Nigeria - Frozen Potatoes (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Frozen Potato Price in Nigeria - 2022
Contents:
- Preserved Frozen Potato Price in Nigeria (CIF) - 2022
- Preserved Frozen Potato Price in Nigeria (FOB) - 2022
- Preserved Frozen Potato Imports in Nigeria
- Preserved Frozen Potato Exports in Nigeria
Preserved Frozen Potato Price in Nigeria (CIF) - 2022
In June 2022, the average preserved frozen potato import price amounted to $1,032 per ton, shrinking by -11.7% against the previous month. Overall, import price indicated a mild expansion from June 2021 to June 2022: its price increased at an average monthly rate of +1.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, preserved frozen potato import price decreased by -11.7% against May 2022 indices. The growth pace was the most rapid in February 2022 when the average import price increased by 54% month-to-month. As a result, import price attained the peak level of $1,474 per ton. From March 2022 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 France ($1,479 per ton), while the price for Poland ($856 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 France (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Frozen Potato Price in Nigeria (FOB) - 2022
In 2022, the average preserved frozen potato export price amounted to $1,618 per ton, reducing by -59.8% against the previous year. Overall, the export price showed a noticeable descent. The pace of growth appeared the most rapid in 2021 when the average export price increased by 142%. As a result, the export price attained the peak level of $4,029 per ton, and then contracted markedly in the following year.
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 Bahrain ($6,000 per ton), while the average price for exports to South Africa ($1,266 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 Gambia (+22.2%), while the prices for the other major destinations experienced mixed trend patterns.
Preserved Frozen Potato Imports in Nigeria
In 2022, preserved frozen potato imports into Nigeria skyrocketed to 8.7K tons, with an increase of 38% on 2021. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 86%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, preserved frozen potato imports soared to $9.1M in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Preserved Frozen Potato in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1.0 | 1.5 | 2.5 | 2.6 | 37.5% |
| Barbados | 0.7 | 1.0 | 1.6 | 1.7 | 34.4% |
| Netherlands | 0.3 | 0.7 | 0.6 | 1.0 | 49.4% |
| Poland | N/A | N/A | 0.1 | N/A | 0% |
| Others | 0.1 | 0.1 | 0.4 | 3.9 | 239.1% |
| Total | 2.1 | 3.3 | 5.2 | 9.1 | 63.0% |
Top Suppliers of Preserved Frozen Potato to Nigeria in 2022:
- Belgium (2.5K tons)
- Barbados (1.5K tons)
- Netherlands (1.0K tons)
Preserved Frozen Potato Exports in Nigeria
In 2022, approx. 152 kg of frozen potatoes prepared or preserved were exported from Nigeria; rising by 117% on the previous year's figure. In general, exports posted a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, preserved frozen potato exports dropped to $246 in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 35% against the previous year.
| Export of Preserved Frozen Potato in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 112 | 2.0 | 32.0 | 100 | -3.7% |
| Egypt | 43.0 | 1.0 | 10.0 | 39.0 | -3.2% |
| Benin | N/A | 197 | N/A | 29.0 | -61.6% |
| Bahrain | N/A | N/A | N/A | 18.0 | 0% |
| Cyprus | N/A | N/A | 120 | N/A | 0% |
| Others | 3.0 | 13.0 | 120 | 60.0 | 171.4% |
| Total | 158 | 213 | 282 | 246 | 15.9% |
Top Export Markets for Preserved Frozen Potato from Nigeria in 2022:
- South Africa (79.0 kg)
- Egypt (28.0 kg)
- Benin (21.0 kg)
- Bahrain (3.0 kg)
This report provides an in-depth analysis of the preserved frozen potato 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 10311130 - Frozen potatoes, prepared or preserved (including potatoes cooked or partly cooked in oil and then frozen, excluding by vinegar or acetic acid)
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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