Report Update: May 1, 2024

Nigeria - Prepared Dishes and Meals - Market Analysis, Forecast, Size, Trends And Insights

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Price for Prepared Dishes and Meal in Nigeria - 2022

Price for Prepared Dishes and Meal in Nigeria (CIF) - 2022

In June 2022, the average prepared dishes and meal import price amounted to $4,473 per ton, waning by -17.6% against the previous month. Overall, import price indicated strong growth from June 2021 to June 2022: its price increased at an average monthly rate of +5.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, prepared dishes and meal import price decreased by -17.6% against May 2022 indices. The most prominent rate of growth was recorded in July 2021 when the average import price increased by 64% month-to-month. Over the period under review, average import prices reached the maximum at $5,428 per ton in May 2022, and then declined notably in the following month.

There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was France ($19,901 per ton), while the price for China ($1,215 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 the UK (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Prepared Dishes and Meal in Nigeria (FOB) - 2022

The average prepared dishes and meal export price stood at $664 per ton in 2022, falling by -53.1% against the previous year. Overall, the export price faced a abrupt shrinkage. The growth pace was the most rapid in 2013 when the average export price increased by 203%. As a result, the export price reached the peak level of $6,502 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,439 per ton), while the average price for exports to the United States ($446 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 Italy (+57.9%), while the prices for the other major destinations experienced a decline.

Imports of Prepared Dishes and Meal in Nigeria

In 2022, imports of prepared dishes and meals into Nigeria soared to 83K tons, increasing by 24% compared with 2021. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 129% against the previous year. As a result, imports reached the peak of 91K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, prepared dishes and meal imports skyrocketed to $235M in 2022. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 138% against the previous year. As a result, imports attained the peak of $305M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Prepared Dishes and Meal in Nigeria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	11.1	89.8	21.1	40.9	54.5%
Germany	11.1	27.6	30.3	31.1	41.0%
China	11.8	40.8	26.5	27.2	32.1%
United States	20.0	26.3	25.8	26.5	9.8%
Netherlands	9.9	21.6	20.4	21.0	28.5%
France	5.0	5.4	8.2	8.4	18.9%
Malaysia	3.2	2.9	8.0	8.2	36.8%
United Kingdom	4.5	10.8	7.9	8.1	21.6%
South Africa	7.1	8.9	7.7	8.0	4.1%
Denmark	2.6	11.2	7.4	7.6	43.0%
Spain	6.0	8.1	2.3	5.5	-2.9%
Thailand	0.5	0.9	3.1	3.2	85.7%
Indonesia	1.8	3.2	3.0	3.0	18.6%
Others	33.8	47.3	22.3	36.7	2.8%
Total	128	305	194	235	22.4%

Top Suppliers of Prepared Dishes and Meal to Nigeria in 2022:

India (22.7K tons)
China (22.2K tons)
Germany (5.1K tons)
United Kingdom (4.7K tons)
Netherlands (4.1K tons)
Malaysia (3.6K tons)
Denmark (2.4K tons)
Indonesia (2.2K tons)
South Africa (2.0K tons)
Spain (1.7K tons)
Thailand (1.6K tons)
United States (1.5K tons)
France (1.4K tons)

Exports of Prepared Dishes and Meal in Nigeria

In 2022, shipments abroad of prepared dishes and meals decreased by -88.2% to 139 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 946% against the previous year. As a result, the exports attained the peak of 1.2K tons, and then contracted dramatically in the following year.

In value terms, prepared dishes and meal exports declined rapidly to $93K in 2022. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 1,650%. As a result, the exports attained the peak of $1.7M, and then fell dramatically in the following year.

Export of Prepared Dishes and Meal in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	6.3	7.7	314	48.3	97.2%
United Arab Emirates	40.1	65.5	245	37.6	-2.1%
Ghana	1.2	7.5	43.7	6.7	77.4%
Canada	N/A	N/A	80.2	N/A	0%
United Kingdom	N/A	3.0	115	N/A	3733.3%
Chad	N/A	N/A	776	N/A	0%
Netherlands	N/A	11.8	18.0	N/A	52.5%
Others	2.9	0.2	82.4	N/A	433.0%
Total	50.4	95.7	1,674	92.6	22.5%

Top Export Markets for Prepared Dishes and Meal from Nigeria in 2022:

United States (108.3 tons)
United Arab Emirates (26.2 tons)
Ghana (5.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for prepared dishes and meal 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 10851900 - Other prepared dishes and meals (including frozen pizza)
Prodcom 10891940 - Other food preparations n.e.c.

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023