Nigeria - Butter And Dairy Spreads - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Butter and Dairy Spreads in Nigeria - 2022
Contents:
- Price for Butter and Dairy Spreads in Nigeria (CIF) - 2022
- Price for Butter and Dairy Spreads in Nigeria (FOB) - 2022
- Imports of Butter and Dairy Spreads in Nigeria
- Exports of Butter and Dairy Spreads in Nigeria
Price for Butter and Dairy Spreads in Nigeria (CIF) - 2022
In 2022, the average butter and dairy spreads import price amounted to $2,775 per ton, picking up by 32% against the previous year. In general, the import price recorded a pronounced expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 92%. As a result, import price reached the peak level of $4,647 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($6,349 per ton), while the price for China ($370 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Butter and Dairy Spreads in Nigeria (FOB) - 2022
In 2022, the average butter and dairy spreads export price amounted to $1,754 per ton, with an increase of 31% against the previous year. In general, the export price continues to indicate perceptible growth. The pace of growth appeared the most rapid in 2014 an increase of 120% against the previous year. The export price peaked at $4,141 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to +53.5% per year.
Imports of Butter and Dairy Spreads in Nigeria
In 2022, purchases abroad of butter and dairy spreads decreased by -13% to 1K tons, falling for the second year in a row after two years of growth. Overall, imports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2020 with an increase of 113%. As a result, imports attained the peak of 2K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, butter and dairy spreads imports expanded remarkably to $2.8M in 2022. Over the period under review, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2020 when imports increased by 117% against the previous year. As a result, imports reached the peak of $4.8M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Butter and Dairy Spreads in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 473 | 1,408 | 575 | 1,248 | 38.2% |
| Denmark | 93.5 | 97.2 | 81.1 | 467 | 70.9% |
| Netherlands | 170 | 8.4 | 8.3 | 388 | 31.7% |
| South Africa | 12.8 | 22.2 | 15.5 | 191 | 146.2% |
| Italy | 43.0 | 19.7 | 36.5 | 146 | 50.3% |
| Germany | 76.7 | 85.7 | 63.7 | 136 | 21.0% |
| Indonesia | 72.9 | 199 | 70.5 | 42.4 | -16.5% |
| China | 4.9 | 164 | 3.2 | 40.0 | 101.4% |
| New Zealand | 125 | 304 | 214 | N/A | 30.8% |
| Antigua and Barbuda | 198 | 474 | 329 | N/A | 28.9% |
| Malaysia | 12.2 | 68.0 | 67.0 | N/A | 134.3% |
| Others | 918 | 1,919 | 951 | 115 | -50.0% |
| Total | 2,200 | 4,770 | 2,416 | 2,775 | 8.0% |
Top Suppliers of Butter and Dairy Spreads to Nigeria in 2022:
- France (460.9 tons)
- Netherlands (161.3 tons)
- China (108.2 tons)
- Denmark (94.0 tons)
- Germany (52.4 tons)
- Indonesia (30.6 tons)
- South Africa (30.1 tons)
- Italy (29.0 tons)
Exports of Butter and Dairy Spreads in Nigeria
Butter and dairy spreads exports from Nigeria surged to 13 tons in 2022, rising by 23% on the previous year. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 218%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, butter and dairy spreads exports surged to $23K in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 347%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.
| Export of Butter and Dairy Spreads in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.6 | 2.6 | 9.7 | 22.8 | 85.0% |
| Central African Republic | 0.4 | 0.4 | 1.9 | N/A | 117.9% |
| Others | 0.1 | 0.2 | 2.6 | N/A | 409.9% |
| Total | 4.2 | 3.2 | 14.2 | 22.8 | 75.7% |
Top Export Markets for Butter and Dairy Spreads from Nigeria in 2022:
- United States (13.0 tons)
This report provides an in-depth analysis of the market for butter and dairy spreads 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 983 - Butter and Ghee of Sheep Milk
- FCL 1022 - Butter of Goat Milk
- FCL 952 - Butter of Buffalo Milk
- FCL 886 - Butter of Cow Milk
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, PRODUCING ANIMALS 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
- Producing Animals Slaughtered, 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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This report provides an in-depth analysis of the market for butter and dairy spreads in Nigeria.
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This report provides an in-depth analysis of the butter and ghee market in Nigeria.
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This report provides an in-depth analysis of the ghee market in Nigeria.
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This report provides an in-depth analysis of the butter market in Nigeria.
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This report provides an in-depth analysis of the dairy produce market in Nigeria.
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This report provides an in-depth analysis of the dairy spread market in Nigeria.
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This report provides an in-depth analysis of the global market for butter and dairy spreads.
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This report provides an in-depth analysis of the global butter and ghee market.
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This report provides an in-depth analysis of the global ghee market.
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This report provides an in-depth analysis of the global butter market.
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Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
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Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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In 2015, the countries with the highest levels of butter and ghee production were Turkey (X thousand tons), Iran (X thousand tons), Syria (X thousand tons), together accounting for X% of total output.
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The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
2772
The market of butter and ghee fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015. Over the last year, the market dropped by X% in value terms.
1742
New Zealand seized control of the butter and ghee market. In 2014, New Zealand exported X thousand tons of butter and ghee totaling X USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total but
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New Zealand continued its dominance in the global ghee trade. In 2014, New Zealand exported X thousand tons of ghee totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total ghee
897
This year global butter production is anticipated to keep up with ha last year, amounting to 5.6M tons. The EU is forecast to decrease butter exports due to a slight drop in production amid an increase in demand. Butter exports from New Zealand are not forecast to grow due to increased competition with UHT cream for food service being increasingly in demand.
1997
The global trade in butter amounted to X million USD in 2015, fluctuating wildly over the period under review. A significant drop in 2009 was followed by a recovery over the next two years, until exports decreased again
