Nigeria - Temporarily Preserved Vegetable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTemporarily Preserved Vegetable Price in Nigeria - 2022
Contents:
- Temporarily Preserved Vegetable Price in Nigeria (CIF) - 2022
- Temporarily Preserved Vegetable Price in Nigeria (FOB) - 2022
- Temporarily Preserved Vegetable Imports in Nigeria
- Temporarily Preserved Vegetable Exports in Nigeria
Temporarily Preserved Vegetable Price in Nigeria (CIF) - 2022
The average temporarily preserved vegetable import price stood at $425 per ton in 2022, reducing by -19.7% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2016 an increase of 25%. As a result, import price attained the peak level of $1,656 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 the United States ($3,013 per ton), while the price for Belgium ($120 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cameroon (+203.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Temporarily Preserved Vegetable Price in Nigeria (FOB) - 2022
The average temporarily preserved vegetable export price stood at $3,783 per ton in 2022, rising by 46% against the previous year. In general, the export price enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 127% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($18,721 per ton), while the average price for exports to Niger ($356 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 Kenya (+301.0%), while the prices for the other major destinations experienced more modest paces of growth.
Temporarily Preserved Vegetable Imports in Nigeria
In 2022, purchases abroad of vegetables (temporarily preserved) decreased by -85.9% to 166 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,407% against the previous year. As a result, imports attained the peak of 1.2K tons, and then shrank significantly in the following year.
In value terms, temporarily preserved vegetable imports declined significantly to $70K in 2022. In general, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 990%. As a result, imports attained the peak of $622K, and then declined rapidly in the following year.
| Import of Temporarily Preserved Vegetable in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.0 | 21.0 | 174 | 26.4 | 6.3% |
| Belgium | 0.8 | 3.3 | 107 | 16.0 | 171.4% |
| United States | 20.6 | 2.5 | 46.4 | 7.0 | -30.2% |
| Lebanon | 3.2 | 2.8 | 5.2 | 0.8 | -37.0% |
| Thailand | N/A | N/A | 35.9 | N/A | 0% |
| Netherlands | N/A | N/A | 11.8 | N/A | 0% |
| Others | 13.7 | 27.5 | 242 | 20.2 | 13.8% |
| Total | 60.2 | 57.1 | 622 | 70.5 | 5.4% |
Top Suppliers of Temporarily Preserved Vegetable to Nigeria in 2022:
- Belgium (133.3 tons)
- China (16.8 tons)
- Lebanon (4.2 tons)
- United States (2.3 tons)
Temporarily Preserved Vegetable Exports in Nigeria
In 2022, exports of vegetables (temporarily preserved) from Nigeria shrank notably to 631 kg, with a decrease of -43.6% against 2021. Over the period under review, exports saw a precipitous contraction.
In value terms, temporarily preserved vegetable exports declined markedly to $2.4K in 2022. In general, exports faced a precipitous decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 5.9% against the previous year.
| Export of Temporarily Preserved Vegetable in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | N/A | N/A | N/A | 1,273 | 0% |
| United Arab Emirates | 1,892 | 601 | 476 | 466 | -37.3% |
| Benin | N/A | N/A | N/A | 315 | 0% |
| South Africa | 2,071 | 154 | 232 | 241 | -51.2% |
| Niger | 614 | 98.0 | 96.0 | 73.0 | -50.8% |
| Kenya | N/A | 1,798 | 1,633 | N/A | -9.2% |
| Others | 491 | 82.0 | 456 | 19.0 | -66.2% |
| Total | 5,068 | 2,733 | 2,893 | 2,387 | -22.2% |
Top Export Markets for Temporarily Preserved Vegetable from Nigeria in 2022:
- South Africa (239.0 kg)
- Niger (205.0 kg)
- United Arab Emirates (88.0 kg)
- Switzerland (68.0 kg)
- Benin (29.0 kg)
This report provides an in-depth analysis of the temporarily preserved vegetable 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 474 - Vegetables, Temporarily Preserved
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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