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Nigeria - Cheese and curd - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Cheese And Curd Market Overview 2021

Cheese And Curd Market Size in Nigeria

In 2020, the Nigerien cheese and curd market decreased by -X% to $X, falling for the second year in a row after three years of growth. Over the period under review, the total consumption indicated a notable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2011; however, from 2012 to 2020, consumption stood at a somewhat lower figure.

Cheese And Curd Production in Nigeria

In value terms, cheese and curd production declined dramatically to $X in 2020 estimated in export prices. In general, production enjoyed a moderate increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, production reached the peak level of $X. from 2019 to 2020, production growth remained at a somewhat lower figure.

Cheese And Curd Exports

Exports from Nigeria

In 2020, the amount of cheese and curd exported from Nigeria dropped dramatically to X kg, waning by -X% against 2019 figures. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at X tonnes in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

In value terms, cheese and curd exports fell remarkably to $X in 2020. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Exports peaked at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

Cote d'Ivoire (X kg) was the main destination for cheese and curd exports from Nigeria, accounting for a X% share of total exports. It was followed by Benin (X kg), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Cote d'Ivoire totaled -X%.

In value terms, Cote d'Ivoire ($X) emerged as the key foreign market for cheese and curd exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by Benin ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Cote d'Ivoire amounted to -X%.

Export Prices by Country

The average cheese and curd export price stood at $X per tonne in 2020, with an increase of X% against the previous year. Over the period under review, the export price saw a prominent expansion. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. The export price peaked in 2020 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Cote d'Ivoire ($X per tonne), while the average price for exports to Benin amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire.

Cheese And Curd Imports

Imports into Nigeria

For the third consecutive year, Nigeria recorded growth in purchases abroad of cheese and curd, which increased by X% to X tonnes in 2020. In general, total imports indicated a notable expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes; afterwards, it flattened through to 2020.

In value terms, cheese and curd imports declined to $X in 2020. Over the period under review, total imports indicated a perceptible expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Imports peaked at $X in 2019, and then declined in the following year.

Imports by Country

Belgium (X tonnes), Poland (X tonnes) and Germany (X tonnes) were the main suppliers of cheese and curd imports to Nigeria, together accounting for X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese and curd suppliers to Nigeria were Belgium ($X), France ($X) and Germany ($X), together accounting for X% of total imports. Poland, the Netherlands, Denmark, Spain, Italy, Australia, the U.S., Turkey and China lagged somewhat behind, together accounting for a further X (+X% per year) saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cheese and curd import price stood at $X per tonne in 2020, shrinking by -X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2019, and then shrank remarkably in the following year.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cheese and curd in the world?
+
The U.S. (6.5M tonnes) remains the largest cheese and curd consuming country worldwide, accounting for 26% of total volume. Moreover, cheese and curd consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Germany (2.1M tonnes), threefold. The third position in this ranking was occupied by France (1.5M tonnes), with a 6% share.
What are the largest producers of cheese and curd in the world?
+
The U.S. (6.7M tonnes) remains the largest cheese and curd producing country worldwide, comprising approx. 27% of total volume. Moreover, cheese and curd production in the U.S. exceeded the figures recorded by the second-largest producer, Germany (2.5M tonnes), threefold. The third position in this ranking was occupied by France (1.7M tonnes), with a 7% share.
What are the leading suppliers of cheese and curd to Nigeria?
+
In value terms, the largest cheese and curd suppliers to Nigeria were Belgium ($1.5M), France ($735K) and Germany ($724K), together accounting for 52% of total imports. Poland, the Netherlands, Denmark, Spain, Italy, Australia, the U.S., Turkey and China lagged somewhat behind, together comprising a further 40%.
What are the leading importers of cheese and curd from Nigeria?
+
In value terms, Cote d'Ivoire ($5.2K) emerged as the key foreign market for cheese and curd exports from Nigeria, comprising 99% of total exports. The second position in the ranking was occupied by Benin ($54), with a 1% share of total exports.
What is the average export price for cheese and curd in Nigeria?
+
The average cheese and curd export price stood at $6,416 per tonne in 2020, rising by 19% against the previous year.
What is the average import price for cheese and curd in Nigeria?
+
The average cheese and curd import price stood at $4,491 per tonne in 2020, reducing by -16.1% against the previous year.

Product coverage:
• FCL 901 - Cheese from Whole Cow Milk
• FCL 904 - Cheese from Skimmed Cow Milk
• FCL 905 - Whey Cheese
• FCL 907 - Processed Cheese
• FCL 955 - Cheese of Buffalo Milk
• FCL 984 - Cheese of Sheep Milk
• FCL 1021 - Cheese of Goat Milk

This report provides an in-depth analysis of the cheese and curd 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

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 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:
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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