Nigeria - Fish Fillets and Other Fish Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fish Fillets and Other Fish Meat in Nigeria - 2022
Contents:
- Price for Fish Fillets and Other Fish Meat in Nigeria (CIF) - 2022
- Price for Fish Fillets and Other Fish Meat in Nigeria (FOB) - 2022
- Imports of Fish Fillets and Other Fish Meat in Nigeria
- Exports of Fish Fillets and Other Fish Meat in Nigeria
Price for Fish Fillets and Other Fish Meat in Nigeria (CIF) - 2022
In 2022, the average import price for fish fillets and other fish meat amounted to $2,103 per ton, falling by -24.9% against the previous year. In general, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 103% against the previous year. The import price peaked at $4,635 per ton in 2015; however, from 2016 to 2022, 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 Norway ($7,304 per ton), while the price for Ireland ($361 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Fillets and Other Fish Meat in Nigeria (FOB) - 2022
The average export price for fish fillets and other fish meat stood at $5,376 per ton in 2022, growing by 5% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 24%. Over the period under review, the average export prices hit record highs at $7,400 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($10,126 per ton), while the average price for exports to Niger ($1,549 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 Niger (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fish Fillets and Other Fish Meat in Nigeria
Imports of fish fillets and other fish meat into Nigeria surged to 1.3K tons in 2022, picking up by 29% compared with the previous year's figure. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -22.3% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 64%. As a result, imports reached the peak of 1.7K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of fish fillets and other fish meat reduced modestly to $2.8M in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 7.1%.
| Import of Fish Fillets and Other Fish Meat in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 593 | 456 | 401 | 590 | -0.2% |
| Netherlands | 196 | 164 | 106 | 393 | 26.1% |
| Ireland | N/A | N/A | N/A | 82.7 | 0% |
| Germany | 38.7 | 9.7 | 8.0 | 73.1 | 23.6% |
| South Africa | 119 | 32.2 | 140 | 33.5 | -34.5% |
| United States | 5.6 | 48.0 | 38.0 | 30.0 | 75.0% |
| Niger | 226 | 777 | 91.7 | N/A | -36.3% |
| Vietnam | 455 | 255 | 222 | N/A | -30.1% |
| Togo | 436 | N/A | N/A | N/A | 0% |
| Peru | 123 | N/A | N/A | N/A | 0% |
| Mauritania | N/A | N/A | 980 | N/A | 0% |
| Canada | 41.9 | 589 | 490 | N/A | 242.0% |
| Others | 319 | 406 | 441 | 1,625 | 72.1% |
| Total | 2,554 | 2,736 | 2,918 | 2,827 | 3.4% |
Top Suppliers of Fish Fillets and Other Fish Meat to Nigeria in 2022:
- Ireland (228.9 tons)
- Norway (80.7 tons)
- Netherlands (58.5 tons)
- Germany (22.1 tons)
- South Africa (20.5 tons)
- United States (9.3 tons)
Exports of Fish Fillets and Other Fish Meat in Nigeria
In 2022, exports of fish fillets and other fish meat from Nigeria reduced markedly to 99 tons, waning by -22.8% compared with the year before. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 84% against the previous year.
In value terms, exports of fish fillets and other fish meat dropped remarkably to $532K in 2022. In general, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 61%.
| Export of Fish Fillets and Other Fish Meat in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 174 | 167 | 282 | 200 | 4.8% |
| Germany | 22.0 | 20.6 | 18.9 | 32.7 | 14.1% |
| Niger | 0.6 | 7.0 | 10.6 | 26.7 | 254.4% |
| Spain | 75.4 | 1.4 | N/A | 13.7 | -43.4% |
| Luxembourg | 12.2 | 4.8 | 6.8 | 12.5 | 0.8% |
| Canada | 0.1 | 1.0 | 3.2 | 10.8 | 376.2% |
| France | 271 | 16.5 | N/A | N/A | -93.9% |
| Others | 361 | 189 | 334 | 236 | -13.2% |
| Total | 915 | 408 | 656 | 532 | -16.5% |
Top Export Markets for Fish Fillets and Other Fish Meat from Nigeria in 2022:
- Belgium (35.3 tons)
- Niger (17.3 tons)
- Germany (3.7 tons)
- Spain (1.6 tons)
- Canada (1.5 tons)
- Luxembourg (1.2 tons)
This report provides an in-depth analysis of the market for fish fillets and other fish meat 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 10201100 - Fresh or chilled fish fillets and other fish meat without bones
- Prodcom 10201400 - Frozen fish fillets
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
- Prodcom 10201110 -
- Prodcom 10201510 -
- Prodcom 10201520 -
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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