
Nigeria - Almonds - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Almond Market 2022
Almond Exports
Exports from Nigeria
In 2021, exports of almonds from Nigeria dropped notably to X tonnes, shrinking by -X% compared with 2020 figures. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked at X tonnes in 2020, and then contracted notably in the following year.
In value terms, almond exports contracted significantly to $X in 2021. Overall, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, the exports hit record highs at $X in 2020, and then fell significantly in the following year.
Exports by Country
The Netherlands (X tonnes) was the main destination for almond exports from Nigeria, with a approx. X% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.
From 2012 to 2021, the average annual growth rate of value to the Netherlands was relatively modest.
Export Prices by Country
In 2021, the average almond export price amounted to $X per tonne, growing by X% against the previous year. Overall, the export price, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2021, the rate of growth in terms of prices for the Netherlands amounted to X% per year.
Almond Imports
Imports into Nigeria
In 2021, approx. X tonnes of almonds were imported into Nigeria; rising by X% on the previous year's figure. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% y-o-y. Imports peaked in 2021 and are expected to retain growth in the immediate term.
In value terms, almond imports soared to $X in 2021. In general, imports saw measured growth. The pace of growth was the most pronounced in 2020 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.
Imports by Country
The UK (X tonnes) and Lebanon (X tonnes) were the main suppliers of almond imports to Nigeria.
From 2012 to 2021, the biggest increases were in Lebanon (+X value terms, the UK ($X) and Lebanon ($X) appeared to be the largest almond suppliers to Nigeria.
In terms of the main suppliers, Lebanon, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review.
Import Prices by Country
In 2021, the average almond import price amounted to $X per tonne, picking up by X% against the previous year. Overall, the import price, however, showed a precipitous decline. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2021, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Lebanon ($X per tonne), while the price for the UK totaled $X per tonne.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-X%).
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tonnes |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the almond 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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