Nigeria - Roots And Tubers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRoot and Tuber Price in Nigeria - 2022
Contents:
- Root and Tuber Price in Nigeria (CIF) - 2022
- Root and Tuber Price in Nigeria (FOB) - 2022
- Root and Tuber Imports in Nigeria
- Root and Tuber Exports in Nigeria
Root and Tuber Price in Nigeria (CIF) - 2022
The average root and tuber import price stood at $928 per ton in 2022, increasing by 4.9% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, root and tuber import price increased by +95.7% against 2016 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 37% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Niger ($5,620 per ton), while the price for Egypt ($266 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (+28.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Root and Tuber Price in Nigeria (FOB) - 2022
In 2022, the average root and tuber export price amounted to $525 per ton, which is down by -8.1% against the previous year. In general, the export price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 41% against the previous year. The export price peaked at $696 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 the United States ($2,436 per ton), while the average price for exports to Niger ($457 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 Antigua and Barbuda (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.
Root and Tuber Imports in Nigeria
In 2022, purchases abroad of roots and tubers decreased by -25.1% to 1.2K tons, falling for the second year in a row after two years of growth. In general, imports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 73%. As a result, imports reached the peak of 5K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, root and tuber imports dropped dramatically to $1.1M in 2022. Over the period under review, imports showed a sharp setback. The growth pace was the most rapid in 2020 with an increase of 55%. As a result, imports attained the peak of $3.8M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Root and Tuber in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 40.2 | 187 | 468 | 549 | 139.0% |
| Netherlands | 372 | 302 | 332 | 237 | -14.0% |
| Brazil | 117 | 273 | 73.0 | 93.6 | -7.2% |
| United Kingdom | 285 | 417 | 40.8 | 82.4 | -33.9% |
| China | 957 | 1,204 | 13.5 | 65.0 | -59.2% |
| Egypt | 0.1 | 0.3 | 0.1 | 32.7 | 588.9% |
| Pakistan | 1.0 | 2.4 | 3.9 | 10.0 | 115.4% |
| Germany | 123 | 323 | 92.3 | N/A | -13.4% |
| Lithuania | 51.2 | 233 | N/A | N/A | 355.1% |
| Singapore | 198 | 97.4 | 77.4 | N/A | -37.5% |
| Others | 334 | 794 | 272 | 9.4 | -69.6% |
| Total | 2,478 | 3,833 | 1,374 | 1,079 | -24.2% |
Top Suppliers of Root and Tuber to Nigeria in 2022:
- Netherlands (439.2 tons)
- Brazil (178.0 tons)
- United Kingdom (168.5 tons)
- Egypt (123.3 tons)
- China (121.1 tons)
- Niger (97.8 tons)
- Pakistan (19.2 tons)
Root and Tuber Exports in Nigeria
In 2022, overseas shipments of roots and tubers decreased by -55.5% to 763 tons, falling for the second consecutive year after two years of growth. In general, exports saw a sharp reduction. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. As a result, the exports reached the peak of 3.5K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, root and tuber exports fell rapidly to $401K in 2022. Overall, exports continue to indicate a precipitous shrinkage. The smallest decline of -13.5% was in 2020.
| Export of Root and Tuber in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 239 | 300 | 142 | 317 | 9.9% |
| United States | 135 | 81.4 | 39.2 | 54.8 | -26.0% |
| Czech Republic | 0.4 | N/A | 0.3 | 11.7 | 208.1% |
| Belgium | 0.1 | 1.5 | 0.2 | 9.2 | 351.4% |
| United Kingdom | 66.6 | 274 | 157 | 6.8 | -53.3% |
| Spain | 325 | 64.7 | 73.4 | N/A | -52.5% |
| Cameroon | 12.7 | 18.4 | 8.5 | N/A | -18.2% |
| China | 19.5 | 111 | 17.5 | N/A | -5.3% |
| Netherlands | 53.0 | 14.2 | 63.1 | N/A | 9.1% |
| Ghana | N/A | 378 | 76.6 | N/A | -79.7% |
| Others | 1,018 | 372 | 401 | 1.5 | -88.6% |
| Total | 1,869 | 1,617 | 979 | 401 | -40.1% |
Top Export Markets for Root and Tuber from Nigeria in 2022:
- Niger (692.6 tons)
- United States (22.5 tons)
- Czech Republic (15.0 tons)
- Belgium (13.2 tons)
- United Kingdom (12.2 tons)
This report provides an in-depth analysis of the root and tuber market 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 125 - Cassava
- FCL 149 - Roots and tubers nes
- FCL 122 - Sweet potatoes
- FCL 136 - Taro (Cocoyam)
- FCL 137 - Yams
- FCL 135 - Yautia (Cocoyam)
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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