Report Nigeria - Broad Beans and Horse Beans (Dry) - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Nigeria - Broad Beans and Horse Beans (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Market for Broad Beans And Horse Beans (Dry) 2022

Market Size for Broad Beans And Horse Beans (Dry) in Nigeria

For the fifth year in a row, the Nigerien market for broad beans and horse beans (dry) recorded decline in sales value, which decreased by X% to $X in 2021. Over the period under review, consumption faced a dramatic decline. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Broad Beans And Horse Beans (Dry) in Nigeria

In value terms, broad bean and horse bean production dropped rapidly to $X in 2021 estimated in export prices. Over the period under review, production, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then shrank rapidly in the following year.

In 2021, the average yield of broad beans and horse beans (dry) in Nigeria totaled less than X kg per ha, therefore, remained relatively stable against 2020 figures. In general, the yield recorded 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 harvested area of broad beans and horse beans (dry) in Nigeria was estimated at less than X ha, remaining stable against the previous year. In general, the harvested area showed a relatively flat trend pattern.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Nigeria

After four years of growth, overseas shipments of broad beans and horse beans (dry) decreased by -X% to X tonnes in 2021. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. The exports peaked at X tonnes in 2020, and then reduced remarkably in the following year.

In value terms, broad bean and horse bean exports dropped notably to $X in 2021. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. The exports peaked at $X in 2020, and then fell sharply in the following year.

Exports by Country

South Africa (X tonnes) was the main destination for broad bean and horse bean exports from Nigeria, with a X% share of total exports. Moreover, broad bean and horse bean exports to South Africa exceeded the volume sent to the second major destination, the UK (X tonnes), threefold. Canada (X tonnes) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Africa totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and Canada (-X% per year).

In value terms, South Africa ($X) remains the key foreign market for broad bean and horse bean exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports. It was followed by the UK, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Africa stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and the UK (+X% per year).

Export Prices by Country

The average export price for broad beans and horse beans (dry) stood at $X per tonne in 2021, flattening at the previous year. Over the period under review, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. The export price peaked at $X per tonne in 2020, and then shrank slightly in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($X per tonne), while the average price for exports to the UK ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Nigeria

In 2021, the amount of broad beans and horse beans (dry) imported into Nigeria soared to X tonnes, rising by X% on the previous year. In general, imports posted significant growth. The growth pace was the most rapid in 2014 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, broad bean and horse bean imports soared to $X in 2021. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tonnes) was the main supplier of broad bean and horse bean to Nigeria, with a X% share of total imports. It was followed by Lebanon (X kg), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +X%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of broad bean and horse bean to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by Lebanon ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled +X%.

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per tonne in 2021, declining by -X% against the previous year. In general, the import price showed a slight downturn. The growth pace was the most rapid in 2013 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per tonne), while the price for Lebanon stood at $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (-X%).

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 broad beans and horse beans (dry) in the world?
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The countries with the highest volumes of broad bean and horse bean consumption in 2021 were China, Ethiopia and Egypt, with a combined 57% share of global consumption. The UK, Sudan, Italy, France, Germany, Lithuania and Australia lagged somewhat behind, together accounting for a further 23%.
What are the largest producers of broad beans and horse beans (dry) in the world?
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The countries with the highest volumes of broad bean and horse bean production in 2021 were China, Ethiopia and the UK, together comprising 58% of global production. These countries were followed by Australia, Lithuania, Germany, Sudan, France, Italy, Egypt and Latvia, which together accounted for a further 25%.
What are the leading suppliers of broad beans and horse beans (dry) to Nigeria?
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In value terms, the United Arab Emirates constituted the largest supplier of broad bean and horse bean to Nigeria, comprising 98% of total imports. The second position in the ranking was occupied by Lebanon $727), with a 1.8% share of total imports.
What are the leading importers of broad beans and horse beans (dry) from Nigeria?
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In value terms, South Africa remains the key foreign market for broad bean and horse bean exports from Nigeria, comprising 60% of total exports. The second position in the ranking was occupied by Canada, with a 22% share of total exports. It was followed by the UK, with an 11% share.
What is the average export price for broad beans and horse beans (dry) in Nigeria?
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In 2021, the average export price for broad beans and horse beans dry) amounted to $754 per tonne, remaining constant against the previous year.
What is the average import price for broad beans and horse beans (dry) in Nigeria?
+
The average import price for broad beans and horse beans dry) stood at $1,158 per tonne in 2021, waning by -6.5% against the previous year.

This report provides an in-depth analysis of the market for broad bean and horse bean 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 181 - Broad beans, dry
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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