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Nigeria - Beans (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Dry Bean Market Overview 2020

Dry Bean Market Size in Nigeria

The revenue of the dry bean market in Nigeria amounted to $X in 2017, jumping by X% against the previous year. Overall, dry bean consumption continues to indicate a remarkable growth. The pace of growth appeared the most rapid in 2017, when market value increased by X% y-o-y. Nigeria dry bean consumption peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Dry Bean Production in Nigeria

In 2017, approx. X kg of beans (dry) were produced in Nigeria; therefore, remained relatively stable against the previous year. Overall, dry bean production continues to indicate a relatively flat trend pattern. Dry bean output in Nigeria indicated a relatively flat trend pattern, which was largely conditioned by a relatively flat trend pattern of the harvested area and a relatively flat trend pattern in yield figures.

In 2017, average dry bean yield in Nigeria amounted to X kg per ha, approximately mirroring the previous year. In general, dry bean 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.

Dry bean harvested area in Nigeria amounted to X ha in 2017, remaining relatively unchanged against the previous year. Overall, dry bean harvested area continues to indicate a relatively flat trend pattern.

Dry Bean Exports from Nigeria

In 2017, dry bean exports from Nigeria amounted to X tonnes, standing approx. at the previous year. Overall, dry bean exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013, with an increase of X% y-o-y. Nigeria exports peaked of X tonnes in 2016, leveling off in the following year.

In value terms, dry bean exports amounted to $X in 2017. Overall, dry bean exports continue to indicate a remarkable growth. Nigeria exports peaked of $X in 2016, and then declined slightly in the following year.

Dry Bean Exports by Country from Nigeria

In 2017, Myanmar (X tonnes), distantly followed by China (X tonnes), the U.S. (X tonnes), Argentina (X tonnes) and Canada (X tonnes) were the largest exporters of beans (dry), together making up X% of total exports. Brazil (X tonnes), Ethiopia (X tonnes), Egypt (X tonnes) and the UK (X tonnes) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Brazil (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest dry bean markets worldwide were Myanmar ($X), China ($X) and the U.S. ($X), with a combined X% share of total exports. Argentina, Canada, Egypt, Ethiopia, Brazil, the UK and Nigeria lagged somewhat behind, together comprising a further X%.

Among the main exporting countries , Egypt (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Dry Bean Export Prices by Country in Nigeria

In 2017, the dry bean export price in Nigeria amounted to $X per tonne, lowering by -X% against the previous year. In general, dry bean export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, when it surged by X% against the previous year. In that year, the export prices for beans (dry) reached their peak level of $X per tonne. From 2009 to 2017, growth of the export prices for beans (dry) failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was China ($X per tonne), while the UK ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year), while the other leaders experienced more modest paces of growth.

Dry Bean Imports into Nigeria

In 2017, approx. X tonnes of beans (dry) were imported into Nigeria; coming up by X% against the previous year. In general, dry bean imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2016, when it surged by X% year-to-year. Over the period under review, the dry bean imports attained its maximum volume in 2017, and are likely to continue its growth in the immediate term.

In value terms, dry bean imports totaled $X in 2017. Overall, the total imports indicated a strong expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the dry bean imports increased by +X% against 2015 indices. Over the period under review, the dry bean imports reached its peak figure level in 2017, and are expected to retain its growth in the near future.

Dry Bean Imports by Country into Nigeria

In 2017, India (X tonnes), followed by China (X tonnes), Mexico (X tonnes) and Pakistan (X tonnes) represented the main importers of beans (dry), together comprising X% of total imports. Angola (X tonnes), Brazil (X tonnes), the U.S. (X tonnes), Viet Nam (X tonnes), the Philippines (X tonnes), the UK (X tonnes), Kenya (X tonnes) and Italy (X tonnes) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Viet Nam (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported beans (dry) into Nigeria, making up X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Mexico, with a X% share.

In India, dry bean imports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: China (+X% per year) and Mexico (+X% per year).

Dry Bean Import Prices by Country in Nigeria

The dry bean import price in Nigeria stood at $X per tonne in 2017, waning by -X% against the previous year. In general, dry bean import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when the import prices increased by X% y-o-y. Over the period under review, the import prices for beans (dry) reached its peak figure level of $X per tonne in 2010; however, from 2011 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was the U.S. ($X per tonne), while the Philippines ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Viet Nam (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Product coverage:
• FCL 176 - Beans, dry

This report provides an in-depth analysis of the dry bean 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

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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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