Nigeria - Tapioca And Substitutes - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingTapioca and Substitutes Price in Nigeria - 2022
Contents:
- Tapioca and Substitutes Price in Nigeria (CIF) - 2022
- Tapioca and Substitutes Price in Nigeria (FOB) - 2022
- Tapioca and Substitutes Imports in Nigeria
- Tapioca and Substitutes Exports in Nigeria
Tapioca and Substitutes Price in Nigeria (CIF) - 2022
The average tapioca and substitutes import price stood at $1,491 per ton in 2022, surging by 5.8% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 42%. Over the period under review, average import prices reached the maximum at $2,066 per ton in 2013; however, from 2014 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 Thailand ($1,662 per ton), while the price for the UK ($710 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+0.5%), while the prices for the other major suppliers experienced a decline.
Tapioca and Substitutes Price in Nigeria (FOB) - 2022
The average tapioca and substitutes export price stood at $1,527 per ton in 2022, approximately equating the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tapioca and substitutes export price decreased by -1.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 50% against the previous year. Over the period under review, the average export prices attained the maximum at $1,546 per ton in 2020; afterwards, it flattened through to 2022.
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 the United States ($1,639 per ton), while the average price for exports to the UK ($186 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 United States (+5.0%), while the prices for the other major destinations experienced a decline.
Tapioca and Substitutes Imports in Nigeria
For the fourth consecutive year, Nigeria recorded growth in supplies from abroad of tapioca and substitutes, which increased by 91% to 4.5K tons in 2022. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 804%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, tapioca and substitutes imports soared to $6.8M in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 1,182%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
Import of Tapioca and Substitutes in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 8.3 | 22.7 | 2,153 | 3,260 | 632.3% |
China | 143 | 187 | 549 | 2,581 | 162.3% |
Indonesia | 26.1 | 27.9 | 389 | 600 | 184.3% |
United Kingdom | 7.6 | 7.5 | 95.3 | 132 | 159.0% |
Others | 9.1 | 14.8 | 148 | 178 | 169.4% |
Total | 194 | 260 | 3,335 | 6,752 | 226.5% |
Top Suppliers of Tapioca and Substitutes to Nigeria in 2022:
- Thailand (1961.2 tons)
- China (1775.2 tons)
- Indonesia (466.3 tons)
- United Kingdom (185.9 tons)
Tapioca and Substitutes Exports in Nigeria
Tapioca and substitutes exports from Nigeria declined slightly to 188 tons in 2022, falling by -3.5% against the previous year. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 7.2%.
In value terms, tapioca and substitutes exports shrank modestly to $287K in 2022. Over the period under review, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 4.4% against the previous year.
Export of Tapioca and Substitutes in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 412 | 273 | 282 | 275 | -12.6% |
United Kingdom | 0.5 | 2.3 | 4.0 | 2.7 | 75.4% |
Others | 8.1 | 5.7 | 7.5 | 9.9 | 6.9% |
Total | 421 | 281 | 294 | 287 | -12.0% |
Top Export Markets for Tapioca and Substitutes from Nigeria in 2022:
- United States (167.7 tons)
- United Kingdom (14.7 tons)
This report provides an in-depth analysis of the tapioca and substitutes 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 10621200 - Tapioca and substitutes therefor prepared from starch, in the form of flakes, grains, pearls, siftings or similar forms
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
This report provides an in-depth analysis of the tapioca and substitutes market in Nigeria.
This report provides an in-depth analysis of the global tapioca and substitutes market.
This report provides an in-depth analysis of the tapioca and substitutes market in Nigeria.
This report provides an in-depth analysis of the global tapioca and substitutes market.
In value terms, tapioca imports amounted to $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the last...
In value terms, tapioca exports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total exports value decreased at an average annual rate of -X% over the last nin...
In value terms, tapioca imports amounted to $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the last...
In value terms, tapioca exports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total exports value decreased at an average annual rate of -X% over the last nin...