Report Nigeria - Asparagus - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: May 19, 2022

Nigeria - Asparagus - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Asparagus Market 2022

Asparagus Market Size in Nigeria

In 2021, after two years of decline, there was significant growth in the Nigerien asparagus market, when its value increased by X% to $X. Over the period under review, consumption, however, continues to indicate a deep reduction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Asparagus Production in Nigeria

In value terms, asparagus production declined modestly to $X in 2021 estimated in export prices. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Asparagus production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

The average yield of asparagus in Nigeria totaled less than X kg per ha in 2021, therefore, remained relatively stable against the previous year's figure. Overall, the yield saw 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 2021, the total area harvested in terms of asparagus production in Nigeria amounted to less than X ha, almost unchanged from the year before. In general, the harvested area recorded a relatively flat trend pattern.

Asparagus Exports

Exports from Nigeria

After four years of growth, overseas shipments of asparagus decreased by -X% to X tonnes in 2021. In general, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Over the period under review, the exports hit record highs at X tonnes in 2020, and then declined notably in the following year.

In value terms, asparagus exports contracted rapidly to $X in 2021. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then shrank markedly in the following year.

Exports by Country

South Africa (X tonnes) was the main destination for asparagus exports from Nigeria, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Africa stood at +X%.

In value terms, South Africa ($X) also remains the key foreign market for asparagus exports from Nigeria.

From 2012 to 2021, the average annual growth rate of value to South Africa totaled +X%.

Export Prices by Country

In 2021, the average asparagus export price amounted to $X per tonne, stabilizing at the previous year. Overall, the export price, however, posted a noticeable increase. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. As a result, the export price reached the peak level of $X per tonne. From 2014 to 2021, the the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to -X% per year.

Asparagus Imports

Imports into Nigeria

In 2021, asparagus imports into Nigeria surged to X tonnes, with an increase of X% against 2020. Overall, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, imports attained the peak of X tonnes. From 2015 to 2021, the growth imports remained at a lower figure.

In value terms, asparagus imports surged to $X in 2021. In general, imports, however, faced a abrupt downturn. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tonnes) was the main asparagus supplier to Nigeria, with a X% share of total imports. Moreover, asparagus imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Peru (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-X% per year) and South Africa (+X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of asparagus to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+X% per year) and Peru (-X% per year).

Import Prices by Country

The average asparagus import price stood at $X per tonne in 2021, picking up by X% against the previous year. In general, the import price, however, saw a slight decline. The import price peaked at $X per tonne in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was South Africa ($X per tonne), while the price for Peru ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

Frequently Asked Questions (FAQ) :

What are the largest markets for asparagus in the world?
+
China constituted the country with the largest volume of asparagus consumption, accounting for 87% of total volume. Moreover, asparagus consumption in China exceeded the figures recorded by the second-largest consumer, the United States, more than tenfold. The third position in this ranking was occupied by Peru, with a 2.7% share.
What are the largest producers of asparagus in the world?
+
China remains the largest asparagus producing country worldwide, accounting for 87% of total volume. Moreover, asparagus production in China exceeded the figures recorded by the second-largest producer, Peru, more than tenfold.
What are the leading suppliers of asparagus to Nigeria?
+
In value terms, the Netherlands constituted the largest supplier of asparagus to Nigeria, comprising 93% of total imports. The second position in the ranking was occupied by South Africa $448), with a 2.9% share of total imports.
What are the leading importers of asparagus from Nigeria?
+
In value terms, South Africa remains the key foreign market for asparagus exports from Nigeria.
What is the average export price for asparagus in Nigeria?
+
The average asparagus export price stood at $4,844 per tonne in 2021, approximately mirroring the previous year.
What is the average import price for asparagus in Nigeria?
+
The average asparagus import price stood at $5,812 per tonne in 2021, increasing by 53% against the previous year.

This report provides an in-depth analysis of the asparagus 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 367 - Asparagus
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

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 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2021
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 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption In 2007–2021
Table 5:
Imports, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Value Terms, By Country, 2007–2021
Table 7:
Import Prices, By Country Of Origin, 2007–2021
Table 8:
Exports, In Physical Terms, By Country, 2007–2021
Table 9:
Exports, In Value Terms, By Country, 2007–2021
Table 10:
Export Prices, By Country Of Destination, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2021
Figure 5:
Trade Balance, In Physical Terms, 2007–2021
Figure 6:
Trade Balance, In Value Terms, 2007–2021
Figure 7:
Per Capita Consumption, 2007–2021
Figure 8:
Market Forecast To 2030
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, 2007–2021
Figure 22:
Production, In Value Terms, 2007–2021
Figure 23:
Area Harvested, 2007–2021
Figure 24:
Yield, 2007–2021
Figure 25:
Imports, In Physical Terms, 2007–2021
Figure 26:
Imports, In Value Terms, 2007–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2007–2021
Figure 29:
Imports, In Value Terms, By Country, 2007–2021
Figure 30:
Import Prices, By Country Of Origin, 2007–2021
Figure 31:
Exports, In Physical Terms, 2007–2021
Figure 32:
Exports, In Value Terms, 2007–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2007–2021
Figure 35:
Exports, In Value Terms, By Country, 2007–2021
Figure 36:
Export Prices, By Country Of Destination, 2007–2021
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