Nigeria - Cod, Salted or in Brine - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Cod, Salted or in Brine in Nigeria - 2022
Contents:
- Price for Cod, Salted or in Brine in Nigeria (CIF) - 2022
- Price for Cod, Salted or in Brine in Nigeria (FOB) - 2022
- Imports of Cod, Salted or in Brine in Nigeria
- Exports of Cod, Salted or in Brine in Nigeria
Price for Cod, Salted or in Brine in Nigeria (CIF) - 2022
In 2022, the average import price for cod, salted or in brine amounted to $3,058 per ton, picking up by 11% against the previous year. In general, the import price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2015 an increase of 33% against the previous year. Over the period under review, average import prices reached the maximum at $7,161 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($3,214 per ton), while the price for Iceland totaled $1,189 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+1.6%).
Price for Cod, Salted or in Brine in Nigeria (FOB) - 2022
In 2021, the average export price for cod, salted or in brine amounted to $3,311 per ton, remaining relatively unchanged against the previous year. In general, the export price posted buoyant growth. The pace of growth was the most pronounced in 2020 a decrease of 99.9%. The export price peaked in 2021 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Switzerland.
From 2019 to 2021, the rate of growth in terms of prices for Canada amounted to 0.0% per year.
Imports of Cod, Salted or in Brine in Nigeria
In 2022, supplies from abroad of cod, salted or in brine increased by 32% to 2.4 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a significant decline.
In value terms, cod, salted or in brine imports soared to $7.3K in 2022. Over the period under review, imports, however, recorded a precipitous shrinkage.
| Import of Cod, Salted or in Brine in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 45.5 | 9.4 | 4.8 | 7.1 | -46.2% |
| Iceland | 2.2 | 0.3 | 0.2 | 0.2 | -55.0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 47.7 | 9.7 | 5.0 | 7.3 | -46.5% |
Top Suppliers of Cod, Salted or in Brine to Nigeria in 2022:
- Norway (2.2 tons)
- Iceland (0.2 tons)
Exports of Cod, Salted or in Brine in Nigeria
In 2021, cod, salted or in brine exports from Nigeria amounted to 183 kg, approximately equating the year before. In general, exports saw a precipitous slump. The smallest decline of 99.9% was in 2020.
In value terms, cod, salted or in brine exports stood at $606 in 2021. Overall, exports recorded a deep slump. The smallest decline of 99.9% was in 2020.
| Export of Cod, Salted or in Brine in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Switzerland | N/A | N/A | 606 | 0% | |
| Canada | 874 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 874 | N/A | 606 | -16.7% | |
Top Export Markets for Cod, Salted or in Brine from Nigeria in 2022:
- Switzerland (183.0 kg)
This report provides an in-depth analysis of the market for cod, salted or in brine 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:
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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