Nigeria - Fresh Bread and Miscellaneous Bakery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fresh Bread and Miscellaneous Bakery in Nigeria - 2022
Contents:
- Price for Fresh Bread and Miscellaneous Bakery in Nigeria (CIF) - 2022
- Price for Fresh Bread and Miscellaneous Bakery in Nigeria (FOB) - 2022
- Imports of Fresh Bread and Miscellaneous Bakery in Nigeria
- Exports of Fresh Bread and Miscellaneous Bakery in Nigeria
Price for Fresh Bread and Miscellaneous Bakery in Nigeria (CIF) - 2022
The average import price for fresh bread and miscellaneous bakery stood at $950 per ton in June 2022, surging by 7.6% against the previous month. Overall, the import price, however, recorded a pronounced decline. The pace of growth appeared the most rapid in October 2021 an increase of 58% m-o-m. The import price peaked at $1,574 per ton in June 2021; however, from July 2021 to June 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($1,696 per ton), while the price for India ($257 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 Malaysia (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh Bread and Miscellaneous Bakery in Nigeria (FOB) - 2022
In 2022, the average export price for fresh bread and miscellaneous bakery amounted to $1,365 per ton, approximately reflecting the previous year. Over the period under review, the export price showed a perceptible reduction. The pace of growth was the most pronounced in 2019 when the average export price increased by 108% against the previous year. The export price peaked at $3,014 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($5,108 per ton), while the average price for exports to Niger ($606 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 Thailand (+500.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh Bread and Miscellaneous Bakery in Nigeria
In 2022, approx. 16K tons of fresh bread and miscellaneous bakery were imported into Nigeria; picking up by 750% compared with the previous year's figure. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, fresh bread and miscellaneous bakery imports surged to $12M in 2022. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fresh Bread and Miscellaneous Bakery in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 533 | 66.3 | 155 | 1,069 | 26.1% |
| Belgium | 49.1 | 127 | 175 | 857 | 159.4% |
| Germany | 124 | 56.8 | 2.3 | 663 | 74.9% |
| United Arab Emirates | 25.9 | 73.9 | 129 | 645 | 192.0% |
| United States | 10.0 | 12.4 | 3.8 | 644 | 300.8% |
| France | 82.7 | 63.1 | 169 | 378 | 66.0% |
| India | 18.2 | 4.5 | 33.3 | 339 | 165.1% |
| Turkey | 5.4 | 10.9 | 7.0 | 139 | 195.3% |
| Egypt | 16.6 | 23.9 | 27.0 | 112 | 89.0% |
| Others | 1,265 | 945 | 1,244 | 7,050 | 77.3% |
| Total | 2,129 | 1,384 | 1,946 | 11,897 | 77.5% |
Top Suppliers of Fresh Bread and Miscellaneous Bakery to Nigeria in 2022:
- China (7.1K tons)
- United States (0.7K tons)
- Belgium (0.7K tons)
- United Arab Emirates (0.5K tons)
- India (0.4K tons)
- Germany (0.3K tons)
- Turkey (0.2K tons)
- Egypt (0.2K tons)
- France (0.2K tons)
Exports of Fresh Bread and Miscellaneous Bakery in Nigeria
In 2022, the amount of fresh bread and miscellaneous bakery exported from Nigeria skyrocketed to 520 tons, jumping by 102% on 2021. Over the period under review, exports, however, saw a deep slump.
In value terms, fresh bread and miscellaneous bakery exports soared to $709K in 2022. Overall, exports, however, recorded a precipitous setback.
| Export of Fresh Bread and Miscellaneous Bakery in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 279 | 581 | 157 | 203 | -10.1% |
| Benin | 44.4 | 148 | 49.9 | 118 | 38.5% |
| Ghana | 16.0 | 16.0 | 39.5 | 93.8 | 80.3% |
| Senegal | 32.8 | 49.6 | 29.2 | 69.5 | 28.4% |
| Canada | 3.2 | 10.9 | 10.6 | 33.7 | 119.2% |
| Cameroon | 3.4 | 8.7 | 4.6 | 12.9 | 56.0% |
| Thailand | 1,031 | 0.1 | N/A | N/A | -100.0% |
| China | 260 | N/A | N/A | N/A | 0% |
| Turkey | 80.9 | 85.6 | N/A | N/A | 5.8% |
| Others | 29.8 | 166 | 61.2 | 178 | 81.4% |
| Total | 1,781 | 1,067 | 352 | 709 | -26.4% |
Top Export Markets for Fresh Bread and Miscellaneous Bakery from Nigeria in 2022:
- Niger (334.2 tons)
- Benin (84.8 tons)
- Ghana (40.5 tons)
- Senegal (13.6 tons)
- Canada (11.9 tons)
- Cameroon (10.9 tons)
This report provides an in-depth analysis of the market for fresh bread and miscellaneous bakery 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 10711100 - Fresh bread containing by weight in the dry matter state . 5 % of sugars and . 5 % of fat (excluding with added honey, e ggs, cheese or fruit)
- Prodcom 10711200 - Cake and pastry products, other bakers
- Prodcom 10721910 - Matzos
- Prodcom 10721920 - Communion wafers, empty cachets of a kind suitable for pharmaceutical use, sealing wafers, rice paper and similar products
- Prodcom 10721940 - Biscuits (excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa, sweet biscuits, waffles and wafers)
- Prodcom 10721950 - Savoury or salted extruded or expanded products
- Prodcom 10721990 - Bakersu2019 wares, no added sweetening (including crepes, pancakes, quiche, pizza; excluding sandwiches, crispbread, waffles, wafers, rusks, toasted, savoury or salted extruded/expanded products)
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
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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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