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Nigeria - Cheese - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Cheese Market Overview 2020

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Cheese Market Size in Nigeria

The revenue of the cheese market in Nigeria amounted to $X in 2018, growing by X% against the previous year. Overall, the total market indicated a buoyant expansion from 2007 to 2018: its value 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, cheese consumption increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, the cheese market attained its maximum level at $X in 2011; however, from 2012 to 2018, consumption remained at a lower figure.

Cheese Production in Nigeria

In value terms, cheese production totaled $X in 2018 estimated in export prices. In general, cheese production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2010 when production volume increased by X% against the previous year. Over the period under review, cheese production reached its maximum level at $X in 2011; however, from 2012 to 2018, production remained at a lower figure.

Cheese Exports

Exports from Nigeria

In 2018, the cheese exports from Nigeria totaled X tonnes, coming down by -X% against the previous year. Over the period under review, cheese exports continue to indicate a drastic setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. In that year, cheese exports reached their peak of X tonnes. From 2014 to 2018, the growth of cheese exports failed to regain its momentum.

In value terms, cheese exports totaled $X in 2018. Overall, cheese exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. In that year, cheese exports attained their peak of $X. From 2014 to 2018, the growth of cheese exports failed to regain its momentum.

Exports by Country

Spain (X tonnes) was the main destination for cheese exports from Nigeria, accounting for a X% share of total exports. Moreover, cheese exports to Spain exceeded the volume sent to the second major destination, South Africa (X kg), more than tenfold.

From 2007 to 2018, the average annual rate of growth in terms of volume to Spain was relatively modest.

In value terms, Spain ($X) and South Africa ($X) were the largest markets for cheese exported from Nigeria worldwide, with a combined X% share of total exports.

Spain recorded the highest growth rate of exports, among the main countries of destination over the last eleven years.

Export Prices by Country

The average cheese export price stood at $X per tonne in 2018, rising by X% against the previous year. In general, the cheese export price continues to indicate conspicuous growth. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for cheese reached their maximum at $X per tonne in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was South Africa ($X per tonne), while the average price for exports to Spain amounted to $X per tonne.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to South Africa.

Cheese Imports

Imports into Nigeria

Cheese imports into Nigeria stood at X tonnes in 2018, jumping by X% against the previous year. Over the period under review, cheese imports continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

In value terms, cheese imports amounted to $X in 2018. In general, the total imports indicated pronounced growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cheese imports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2009 when imports increased by X% year-to-year. In that year, cheese imports attained their peak of $X. From 2010 to 2018, the growth of cheese imports failed to regain its momentum.

Imports by Country

Denmark (X tonnes), France (X tonnes) and Andorra (X tonnes) were the main suppliers of cheese imports to Nigeria, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Andorra, while the other leaders experienced more modest paces of growth.

In value terms, the largest cheese suppliers to Nigeria were Denmark ($X), Andorra ($X) and France ($X), with a combined X% share of total imports.

Andorra experienced the highest growth rate of imports, among the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average cheese import price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the cheese import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. In that year, the average import prices for cheese reached their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average import prices for cheese remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Andorra, while the prices for the other major suppliers experienced a decline.

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 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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