Report Update: Apr 1, 2024

Nigeria - Dextrins And Other Modified Starches - Market Analysis, Forecast, Size, Trends And Insights

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Modified Starches Price in Nigeria - 2022

Modified Starches Price in Nigeria (CIF) - 2022

In June 2022, the average modified starches import price amounted to $1,254 per ton, reducing by -14.9% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2021 when the average import price increased by 40% against the previous month. As a result, import price reached the peak level of $1,790 per ton. From October 2021 to June 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was Thailand ($1,778 per ton), while the price for Germany ($1,127 per ton) was amongst the lowest.

From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by India (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Modified Starches Price in Nigeria (FOB) - 2022

In 2022, the average modified starches export price amounted to $278 per ton, dropping by -30.9% against the previous year. In general, the export price recorded a abrupt slump. The growth pace was the most rapid in 2015 an increase of 93%. The export price peaked at $1,031 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($2,621 per ton), while the average price for exports to Ghana ($84 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 Zambia (+8.2%), while the prices for the other major destinations experienced a decline.

Modified Starches Imports in Nigeria

In 2022, imports of dextrins and other modified starches into Nigeria surged to 16K tons, rising by 141% on 2021 figures. Overall, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 163% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, modified starches imports soared to $25M in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 209%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Modified Starches in Nigeria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	0.4	3.1	1.6	3.7	109.9%
India	0.1	1.3	0.9	3.6	230.2%
Thailand	0.5	1.1	0.8	3.0	81.7%
United States	0.2	0.1	0.4	2.7	138.1%
Netherlands	0.8	2.2	0.5	2.6	48.1%
Vietnam	0.2	1.2	0.2	1.4	91.3%
China	1.3	3.4	2.7	0.9	-11.5%
Israel	0.3	0.3	0.1	0.7	32.6%
Others	1.0	1.9	1.9	6.5	86.6%
Total	4.8	14.7	9.1	25.1	73.6%

Top Suppliers of Modified Starches to Nigeria in 2022:

India (4.2K tons)
Germany (3.2K tons)
Netherlands (1.6K tons)
Thailand (1.4K tons)
United States (0.9K tons)
Israel (0.8K tons)
Vietnam (0.8K tons)
China (0.8K tons)

Modified Starches Exports in Nigeria

In 2022, after two years of decline, there was significant growth in overseas shipments of dextrins and other modified starches, when their volume increased by 886% to 8.7 tons. Overall, exports, however, showed a abrupt setback.

In value terms, modified starches exports skyrocketed to $2.4K in 2022. In general, exports, however, saw a dramatic decrease.

Export of Modified Starches in Nigeria (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Zambia	4,164	2,612	216	1,326	-31.7%
Ghana	3,098	1,561	103	511	-45.2%
United States	N/A	N/A	N/A	328	0%
Niger	424	266	22.0	135	-31.7%
Benin	32.0	29.0	6.0	43.0	10.4%
Cote d'Ivoire	865	N/A	N/A	N/A	0%
Others	36.0	20.0	9.0	81.0	31.0%
Total	8,619	4,488	356	2,424	-34.5%

Top Export Markets for Modified Starches from Nigeria in 2022:

Ghana (6.1 tons)
United States (1.6 tons)
Zambia (0.5 tons)
Niger (0.3 tons)
Benin (0.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the modified starches 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 10621170 - Dextrins and other modified starches (including esterified or etherified, soluble starch, pregelatinised or swelling starch, d ialdehyde starch, starch treated with formaldehyde or epichlorohydrin)

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