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Nigeria - Buckwheat - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Buckwheat Market Overview 2021

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Buckwheat Market Size in Nigeria

In 2020, the Nigerien buckwheat market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption posted prominent growth. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Buckwheat consumption peaked at $X in 2015; however, from 2016 to 2020, consumption remained at a lower figure.

Buckwheat Exports

Exports from Nigeria

After two years of growth, shipments abroad of buckwheat decreased by -X% to X kg in 2020. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at X tonnes in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, buckwheat exports dropped markedly to $X in 2020. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Exports peaked at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

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

From 2007 to 2020, the average annual growth rate of volume to South Africa totaled +X%.

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

From 2007 to 2020, the average annual growth rate of value to South Africa stood at +X%.

Export Prices by Country

In 2020, the average buckwheat export price amounted to $X per tonne, dropping by -X% against the previous year. In general, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of X% y-o-y. The export price peaked at $X per tonne in 2009; however, from 2010 to 2020, export prices stood 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 2007 to 2020, the rate of growth in terms of prices for South Africa amounted to -X% per year.

Buckwheat Imports

Imports into Nigeria

In 2020, supplies from abroad of buckwheat increased by X% to X tonnes, rising for the second year in a row after ten years of decline. Overall, imports showed a strong increase. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. From 2009 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, buckwheat imports amounted to $X in 2020. Over the period under review, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

China (X tonnes) and the UK (X tonnes) were the main suppliers of buckwheat imports to Nigeria.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (+X% per year).

In value terms, the largest buckwheat suppliers to Nigeria were China ($X) and the UK ($X the main suppliers, the UK recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average buckwheat import price stood at $X per tonne in 2020, shrinking by -X% against the previous year. In general, the import price, however, saw a resilient increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2019, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the UK ($X per tonne), while the price for China amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for buckwheat in the world?
+
The countries with the highest volumes of buckwheat consumption in 2020 were China (821K tonnes), Russia (738K tonnes) and France (202K tonnes), with a combined 71% share of global consumption. Poland, Ukraine, the U.S., Japan, Lithuania, Brazil and Kazakhstan lagged somewhat behind, together comprising a further 22%.
What are the largest producers of buckwheat in the world?
+
The countries with the highest volumes of buckwheat production in 2020 were China (831K tonnes), Russia (770K tonnes) and France (200K tonnes), with a combined 74% share of global production. These countries were followed by Poland, the U.S., Ukraine, Lithuania, Brazil, Japan and Kazakhstan, which together accounted for a further 21%.
What are the leading suppliers of buckwheat to Nigeria?
+
In value terms, the largest buckwheat suppliers to Nigeria were China ($240K) and the UK ($232K).
What are the leading importers of buckwheat from Nigeria?
+
In value terms, South Africa ($156) remains the key foreign market for buckwheat exports from Nigeria.
What is the average export price for buckwheat in Nigeria?
+
The average buckwheat export price stood at $235 per tonne in 2020, declining by -17.2% against the previous year.
What is the average import price for buckwheat in Nigeria?
+
The average buckwheat import price stood at $1,296 per tonne in 2020, dropping by -2.6% against the previous year.

Product coverage:
• FCL 89 - Buckwheat

This report provides an in-depth analysis of the buckwheat 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 2025.


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 2007–2020
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 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, 2007–2020
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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