Nigeria - Pistachios - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPistachio Price in Nigeria - 2022
Contents:
- Pistachio Price in Nigeria (CIF) - 2022
- Pistachio Price in Nigeria (FOB) - 2022
- Pistachio Imports in Nigeria
- Pistachio Exports in Nigeria
Pistachio Price in Nigeria (CIF) - 2022
In 2022, the average pistachio import price amounted to $1,381 per ton, reducing by -82.7% against the previous year. Overall, the import price recorded a abrupt decline. The growth pace was the most rapid in 2014 when the average import price increased by 89%. Over the period under review, average import prices hit record highs at $17,473 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to 0.0% per year.
Pistachio Price in Nigeria (FOB) - 2022
The average pistachio export price stood at $2,950 per ton in 2022, reducing by -40.5% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 340% against the previous year. As a result, the export price reached the peak level of $13,998 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($9,219 per ton), while the average price for exports to Cameroon ($194 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 France (-10.7%), while the prices for the other major destinations experienced a decline.
Pistachio Imports in Nigeria
For the fourth year in a row, Nigeria recorded growth in supplies from abroad of pistachios, which increased by 305,530% to 9K tons in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, pistachio imports soared to $12M in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Pistachio in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 12.1 | 0% |
| Others | N/A | N/A | N/A | 0.4 | 0% |
| Total | N/A | N/A | N/A | 12.4 | 0% |
Top Suppliers of Pistachio to Nigeria in 2022:
- China (9.0K tons)
Pistachio Exports in Nigeria
In 2022, approx. 965 kg of pistachios were exported from Nigeria; falling by -30.3% against 2021. Overall, exports recorded a dramatic decline. The smallest decline of -14.1% was in 2020.
In value terms, pistachio exports shrank notably to $2.8K in 2022. In general, exports saw a precipitous shrinkage.
| Export of Pistachio in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 186 | 48.9 | 6.5 | 2.7 | -75.6% |
| Cameroon | 6.1 | 8.5 | 0.2 | 0.1 | -74.6% |
| France | 0.7 | 0.8 | 0.1 | N/A | -62.2% |
| Others | 0.7 | 1.1 | 0.1 | N/A | -62.2% |
| Total | 194 | 59.2 | 6.9 | 2.8 | -75.7% |
Top Export Markets for Pistachio from Nigeria in 2022:
- Cameroon (643.0 kg)
- Austria (292.0 kg)
- France (10.0 kg)
This report provides an in-depth analysis of the pistachio 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 223 - Pistachios
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
- COUNTRIES WITH TOP YIELDS
- 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, 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
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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
- 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
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Global pistachio market analysis from 2023 to 2030, including consumption trends, market performance, production, imports, and exports.
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Pistachio prices are to keep moderately growing as global production is forecast to drop by 16% y/y to 829K tons in 2022. Lower outputs are expected in Iran and Turkey, while U.S. production is projected to gain 10% y/y to a record 523K tons, ensuring stable exports.
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The global pistachio market expanded slightly to $10.6B in 2019, growing by 4% against the previous year. This figure...
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Global pistachio consumption amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
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In 2015, the country with the largest volume of the pistachio output was Iran (X thousand tons), accounting for X% of global production.
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The sanctions imposed on Iran in X were partially lifted this year on January, X. Despite the toll taken on the Iranian economy by years under these measures, the country was able to maintain its world's highest rates of pistachio production, doubl
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By virtue of a nearly X% jump in exports in 2014, Germany assumed the second spot in the global pistachio trade. In 2014, Germany exported X thousand tons of pistachios totaling X million USD, X% over the previous year. Its primary trading partn
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In 2013, the U.S. and Iran were the main global suppliers of pistachios with a combined share of X% of global exports. However, the fastest growing suppliers from 2007 to 2013 were Turkey (+X% per year). The U.S. strengthened its position in the
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