Nigeria - Malt Extract And Food Preparations Of Flour, Meal, And Starch - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Malt Extract and Food Preparations of Flour, Meal, and Starch in Nigeria - 2022
Contents:
- Price for Malt Extract and Food Preparations of Flour, Meal, and Starch in Nigeria (CIF) - 2022
- Price for Malt Extract and Food Preparations of Flour, Meal, and Starch in Nigeria (FOB) - 2022
- Imports of Malt Extract and Food Preparations of Flour, Meal, and Starch in Nigeria
- Exports of Malt Extract and Food Preparations of Flour, Meal, and Starch in Nigeria
Price for Malt Extract and Food Preparations of Flour, Meal, and Starch in Nigeria (CIF) - 2022
The average import price for malt extract and food preparations of flour, meal, and starches stood at $3,488 per ton in June 2022, surging by 1.8% against the previous month. Over the period from June 2021 to June 2022, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in May 2022 an increase of 7.4% m-o-m. The import price peaked in June 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($5,798 per ton), while the price for China ($1,695 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 (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Malt Extract and Food Preparations of Flour, Meal, and Starch in Nigeria (FOB) - 2022
In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $463 per ton, declining by -23.7% against the previous year. Overall, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2014 an increase of 35% against the previous year. As a result, the export price reached the peak level of $2,740 per ton. From 2015 to 2022, the average 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 the United States ($583 per ton), while the average price for exports to the UK ($328 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 Ghana (-3.0%), while the prices for the other major destinations experienced a decline.
Imports of Malt Extract and Food Preparations of Flour, Meal, and Starch in Nigeria
Imports of malt extract and food preparations of flour, meal, and starches into Nigeria skyrocketed to 106K tons in 2022, growing by 17% compared with 2021. The total import volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 35% against the previous year. As a result, imports reached the peak of 114K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of malt extract and food preparations of flour, meal, and starches skyrocketed to $367M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +26.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +104.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 63%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Malt Extract and Food Preparations of Flour, Meal, and Starch in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 89.5 | 130 | 134 | 177 | 25.5% |
| Malaysia | 24.9 | 61.2 | 29.0 | 50.0 | 26.2% |
| Germany | 1.3 | 0.2 | 36.9 | 48.7 | 234.6% |
| Australia | 27.8 | 23.1 | 1.5 | 22.8 | -6.4% |
| China | 8.6 | 16.1 | 14.7 | 19.4 | 31.1% |
| Netherlands | 10.9 | 21.4 | 7.7 | 17.4 | 16.9% |
| New Zealand | 2.3 | 20.6 | 5.0 | 12.1 | 73.9% |
| France | 8.3 | 6.2 | 7.7 | 10.1 | 6.8% |
| Others | 6.2 | 14.2 | 14.8 | 10.0 | 17.3% |
| Total | 180 | 293 | 251 | 367 | 26.8% |
Top Suppliers of Malt Extract and Food Preparations of Flour, Meal, and Starch to Nigeria in 2022:
- Ireland (46.2K tons)
- Malaysia (17.3K tons)
- Germany (12.2K tons)
- China (8.1K tons)
- Australia (7.0K tons)
- Netherlands (4.5K tons)
- New Zealand (3.3K tons)
- France (3.1K tons)
Exports of Malt Extract and Food Preparations of Flour, Meal, and Starch in Nigeria
In 2022, the amount of malt extract and food preparations of flour, meal, and starches exported from Nigeria skyrocketed to 1.6K tons, increasing by 22% against 2021. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 647%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of malt extract and food preparations of flour, meal, and starches dropped to $721K in 2022. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 418%. As a result, the exports reached the peak of $778K, and then shrank in the following year.
| Export of Malt Extract and Food Preparations of Flour, Meal, and Starch in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 51.5 | 106 | 340 | 465 | 108.2% |
| United Kingdom | 7.5 | 16.1 | 172 | 236 | 215.7% |
| Germany | 11.1 | 17.7 | 9.2 | 17.5 | 16.4% |
| Netherlands | N/A | N/A | 40.1 | N/A | 0% |
| Ghana | 128 | N/A | 124 | N/A | -1.6% |
| Others | 0.1 | 10.1 | 92.8 | 2.9 | 207.2% |
| Total | 198 | 150 | 778 | 721 | 53.8% |
Top Export Markets for Malt Extract and Food Preparations of Flour, Meal, and Starch from Nigeria in 2022:
- United States (798.2 tons)
- United Kingdom (717.0 tons)
- Germany (41.2 tons)
This report provides an in-depth analysis of the market for malt extract and food preparations of flour, meal, and starch 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 50 - Malt Extract
- FCL 115 - Food Preparations of Flour, Meal or Malt Extract
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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