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Nigeria - Casein And Caseinates - Market Analysis, Forecast, Size, Trends And Insights
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Nigeria: Casein And Caseinates Market Overview 2021

Casein And Caseinates Market Size in Nigeria

In 2019, after five years of growth, there was decline in the Nigerien casein and caseinates market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2009; however, from 2010 to 2019, consumption remained at a lower figure.

Casein And Caseinates Production in Nigeria

In value terms, casein and caseinates production fell modestly to $X in 2019 estimated in export prices. Overall, the total production indicated notable growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Casein and caseinates production peaked at $X in 2009; however, from 2010 to 2019, production failed to regain the momentum.

Casein And Caseinates Exports

Exports from Nigeria

For the third year in a row, Nigeria recorded decline in overseas shipments of casein and caseinates, which decreased by X% to X kg in 2019. Over the period under review, exports faced a dramatic slump. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, casein and caseinates exports amounted to $X in 2019. In general, exports saw a dramatic setback. Over the period under review, exports attained the maximum at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

The Netherlands (X kg) was the main destination for casein and caseinates exports from Nigeria, accounting for a approx. X% share of total exports.

From 2007 to 2017, the average annual growth rate of volume to the Netherlands totaled -X%.

In value terms, the Netherlands ($X) also remains the key foreign market for casein and caseinates exports from Nigeria.

From 2007 to 2017, the average annual rate of growth in terms of value to the Netherlands stood at -X%.

Export Prices by Country

The average casein and caseinates export price stood at $X per tonne in 2017, waning by -X% against the previous year. In general, the export price, however, continues to indicate slight growth. The export price peaked at $X per tonne in 2010; however, from 2011 to 2017, export prices remained at a lower figure.

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

From 2007 to 2017, the rate of growth in terms of prices for the Netherlands amounted to -X% per year.

Casein And Caseinates Imports

Imports into Nigeria

In 2019, supplies from abroad of casein and caseinates increased by X% to X tonnes for the first time since 2016, thus ending a two-year declining trend. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, casein and caseinates imports soared to $X in 2019. Over the period under review, imports, however, continue to indicate a modest expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. As a result, imports attained the peak of $X. From 2017 to 2019, the growth imports failed to regain the momentum.

Imports by Country

Germany (X tonnes), Ukraine (X tonnes) and Latvia (X tonnes) were the main suppliers of casein and caseinates imports to Nigeria, with a combined X% share of total imports. Poland, Italy, Denmark and Belgium lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Italy, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest casein and caseinates suppliers to Nigeria were Germany ($X), Ukraine ($X) and Poland ($X), together comprising X% of total imports. Latvia, Italy, Denmark and Belgium lagged somewhat behind, together accounting for a further X terms of the main suppliers, Italy saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average casein and caseinates import price amounted to $X per tonne, waning by -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2018, and then shrank significantly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Latvia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for casein and caseinates in the world?
+
China (156K tonnes) remains the largest casein and caseinates consuming country worldwide, comprising approx. 17% of total volume. Moreover, casein and caseinates consumption in China exceeded the figures recorded by the second-largest consumer, India (65K tonnes), twofold. The third position in this ranking was occupied by the U.S. (49K tonnes), with a 5.2% share.
What are the largest producers of casein and caseinates in the world?
+
China (150K tonnes) constituted the country with the largest volume of casein and caseinates production, comprising approx. 16% of total volume. Moreover, casein and caseinates production in China exceeded the figures recorded by the second-largest producer, India (70K tonnes), twofold. New Zealand (58K tonnes) ranked third in terms of total production with a 6.2% share.
What are the leading suppliers of casein and caseinates to Nigeria?
+
In value terms, Germany ($417K), Ukraine ($384K) and Poland ($115K) were the largest casein and caseinates suppliers to Nigeria, together accounting for 81% of total imports. Latvia, Italy, Denmark and Belgium lagged somewhat behind, together accounting for a further 14%.
What are the leading importers of casein and caseinates from Nigeria?
+
In value terms, the Netherlands ($59) remains the key foreign market for casein and caseinates exports from Nigeria.
What is the average export price for casein and caseinates in Nigeria?
+
In 2017, the average casein and caseinates export price amounted to $6,101 per tonne, falling by -8.5% against the previous year.
What is the average import price for casein and caseinates in Nigeria?
+
In 2019, the average casein and caseinates import price amounted to $6,140 per tonne, declining by -21.7% against the previous year.

Product coverage:
• Prodcom 10515300 - Casein and caseinates

This report provides an in-depth analysis of the casein and caseinates 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
TOP EXPORTING COUNTRIES
5.4
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 VOLUME AND VALUE
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:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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