Nigeria - Sweet Biscuits Without Chocolate - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSweet Biscuit Price in Nigeria - 2022
Contents:
- Sweet Biscuit Price in Nigeria (CIF) - 2022
- Sweet Biscuit Price in Nigeria (FOB) - 2022
- Sweet Biscuit Imports in Nigeria
- Sweet Biscuit Exports in Nigeria
Sweet Biscuit Price in Nigeria (CIF) - 2022
In 2022, the average sweet biscuit import price amounted to $2,280 per ton, approximately equating the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sweet biscuit import price decreased by -2.8% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 34%. The import price peaked at $2,836 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($2,983 per ton), while the price for Pakistan ($323 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Sweet Biscuit Price in Nigeria (FOB) - 2022
In 2022, the average sweet biscuit export price amounted to $1,893 per ton, picking up by 23% against the previous year. Over the period under review, the export price, however, recorded a deep slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 25%. Over the period under review, the average export prices reached the maximum at $3,738 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($1,894 per ton), while the average price for exports to Cote d'Ivoire amounted to $1,890 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+8.3%), while the prices for the other major destinations experienced a decline.
Sweet Biscuit Imports in Nigeria
In 2022, purchases abroad of sweet biscuits decreased by -14.6% to 1.9K tons, falling for the second consecutive year after two years of growth. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 44% against the previous year. As a result, imports reached the peak of 3.5K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, sweet biscuit imports contracted to $4.3M in 2022. Over the period under review, imports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 66%. As a result, imports reached the peak of $8.1M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Sweet Biscuit in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 3,839 | 6,572 | 3,950 | 3,317 | -4.8% |
| China | 160 | 284 | 112 | 355 | 30.4% |
| India | 130 | 259 | 46.2 | 143 | 3.2% |
| Saudi Arabia | N/A | 1.1 | 23.5 | 89.7 | 803.0% |
| Brazil | N/A | N/A | 9.5 | 64.3 | 576.8% |
| Indonesia | 93.4 | 134 | 1.1 | 51.5 | -18.0% |
| United Arab Emirates | 212 | 295 | 282 | 26.1 | -50.3% |
| Pakistan | N/A | 4.2 | 4.5 | 16.0 | 95.2% |
| South Africa | 242 | 201 | 44.3 | N/A | -57.2% |
| Others | 232 | 399 | 493 | 212 | -3.0% |
| Total | 4,908 | 8,149 | 4,965 | 4,275 | -4.5% |
Top Suppliers of Sweet Biscuit to Nigeria in 2022:
- South Africa (undefined tons)
- United Kingdom (1111.9 tons)
- China (334.9 tons)
- Saudi Arabia (77.4 tons)
- India (71.7 tons)
- Brazil (66.0 tons)
- Pakistan (49.6 tons)
- Indonesia (31.0 tons)
- United Arab Emirates (22.8 tons)
Sweet Biscuit Exports in Nigeria
In 2022, shipments abroad of sweet biscuits decreased by -74.2% to 126 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a deep downturn. The growth pace was the most rapid in 2020 with an increase of 107%.
In value terms, sweet biscuit exports reduced notably to $239K in 2022. Overall, exports faced a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 145%. 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 in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 417 | 1,031 | 679 | 234 | -17.5% |
| Cote d'Ivoire | N/A | N/A | 10.6 | 4.9 | -53.8% |
| Others | 21.7 | 42.2 | 62.1 | N/A | 69.2% |
| Total | 439 | 1,073 | 752 | 239 | -18.3% |
Top Export Markets for Sweet Biscuit from Nigeria in 2022:
- Ghana (123.8 tons)
- Cote d'Ivoire (2.6 tons)
This report provides an in-depth analysis of the sweet biscuit 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 10721255 - Sweet biscuits (including sandwich biscuits, excluding those 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
711
This report provides an in-depth analysis of the sweet biscuit market in Nigeria.
994
This report provides an in-depth analysis of the market for sweet biscuit, waffle and wafer in Nigeria.
3060
This report provides an in-depth analysis of the bread and bakery market in Nigeria.
330
This report provides an in-depth analysis of the market for gingerbread, sweet biscuit and waffle in Nigeria.
486
This report provides an in-depth analysis of the market for crispbread, rusk and toasted bread in Nigeria.
592
This report provides an in-depth analysis of the waffle and wafer market in Nigeria.
427
This report provides an in-depth analysis of the market for rusks and toasted bread in Nigeria.
333
This report provides an in-depth analysis of the matzos market in Nigeria.
469
This report provides an in-depth analysis of the gingerbread market in Nigeria.
336
This report provides an in-depth analysis of the fresh bread market in Nigeria.
248
Explore the top import markets for sweet biscuits and delve into key statistics and data provided by the IndexBox market intelligence platform.
206
Explore the top import markets for sweet biscuits, waffles, and wafers worldwide. Get key statistics and insights. Discover the leading countries and their import values.
338
Explore the top import markets for bread and bakery products, including the United States, United Kingdom, Germany, France, Canada, and more. Get key statistics and numbers on the global import trade.
3876
The global bread and bakery product market displayed very modest, but sustainable growth throughout the period under review, increasing from X tons in 2007, to X tons in 2016. Bread and bakery constitute staple food products, therefore their
536
The global bread market showed steady growth, rising from X million tons in 2007, to X million tons in 2015.
20964
The global bread and bakery market earned total revenues of X billion USD in 2015, representing a compound annual growth rate (CAGR) of +X% from 2007 to 2015. However, in physical terms, the market showed more modest growth, annually rising by +X
3352
Global exports have posted steady growth over the last few years, with an average annual rate of +X%. In 2015, exports on the bakery product market expanded to X thousand tons. In value terms, this was X million USD, a decline of X% less
2331
In 2015, the value of total imports for bread and bakery products stood at X billion USD. In physical terms, the total volume of bread and bakery products reached X thousand tons in 2015, X thousand tons (X%) more than the previous year.
14118
The production of bread and bakery products illustrated steady growth from 2007 to 2015. In 2015, production amounted to X million tons. In value terms, the output growth was more pronounced from 2007-2011; it then decelerated. From 2007 to 2015,
1422
Bread and bakery goods have been and continue to be staple dietary products worldwide. Accessible and nutritious, bread goes all the way back to ancient civilizations. More recently, the low cost and nutritional value of bread and baked goods have allo
