Nigeria - Sweet Biscuits, Waffles And Wafers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Sweet Biscuit, Waffle and Wafer in Nigeria - 2022
Contents:
- Price for Sweet Biscuit, Waffle and Wafer in Nigeria (CIF) - 2022
- Price for Sweet Biscuit, Waffle and Wafer in Nigeria (FOB) - 2022
- Imports of Sweet Biscuit, Waffle and Wafer in Nigeria
- Exports of Sweet Biscuit, Waffle and Wafer in Nigeria
Price for Sweet Biscuit, Waffle and Wafer in Nigeria (CIF) - 2022
In 2022, the average import price for sweet biscuits, waffles and wafers amounted to $2,169 per ton, growing by 4.7% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sweet biscuit, waffle and wafer import price increased by +18.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 33%. Over the period under review, average import prices hit record highs at $2,845 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($2,764 per ton), while the price for Italy ($875 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sweet Biscuit, Waffle and Wafer in Nigeria (FOB) - 2022
In 2022, the average export price for sweet biscuits, waffles and wafers amounted to $1,994 per ton, growing by 27% against the previous year. In general, the export price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 39%. Over the period under review, the average export prices reached the peak figure at $3,413 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($2,054 per ton), while the average price for exports to Togo totaled $864 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Togo (-0.8%), while the prices for the other major destinations experienced a decline.
Imports of Sweet Biscuit, Waffle and Wafer in Nigeria
In 2022, the amount of sweet biscuits, waffles and wafers imported into Nigeria skyrocketed to 5.5K tons, picking up by 83% on 2021. Over the period under review, imports showed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, sweet biscuit, waffle and wafer imports soared to $12M in 2022. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sweet Biscuit, Waffle and Wafer in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 3,842 | 6,573 | 3,927 | 7,759 | 26.4% |
| China | 286 | 398 | 329 | 610 | 28.7% |
| India | 293 | 628 | 300 | 602 | 27.1% |
| United Arab Emirates | 251 | 426 | 323 | 568 | 31.3% |
| Turkey | 14.6 | 214 | 269 | 443 | 211.9% |
| South Africa | 244 | 213 | 45.4 | 264 | 2.7% |
| Indonesia | 117 | 182 | 58.7 | 205 | 20.6% |
| Italy | 15.9 | 95.8 | 40.5 | 204 | 134.1% |
| Spain | 83.3 | 170 | 42.8 | 45.7 | -18.1% |
| Others | 742 | 946 | 890 | 1,202 | 17.4% |
| Total | 5,888 | 9,847 | 6,225 | 11,903 | 26.4% |
Top Suppliers of Sweet Biscuit, Waffle and Wafer to Nigeria in 2022:
- United Kingdom (2807.6 tons)
- China (603.6 tons)
- India (506.0 tons)
- United Arab Emirates (333.8 tons)
- Turkey (281.1 tons)
- Italy (233.8 tons)
- South Africa (169.4 tons)
- Indonesia (81.7 tons)
- Spain (25.6 tons)
Exports of Sweet Biscuit, Waffle and Wafer in Nigeria
After three years of growth, shipments abroad of sweet biscuits, waffles and wafers decreased by -34.4% to 344 tons in 2022. In general, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 88% against the previous year.
In value terms, sweet biscuit, waffle and wafer exports fell markedly to $686K in 2022. Over the period under review, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 121%. As a result, the exports attained the peak of $1.1M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Sweet Biscuit, Waffle and Wafer in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 449 | 1,056 | 719 | 665 | 14.0% |
| Togo | 28.2 | 13.7 | 29.1 | 12.8 | -23.1% |
| Others | 24.3 | 40.6 | 73.1 | 8.0 | -31.0% |
| Total | 502 | 1,110 | 821 | 686 | 11.0% |
Top Export Markets for Sweet Biscuit, Waffle and Wafer from Nigeria in 2022:
- Ghana (323.7 tons)
- Togo (14.8 tons)
This report provides an in-depth analysis of the market for sweet biscuit, waffle and wafer 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 10721253 - Sweet biscuits, waffles and wafers completely or partially coated or covered with chocolate or other preparations containing cocoa
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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