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Nigeria - Cereal Grains - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Grain Market Overview 2020

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Grain Market Size in Nigeria

The revenue of the grain market in Nigeria amounted to $X in 2017, coming up by X% against the previous year. In general, the total market indicated a moderate 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. The pace of growth appeared the most rapid in 2011, when it surged by X% year-to-year. Over the period under review, the grain market reached its maximum level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Grain Production in Nigeria

In 2017, the amount of grain produced in Nigeria stood at X tonnes, surging by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014, with an increase of X% y-o-y. Nigeria grain production peaked in 2017, and is likely to continue its growth in the immediate term. Grain output in Nigeria indicated a temperate increase, which was largely conditioned by a measured growth of the harvested area and a pronounced expansion in yield figures.

Average yield of grain in Nigeria amounted to X tonne per ha in 2017, picking up by X% against the previous year. The yield figure increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014, when yield increased by X% year-to-year. Nigeria grain yield peaked in 2017, and is expected to retain its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, approx. X ha of grain were harvested in Nigeria; remaining constant against the previous year. In general, grain harvested area continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2010, when it surged by X% year-to-year. Nigeria grain harvested area peaked of X ha in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Grain Exports from Nigeria

In 2017, grain exports from Nigeria totaled X tonnes, reducing by -X% against the previous year. In general, grain exports continue to indicate a deep deduction. The most prominent rate of growth was recorded in 2009, when exports increased by X% y-o-y. In that year, the grain exports reached their peak volume of X tonnes. From 2010 to 2017, growth of the grain exports failed to regain its momentum.

In value terms, grain exports amounted to $X in 2017. Overall, grain exports continue to indicate a relatively flat trend pattern. In that year, the grain exports attained their peak level of $X. From 2010 to 2017, growth of the grain exports failed to regain its momentum.

Grain Exports by Country from Nigeria

In 2017, the U.S. (X tonnes), distantly followed by Russia (X tonnes), Argentina (X tonnes), Ukraine (X tonnes), Australia (X tonnes), Brazil (X tonnes), Canada (X tonnes) and France (X tonnes) represented the key exporters of grain, together creating X% of total exports. The following exporters - Romania (X tonnes), Germany (X tonnes) and Hungary (X tonnes) together made up X% of total exports.

The U.S. experienced a relatively flat trend pattern of grain exports. At the same time, Romania (+X%), Ukraine (+X%), Russia (+X%), Brazil (+X%), Australia (+X%), Argentina (+X%), Germany (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. Hungary and France experienced a relatively flat trend pattern. Romania (-X%), Australia (-X%), Argentina (-X%), Brazil (-X%), Ukraine (-X%) and Russia (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest grain supplier from Nigeria, making up X% of global exports. The second position in the ranking was occupied by Russia ($X), with a X% share of global exports. It was followed by Argentina, with a X% share.

In the U.S., grain exports plunged by an average annual rate of -X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Russia (+X% per year) and Argentina (+X% per year).

Grain Export Prices by Country in Nigeria

In 2017, the grain export price in Nigeria amounted to $X per tonne, growing by X% against the previous year. In general, grain export price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2017, when it surged by X% year-to-year. In that year, the export prices for grain attained their peak level, and is likely to continue its growth in the immediate term.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Canada ($X per tonne) and France ($X per tonne), while Argentina ($X per tonne) and Russia ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Australia (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Grain Imports into Nigeria

In 2017, grain imports into Nigeria amounted to X tonnes, coming up by X% against the previous year. In general, grain imports continue to indicate a deep decrease. The most prominent rate of growth was recorded in 2011, when imports increased by X% y-o-y. Nigeria imports peaked of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, grain imports amounted to $X in 2017. In general, grain imports continue to indicate an abrupt downturn. Over the period under review, the grain imports attained its maximum level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Grain Imports by Country into Nigeria

The imports of the twelve major importers of grain, namely Japan, Mexico, China, Egypt, Spain, Italy, Saudi Arabia, Viet Nam, Algeria, the Netherlands, Indonesia and South Korea, represented more than third of total import.

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, the largest grain markets worldwide were Japan ($X), China ($X) and Egypt ($X), with a combined X% share of total imports. Mexico, Indonesia, Spain, Italy, South Korea, Algeria, the Netherlands, Saudi Arabia, Viet Nam and Nigeria lagged somewhat behind, together comprising a further X%.

Viet Nam (+X% per year) experienced the highest growth rate of imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Grain Import Prices by Country in Nigeria

In 2017, the grain import price in Nigeria amounted to $X per tonne, rising by X% against the previous year. Overall, the import price indicated a remarkable growth from 2007 to 2017: its price 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 grain import price decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2014, when the import prices increased by X% y-o-y. In that year, the import prices for grain attained their peak level of $X per tonne. From 2015 to 2017, growth of the import prices for grain failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Indonesia ($X per tonne), while Viet Nam ($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 China (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 10613333 - Rolled, flaked, hulled, pearled, sliced or kibbled cereal grains (excluding rice)

This report provides an in-depth analysis of the cereal grains 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
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 2007–2019
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:
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, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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