sharply in the following year.
In value terms, gingerbread imports plummeted to $61K in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 154% against the previous year. As a result, imports attained the peak of $87K, and then contracted markedly in the following year.
| Import of Gingerbread in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 3.2 | 9.8 | 46.8 | 32.7 | 117.0% |
| China | 6.8 | 16.8 | 22.0 | 15.3 | 31.0% |
| Indonesia | 2.0 | 1.3 | 5.1 | 3.5 | 20.5% |
| Others | 10.5 | 6.5 | 13.3 | 9.2 | -4.3% |
| Total | 22.5 | 34.3 | 87.2 | 60.7 | 39.2% |
Top Suppliers of Gingerbread to Nigeria in 2022:
- United Kingdom (25.5 tons)
- China (17.8 tons)
- Indonesia (8.8 tons)
Gingerbread Exports in Nigeria
In 2022, after three years of growth, there was significant decline in shipments abroad of gingerbread, when their volume decreased by -34.4% to 111 tons. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 220%. As a result, the exports reached the peak of 169 tons, and then plummeted in the following year.
In value terms, gingerbread exports dropped remarkably to $211K in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 174% against the previous year. As a result, the exports attained the peak of $310K, and then contracted markedly in the following year.
| Export of Gingerbread in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 46.8 | 81.8 | 235 | 165 | 52.2% |
| Saudi Arabia | 16.6 | 23.8 | 55.0 | 33.2 | 26.0% |
| Germany | 2.5 | 4.4 | 12.7 | 8.9 | 52.7% |
| Singapore | 1.9 | 2.8 | 6.8 | 4.1 | 29.2% |
| Others | 0.5 | 0.2 | 0.5 | 0.3 | -15.7% |
| Total | 68.3 | 113 | 310 | 211 | 45.6% |
Top Export Markets for Gingerbread from Nigeria in 2022:
- United States (74.3 tons)
- Saudi Arabia (27.0 tons)
- Singapore (5.7 tons)
- Germany (3.5 tons)
This report provides an in-depth analysis of the gingerbread 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 10721230 - Gingerbread and the like
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
-
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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