Nigeria - Smoked Pacific, Atlantic And Danube Salmon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSmoked Salmon Price in Nigeria - 2022
Contents:
- Smoked Salmon Price in Nigeria (CIF) - 2022
- Smoked Salmon Price in Nigeria (FOB) - 2022
- Smoked Salmon Imports in Nigeria
- Smoked Salmon Exports in Nigeria
Smoked Salmon Price in Nigeria (CIF) - 2022
In 2022, the average smoked salmon import price amounted to $20,463 per ton, with an increase of 2.5% against the previous year. Over the period under review, the import price, however, recorded a slight descent. The growth pace was the most rapid in 2017 when the average import price increased by 20%. Over the period under review, average import prices attained the maximum at $23,042 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($45,951 per ton), while the price for Niger ($2,458 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Smoked Salmon Price in Nigeria (FOB) - 2022
In 2022, the average smoked salmon export price amounted to $20,972 per ton, declining by -3.3% against the previous year. Over the period under review, the export price, however, saw a modest increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 175% against the previous year. As a result, the export price attained the peak level of $48,911 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($567,250 per ton), while the average price for exports to South Africa totaled $7,792 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (-4.4%).
Smoked Salmon Imports in Nigeria
In 2022, approx. 7 tons of smoked pacific, atlantic and danube salmon were imported into Nigeria; waning by -2.1% on 2021 figures. Overall, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 4.3%.
In value terms, smoked salmon imports reached $144K in 2022. In general, imports showed a deep contraction.
| Import of Smoked Salmon in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 31.1 | 18.8 | 33.4 | 96.7 | 46.0% |
| Norway | 84.1 | 59.5 | 55.5 | 21.1 | -36.9% |
| Germany | 18.5 | 5.6 | 1.8 | 11.7 | -14.2% |
| France | 36.1 | 59.8 | 47.9 | 10.4 | -34.0% |
| Niger | N/A | N/A | N/A | 1.5 | 0% |
| Others | 2.2 | 0.6 | 4.6 | 2.4 | 2.9% |
| Total | 172 | 144 | 143 | 144 | -5.8% |
Top Suppliers of Smoked Salmon to Nigeria in 2022:
- Netherlands (4.9 tons)
- Norway (0.7 tons)
- Niger (0.6 tons)
- Germany (0.4 tons)
- France (0.2 tons)
Smoked Salmon Exports in Nigeria
In 2022, after three years of growth, there was significant decline in shipments abroad of smoked pacific, atlantic and danube salmon, when their volume decreased by -34.2% to 572 kg. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 216%. As a result, the exports reached the peak of 869 kg, and then fell markedly in the following year.
In value terms, smoked salmon exports dropped rapidly to $12K in 2022. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 266%. As a result, the exports attained the peak of $19K, and then contracted significantly in the following year.
| Export of Smoked Salmon in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 2.0 | 1.4 | 12.1 | 6.8 | 50.4% |
| South Africa | 2.8 | 1.7 | 2.0 | 4.3 | 15.4% |
| Others | N/A | 2.1 | 4.7 | 0.8 | -38.3% |
| Total | 4.7 | 5.1 | 18.9 | 12.0 | 36.7% |
Top Export Markets for Smoked Salmon from Nigeria in 2022:
- South Africa (557.0 kg)
- Niger (12.0 kg)
This report provides an in-depth analysis of the smoked salmon 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:
- Prodcom 10202420 -
- Prodcom 10202425 - Smoked Pacific, Atlantic and Danube salmon (including fillets, e xcluding heads, tails and maws)
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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