Latest Report Update: Apr 11, 2019

Nigeria - Cheese - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Cheese Market Overview 2019

Cheese Market Size in Nigeria

The revenue of the cheese market in Nigeria amounted to $X in 2017, increasing by X% against the previous year. In general, the total market indicated a perceptible growth 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 growth pace was the most rapid in 2013, with an increase of X% year-to-year. Nigeria cheese consumption peaked in 2017, and is likely to see steady growth in the immediate term.

Cheese Production in Nigeria

In 2017, production of cheese in Nigeria amounted to X tonnes, growing 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 over the period under review. The pace of growth appeared the most rapid in 2011, when the output figure increased by X% against the previous year. Over the period under review, the cheese production reached its peak figure volume in 2017, and is expected to retain its growth in the near future.

Cheese Exports

Exports from Nigeria

In 2017, cheese exports from Nigeria totaled X tonnes, dropping by -X% against the previous year. In general, cheese exports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2013, when exports increased by -X% against the previous year. Over the period under review, the cheese exports attained its maximum volume of X tonnes in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, cheese exports amounted to $X in 2017. In general, cheese exports continue to indicate a sharp reduction. Nigeria exports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Exports by Country

The exports of the three major exporters of cheese, namely Germany, the Netherlands and France, represented more than third of total export. Italy (X tonnes) took a X% share (based on tonnes) of total exports, which put it in second place, followed by Denmark (X%), the U.S. (X%) and New Zealand (X%). The following exporters - Poland (X tonnes), Belgium (X tonnes), Ireland (X tonnes), Belarus (X tonnes) and Australia (X tonnes) together made up X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) constituted the countries with the highest levels of exports in 2017, together comprising X% of total exports. Italy, Denmark, the U.S., New Zealand, Belgium, Ireland, Poland, Belarus, Australia and Nigeria lagged somewhat behind, together comprising a further X%.

The U.S. (+X% per year) experienced the highest growth rate of exports,in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2017, the cheese export price in Nigeria amounted to $X per tonne, therefore, remained relatively stable against the previous year. Overall, cheese export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013, when the export price increased by X% y-o-y. In that year, the export prices for cheese reached their peak level of $X per tonne. From 2014 to 2017, growth of the export prices for cheese stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Italy ($X per tonne), while Poland ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by New Zealand (+X% per year), while the other leaders experienced more modest paces of growth.

Cheese Imports

Imports into Nigeria

In 2017, the amount of cheese imported into Nigeria amounted to X tonnes, coming down by -X% against the previous year. In general, the total imports indicated a slight growth from 2007 to 2017: its volume 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 cheese imports decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2009, when imports increased by X% against the previous year. Over the period under review, the cheese imports attained its peak figure volume of X tonnes in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, cheese imports totaled $X in 2017. Overall, cheese imports continue to indicate a slight growth. Nigeria imports peaked of $X in 2016, and then declined slightly in the following year.

Imports by Country

In 2017, Germany (X tonnes), followed by Italy (X tonnes), the UK (X tonnes), the Netherlands (X tonnes) and France (X tonnes) were the major importers of cheese, together achieving X% of total imports. Belgium (X tonnes), Spain (X tonnes), Japan (X tonnes), the U.S. (X tonnes), Russia (X tonnes), Greece (X tonnes) and Sweden (X tonnes) occupied the mild share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Netherlands (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported cheese into Nigeria, making up X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by Italy, with a X% share.

In Germany, cheese imports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Italy (+X% per year).

Import Prices by Country

In 2017, the cheese import price in Nigeria amounted to $X per tonne, reducing by -X% against the previous year. Overall, cheese import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when it surged by X% y-o-y. In that year, the import prices for cheese reached their peak level of $X per tonne. From 2015 to 2017, growth of the import prices for cheese failed to regain its momentum.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Sweden ($X per tonne) and the U.S. ($X per tonne), while the Netherlands ($X per tonne) and Italy ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Greece (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

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 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 2025
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 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
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 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
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, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018
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