Nigeria - Frozen Fruits And Vegetables - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Frozen Fruits and Vegetables in Nigeria - 2022
Contents:
- Price for Frozen Fruits and Vegetables in Nigeria (CIF) - 2022
- Price for Frozen Fruits and Vegetables in Nigeria (FOB) - 2022
- Imports of Frozen Fruits and Vegetables in Nigeria
- Exports of Frozen Fruits and Vegetables in Nigeria
Price for Frozen Fruits and Vegetables in Nigeria (CIF) - 2022
In 2022, the average frozen fruits and vegetables import price amounted to $1,019 per ton, growing by 31% against the previous year. In general, the import price, however, continues to indicate a mild slump. Over the period under review, average import prices hit record highs at $1,217 per ton in 2018; however, from 2019 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 the UK ($1,363 per ton), while the price for China ($822 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Frozen Fruits and Vegetables in Nigeria (FOB) - 2022
In 2022, the average frozen fruits and vegetables export price amounted to $1,212 per ton, flattening at the previous year. Overall, the export price posted noticeable growth. The most prominent rate of growth was recorded in 2019 an increase of 806%. The export price peaked at $1,263 per ton in 2014; however, from 2015 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 Bahrain ($3,557 per ton), while the average price for exports to South Africa totaled $766 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+37.8%), while the prices for the other major destinations experienced a decline.
Imports of Frozen Fruits and Vegetables in Nigeria
Frozen fruits and vegetables imports into Nigeria soared to 25K tons in 2022, jumping by 113% on 2021. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen fruits and vegetables imports skyrocketed to $26M in 2022. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Fruits and Vegetables in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.4 | 0.3 | 1.5 | 7.1 | 160.9% |
| Belgium | 1.8 | 2.9 | 3.6 | 4.5 | 35.7% |
| Thailand | 0.1 | 0.6 | 0.7 | 2.7 | 200.0% |
| United Kingdom | 0.1 | 0.2 | 0.2 | 2.2 | 180.2% |
| South Africa | 0.1 | N/A | 0.1 | 2.0 | 171.4% |
| Brazil | N/A | 0.1 | 0.5 | 1.2 | 246.4% |
| India | N/A | 0.2 | N/A | 1.1 | 134.5% |
| Netherlands | 1.1 | 1.1 | 0.7 | 0.9 | -6.5% |
| Others | 1.0 | 1.3 | 1.9 | 4.0 | 58.7% |
| Total | 4.6 | 6.6 | 9.2 | 25.7 | 77.4% |
Top Suppliers of Frozen Fruits and Vegetables to Nigeria in 2022:
- China (8.6K tons)
- Belgium (4.1K tons)
- Thailand (3.0K tons)
- South Africa (1.8K tons)
- United Kingdom (1.6K tons)
- Brazil (1.2K tons)
- Netherlands (0.8K tons)
- India (0.8K tons)
Exports of Frozen Fruits and Vegetables in Nigeria
In 2022, approx. 17 tons of frozen fruits and vegetables were exported from Nigeria; almost unchanged from the previous year's figure. In general, exports recorded a dramatic descent. The smallest decline of -7.1% was in 2020.
In value terms, frozen fruits and vegetables exports stood at $20K in 2022. Overall, exports showed a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 142% against the previous year. As a result, the exports reached the peak of $40K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Frozen Fruits and Vegetables in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | N/A | N/A | 9.7 | 0% |
| Bahrain | N/A | N/A | N/A | 1.8 | 0% |
| Niger | 12.8 | N/A | N/A | N/A | 0% |
| United Kingdom | 2.2 | N/A | N/A | N/A | 0% |
| United States | 1.1 | N/A | N/A | N/A | 0% |
| Poland | N/A | 5.7 | N/A | N/A | 0% |
| Gambia | N/A | 28.0 | N/A | N/A | 0% |
| Ghana | 0.2 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 6.2 | N/A | 8.5 | 249.0% |
| Total | 16.5 | 40.0 | N/A | 20.0 | 6.6% |
Top Export Markets for Frozen Fruits and Vegetables from Nigeria in 2022:
- South Africa (12.6 tons)
- Bahrain (0.5 tons)
This report provides an in-depth analysis of the market for frozen fruits and vegetables 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 447 - Sweet Corn, Frozen
- FCL 473 - Vegetables, Frozen
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
- 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
-
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
-
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
-
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
-
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
-
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
-
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
625
This report provides an in-depth analysis of the market for frozen fruits and vegetables in Nigeria.
890
This report provides an in-depth analysis of the frozen sweet corn market in Nigeria.
626
This report provides an in-depth analysis of the market for frozen vegetables other than potato and corn in Nigeria.
835
This report provides an in-depth analysis of the frozen potato market in Nigeria.
369
This report provides an in-depth analysis of the frozen vegetable market in Nigeria.
460
This report provides an in-depth analysis of the frozen boiled potatoes market in Nigeria.
713
This report provides an in-depth analysis of the market for aircraft internal combustion engine in Nigeria.
336
This report provides an in-depth analysis of the market for benzol, toluol and xylol in Nigeria.
570
This report provides an in-depth analysis of the sawnwood market in Nigeria.
341
This report provides an in-depth analysis of the rennet market in Nigeria.
1360
Hungary dominates in the global trade of frozen sweet corn. In 2014, Hungary exported X thousand tons of frozen sweet corn totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of its to
497
Explore the world's best import markets for frozen vegetables, excluding potato and corn. With key statistics and numbers, discover the demand and preferences in these markets. Get insights from the IndexBox market intelligence platform.
246
Explore the top import markets for frozen potato and their key statistics. Learn about the leading countries and their import values in the global frozen potato industry.
1543
Global frozen potato consumption stood at $X in 2017, an increase of X% against the previous year. This figure reflec...
107
Discover the top import markets for frozen vegetables and key statistics on the global trade of frozen vegetables. Explore the demand for frozen vegetables in the United States, Japan, the United Kingdom, and more.
514
China, Japan, US, South Korea, India and United Arab Emirates are some of the best markets for exporting lumber. Learn about their import values and market size projections for the coming years.
789
American lumber prices have decreased threefold, closing in on pre-COVID levels, which should drive global prices down. The change in lumber prices is largely influenced by slumping demand for real estate which became more expensive from diminished access. In Russia, the world’s largest supplier, a sharp increase in lumber exports led to a shortage in the domestic market. Attempting to hold the price growth instigated by that, the Russian government implemented 10% export duties on lumber until the end of 2021. Due to this, the main importers of Russian goods may opt for other suppliers.
980
Increasing at an average annual rate of +2.0% during the past thirteen years, the global recovered paper market totaled $46.4B in 2021.
541
Paper waste exporters worldwide now have to shift their supply chains: China, a global key processor of imported waste, banned solid waste imports in 2021. Countries with insufficient domestic paper processing capacity will now be forced to develop these facilities, against the current global trend towards the circular economy.
711
The global pigments, opacifiers and colours market revenue amounted to $5.1B in 2017, declining by -6.9% against the previ...
