Nigeria - Shelled Walnuts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingShelled Walnut Price in Nigeria - 2022
Contents:
- Shelled Walnut Price in Nigeria (CIF) - 2022
- Shelled Walnut Price in Nigeria (FOB) - 2022
- Shelled Walnut Imports in Nigeria
- Shelled Walnut Exports in Nigeria
Shelled Walnut Price in Nigeria (CIF) - 2022
In 2022, the average shelled walnut import price amounted to $9,197 per ton, picking up by 4.4% against the previous year. In general, the import price saw strong growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 61% against the previous year. As a result, import price reached the peak level of $9,805 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($14,411 per ton), while the price for the Netherlands ($7,042 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+54.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Shelled Walnut Price in Nigeria (FOB) - 2022
The average shelled walnut export price stood at $10,115 per ton in 2022, approximately reflecting the previous year. Overall, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 82% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($35,382 per ton), while the average price for exports to Belgium ($2,654 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 the Netherlands (+19.4%).
Shelled Walnut Imports in Nigeria
In 2022, after three years of growth, there was decline in supplies from abroad of shelled walnuts, when their volume decreased by -3.8% to 3.6 tons. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 8.3% against the previous year. As a result, imports reached the peak of 3.7 tons, and then declined slightly in the following year.
In value terms, shelled walnut imports totaled $33K in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 1.5% against the previous year. As a result, imports reached the peak of $33K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Shelled Walnut in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Luxembourg | 8.2 | 18.2 | 12.5 | 16.4 | 26.0% |
| Germany | 2.3 | 5.5 | 4.0 | 6.8 | 43.5% |
| India | 0.9 | 2.5 | 1.3 | 0.7 | -8.0% |
| Turkey | N/A | 2.6 | 1.8 | 0.5 | -56.1% |
| Netherlands | 2.7 | 3.3 | 1.2 | 0.5 | -43.0% |
| South Africa | 4.5 | 0.1 | 0.1 | 0.5 | -51.9% |
| United States | N/A | N/A | 11.5 | N/A | 0% |
| Others | 14.0 | 0.9 | 0.4 | 7.7 | -18.1% |
| Total | 32.7 | 33.2 | 32.9 | 33.0 | 0.3% |
Top Suppliers of Shelled Walnut to Nigeria in 2022:
- Luxembourg (1999.0 kg)
- Germany (617.0 kg)
- Netherlands (71.0 kg)
- Turkey (59.0 kg)
- South Africa (47.0 kg)
- India (47.0 kg)
Shelled Walnut Exports in Nigeria
In 2022, shipments abroad of shelled walnuts decreased by 0% to 26 kg, falling for the second consecutive year after two years of growth. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 3.8% against the previous year. As a result, the exports reached the peak of 27 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, shelled walnut exports amounted to $263 in 2022. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 1.5% against the previous year. As a result, the exports reached the peak of $264. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Shelled Walnut in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | N/A | 44.0 | 0% |
| Netherlands | 260 | 12.0 | 262 | 36.0 | -48.3% |
| Belgium | N/A | N/A | N/A | 14.0 | 0% |
| Canada | N/A | N/A | N/A | 9.0 | 0% |
| Others | N/A | 252 | N/A | 160 | -20.3% |
| Total | 260 | 264 | 262 | 263 | 0.4% |
Top Export Markets for Shelled Walnut from Nigeria in 2022:
- Belgium (5.0 kg)
- France (2.0 kg)
- Canada (1.0 kg)
- Netherlands (1.0 kg)
This report provides an in-depth analysis of the shelled walnut 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 222 - Walnuts
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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