Latest Report Update: Dec 29, 2019

Nigeria - Almonds - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Almond Market Overview 2020

Almond Market Size in Nigeria

The revenue of the almond market in Nigeria amounted to $X in 2018, picking up by X% against the previous year. Overall, almond consumption, however, continues to indicate a sharp drop. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, the almond market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Almond Production in Nigeria

In value terms, almond production totaled $X in 2018 estimated in export prices. In general, the total output indicated a modest expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, almond production decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. In that year, almond production attained its peak level of $X. From 2015 to 2018, almond production growth failed to regain its momentum.

Average yield of almonds in Nigeria totaled X kg per ha in 2018, remaining relatively unchanged against the previous year. Over the period under review, the almond yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the almond harvested area in Nigeria totaled X ha, therefore, remained relatively stable against the previous year. In general, the almond harvested area continues to indicate a relatively flat trend pattern.

Almond Exports

Exports from Nigeria

Almond exports from Nigeria amounted to X tonnes in 2018, standing approx. at the previous year. Over the period under review, almond exports continue to indicate a slight increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. In that year, almond exports attained their peak of X tonnes. From 2015 to 2018, the growth of almond exports remained at a somewhat lower figure.

In value terms, almond exports stood at $X in 2018. Overall, almond exports continue to indicate a slight setback. The growth pace was the most rapid in 2014 when exports increased by X% year-to-year. In that year, almond exports attained their peak of $X. From 2015 to 2018, the growth of almond exports failed to regain its momentum.

Exports by Country

India (X tonnes) was the main destination for almond exports from Nigeria, with a X% share of total exports. Moreover, almond exports to India exceeded the volume sent to the second major destination, Belgium (X kg), threefold.

From 2007 to 2018, the average annual rate of growth in terms of volume to India amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-X% per year) and Ireland (+X% per year).

In value terms, the largest markets for almond exported from Nigeria were India ($X), Belgium ($X) and Ireland ($X), with a combined X% share of total exports.

Among the main countries of destination, Ireland (+X% per year) recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced mixed trend patterns.

Export Prices by Country

The average almond export price stood at $X per tonne in 2018, waning by -X% against the previous year. Over the period under review, the almond export price continues to indicate a measured shrinkage. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. In that year, the average export prices for almonds attained their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average export prices for almonds remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Belgium ($X per tonne), while the average price for exports to Ireland ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced a decline.

Almond Imports

Imports into Nigeria

In 2018, the amount of almonds imported into Nigeria amounted to X kg, jumping by X% against the previous year. Over the period under review, almond imports, however, continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, almond imports attained their peak figure at X tonnes in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, almond imports totaled $X in 2018. In general, almond imports, however, continue to indicate a moderate decline. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Over the period under review, almond imports reached their peak figure at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the UK (X kg) constituted the largest almond supplier to Nigeria, with a X% share of total imports. Moreover, almond imports from the UK exceeded the figures recorded by the second-largest supplier, Lebanon (X kg), threefold. India (X kg) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from the UK totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (+X% per year) and India (-X% per year).

In value terms, the largest almond suppliers to Nigeria were Lebanon ($X), the UK ($X) and India ($X), together comprising X% of total imports.

In terms of the main suppliers, India (+X% per year) recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average almond import price amounted to $X per tonne, waning by -X% against the previous year. In general, the almond import price, however, continues to indicate a skyrocketing expansion. The growth pace was the most rapid in 2009 an increase of X% against the previous year. The import price peaked at $X per tonne in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was China ($X per tonne), while the price for the UK ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 221 - Almonds

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.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2018
Figure 22:
Production, In Value Terms, 2007–2018
Figure 23:
Area Harvested, 2007–2018
Figure 24:
Yield, 2007–2018
Figure 25:
Imports, In Physical Terms, 2007–2018
Figure 26:
Imports, In Value Terms, 2007–2018
Figure 27:
Imports, In Physical Terms, By Country, 2018
Figure 28:
Imports, In Physical Terms, By Country, 2007–2018
Figure 29:
Imports, In Value Terms, By Country, 2007–2018
Figure 30:
Import Prices, By Country Of Origin, 2007–2018
Figure 31:
Exports, In Physical Terms, 2007–2018
Figure 32:
Exports, In Value Terms, 2007–2018
Figure 33:
Exports, In Physical Terms, By Country, 2018
Figure 34:
Exports, In Physical Terms, By Country, 2007–2018
Figure 35:
Exports, In Value Terms, By Country, 2007–2018
Figure 36:
Export Prices, By Country Of Destination, 2007–2018
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