Report Update: Apr 1, 2024

Nigeria - Sweet Corn Prepared Or Preserved - Market Analysis, Forecast, Size, Trends and Insights

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Preserved Sweet Corn Price in Nigeria - 2022

Preserved Sweet Corn Price in Nigeria (CIF) - 2022

The average preserved sweet corn import price stood at $1,070 per ton in June 2022, with an increase of 6.5% against the previous month. In general, the import price enjoyed a moderate expansion. The most prominent rate of growth was recorded in December 2021 an increase of 902% month-to-month. As a result, import price attained the peak level of $8,461 per ton. From January 2022 to June 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In June 2022, the country with the highest price was the UK ($1,125 per ton), while the price for France amounted to $1,005 per ton.

From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Preserved Sweet Corn Price in Nigeria (FOB) - 2022

The average preserved sweet corn export price stood at $4,576 per ton in 2022, increasing by 22% against the previous year. Overall, the export price recorded mild growth. The most prominent rate of growth was recorded in 2018 an increase of 63% against the previous year. As a result, the export price attained the peak level of $11,625 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($4,797 per ton), while the average price for exports to Benin stood at $3,405 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (-0.5%).

Preserved Sweet Corn Imports in Nigeria

For the fourth consecutive year, Nigeria recorded growth in overseas purchases of sweet corn prepared or preserved, which increased by 14% to 1.9K tons in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 441% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, preserved sweet corn imports skyrocketed to $4.4M in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 604% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Import of Preserved Sweet Corn in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	7.5	226	1,388	2,093	553.5%
Thailand	0.7	29.2	529	756	926.0%
Hong Kong SAR	2.0	32.6	73.6	105	274.4%
France	0.2	4.8	56.4	85.9	654.5%
South Africa	1.1	12.0	15.6	58.6	276.3%
United Kingdom	38.2	142	34.0	57.4	14.5%
United States	10.1	29.2	15.9	53.7	74.5%
Others	25.1	122	616	1,173	260.2%
Total	84.9	597	2,728	4,383	272.4%

Top Suppliers of Preserved Sweet Corn to Nigeria in 2022:

China (564.1 tons)
Thailand (537.3 tons)
South Africa (144.1 tons)
United Kingdom (109.0 tons)
Hong Kong SAR (98.2 tons)
United States (72.4 tons)
France (62.8 tons)

Preserved Sweet Corn Exports in Nigeria

In 2022, after three years of growth, there was significant decline in shipments abroad of sweet corn prepared or preserved, when their volume decreased by -27% to 745 kg. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 129% against the previous year.

In value terms, preserved sweet corn exports reduced to $3.4K in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. As a result, the exports attained the peak of $3.8K, and then shrank in the following year.

Export of Preserved Sweet Corn in Nigeria (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	N/A	144	349	734	125.8%
Benin	2,295	295	244	252	-52.1%
Saudi Arabia	N/A	N/A	691	N/A	0%
Others	12.0	2,537	2,556	2,423	486.7%
Total	2,307	2,976	3,840	3,409	13.9%

Top Export Markets for Preserved Sweet Corn from Nigeria in 2022:

Belgium (153.0 kg)
Benin (74.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the preserved sweet corn 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 448 - Sweet Corn, Prepared or Preserved

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, HARVESTED AREA AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023