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Nigeria - Carrots And Turnips - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Carrot And Turnip Market Overview 2020

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Carrot And Turnip Market Size in Nigeria

The revenue of the carrot and turnip market in Nigeria amounted to $X in 2018, approximately equating the previous year. Overall, carrot and turnip consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the market value increased by X% year-to-year. Over the period under review, the carrot and turnip market attained its maximum level at $X in 2012; however, from 2013 to 2018, consumption remained at a lower figure.

Carrot And Turnip Production in Nigeria

In value terms, carrot and turnip production totaled $X in 2018 estimated in export prices. Overall, carrot and turnip production continues to indicate a mild increase. The growth pace was the most rapid in 2011 when production volume increased by X% y-o-y. Over the period under review, carrot and turnip production reached its maximum level at $X in 2012; however, from 2013 to 2018, production remained at a lower figure.

In 2018, the average carrot and turnip yield in Nigeria stood at X tonne per ha, approximately equating the previous year. Overall, the carrot and turnip yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Carrot and turnip yield peaked in 2018 and is expected to retain its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of carrots and turnips production in Nigeria amounted to X ha, remaining constant against the previous year. Over the period under review, the carrot and turnip harvested area continues to indicate a slight slump. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Carrot and turnip harvested area peaked at X ha in 2007; however, from 2008 to 2018, harvested area stood at a somewhat lower figure.

Carrot And Turnip Exports

Exports from Nigeria

In 2018, the carrot and turnip exports from Nigeria totaled X kg, surging by X% against the previous year. Over the period under review, carrot and turnip exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. In that year, carrot and turnip exports reached their peak of X tonnes. From 2009 to 2018, the growth of carrot and turnip exports failed to regain its momentum.

In value terms, carrot and turnip exports amounted to $X in 2018. Overall, carrot and turnip exports continue to indicate a strong increase. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. Over the period under review, carrot and turnip exports reached their peak figure at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

Niger (X kg) was the main destination for carrot and turnip exports from Nigeria, accounting for a approx. X% share of total exports.

From 2007 to 2018, the average annual growth rate of volume to Niger stood at +X%.

In value terms, Niger ($X) also remains the key foreign market for carrot and turnip exports from Nigeria.

From 2007 to 2018, the average annual rate of growth in terms of value to Niger stood at +X%.

Export Prices by Country

The average carrot and turnip export price stood at $X per tonne in 2018, growing by X% against the previous year. Over the period under review, the carrot and turnip export price continues to indicate a moderate expansion. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2018, 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 Niger.

From 2007 to 2018, the rate of growth in terms of prices for Niger amounted to +X% per year.

Carrot And Turnip Imports

Imports into Nigeria

In 2018, the amount of carrots and turnips imported into Nigeria totaled X tonnes, picking up by X% against the previous year. Over the period under review, carrot and turnip imports continue to indicate remarkable growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

In value terms, carrot and turnip imports totaled $X in 2018. Over the period under review, carrot and turnip imports continue to indicate a strong expansion. The growth pace was the most rapid in 2018 when imports increased by X% y-o-y. Over the period under review, carrot and turnip imports reached their peak figure at $X in 2010; however, from 2011 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Belgium (X tonnes) constituted the largest supplier of carrot and turnip to Nigeria, with a X% share of total imports. Moreover, carrot and turnip imports from Belgium exceeded the figures recorded by the second-largest supplier, China (X tonnes), sixfold. The third position in this ranking was occupied by Germany (X kg), with a X% share.

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

In value terms, Belgium ($X) constituted the largest supplier of carrot and turnip to Nigeria, comprising X% of total carrot and turnip imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Belgium totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average carrot and turnip import price stood at $X per tonne in 2018, jumping by X% against the previous year. Over the period under review, the import price indicated measured growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, carrot and turnip import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 426 - Carrot

This report provides an in-depth analysis of the carrot and turnip 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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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