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Nigeria - Cherries - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Cherry Market Overview 2021

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Cherry Market Size in Nigeria

In 2019, the Nigerien cherry market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption saw a significant increase. The pace of growth was the most pronounced in 2013 when the market value increased by X% y-o-y. Cherry consumption peaked at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

Cherry Exports

Exports from Nigeria

In 2019, shipments abroad of cherries decreased by X% to X kg, falling for the second consecutive year after four years of growth. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at X kg in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, cherry exports stood at $X in 2019. In general, exports recorded a dramatic decline. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Botswana (X kg) was the main destination for cherry exports from Nigeria, with a X% share of total exports. Moreover, cherry exports to Botswana exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold.

From 2007 to 2017, the average annual rate of growth in terms of volume to Botswana was relatively modest.

In value terms, the largest markets for cherry exported from Nigeria were Botswana ($X) and the Netherlands ($X the main countries of destination, Botswana saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2017, the average cherry export price amounted to $X per tonne, picking up by X% against the previous year. Overall, the export price, however, saw a deep slump. Over the period under review, average export prices hit record highs at $X per tonne in 2007; however, from 2008 to 2017, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2017, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Botswana totaled $X per tonne.

From 2007 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to Botswana.

Cherry Imports

Imports into Nigeria

In 2019, supplies from abroad of cherries increased by X% to X tonnes, rising for the third consecutive year after two years of decline. Over the period under review, imports saw buoyant growth. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Imports peaked at X tonnes in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

In value terms, cherry imports skyrocketed to $X in 2019. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

Romania (X kg), Azerbaijan (X kg) and the Netherlands (X kg) were the main suppliers of cherry imports to Nigeria, together comprising X% of total imports.

From 2007 to 2019, the biggest increases were in the Netherlands (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cherry suppliers to Nigeria were Romania ($X), Azerbaijan ($X) and the Netherlands ($X), together accounting for X% of total imports.

In terms of the main suppliers, the Netherlands (+X% per year) recorded 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

The average cherry import price stood at $X per tonne in 2019, flattening at the previous year. Over the period under review, the import price enjoyed mild growth. The growth pace was the most rapid in 2017 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Romania, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cherries in the world?
+
Turkey (765K tonnes) remains the largest cherry consuming country worldwide, comprising approx. 19% of total volume. Moreover, cherry consumption in Turkey exceeded the figures recorded by the second-largest consumer, Russia (378K tonnes), twofold. The U.S. (366K tonnes) ranked third in terms of total consumption with a 8.9% share.
What are the largest producers of cherries in the world?
+
The countries with the highest volumes of cherry production in 2019 were Turkey (846K tonnes), the U.S. (440K tonnes) and Russia (292K tonnes), together comprising 39% of global production. These countries were followed by Iran, Uzbekistan, Ukraine, Chile, Poland, Spain, Serbia, Italy, Greece and Romania, which together accounted for a further 41%.
What are the leading suppliers of cherries to Nigeria?
+
In value terms, Romania ($2.8K), Azerbaijan ($2.6K) and the Netherlands ($1.2K) appeared to be the largest cherry suppliers to Nigeria, with a combined 98% share of total imports.
What are the leading importers of cherries from Nigeria?
+
In value terms, the largest markets for cherry exported from Nigeria were Botswana ($25) and the Netherlands ($16).
What is the average export price for cherries in Nigeria?
+
The average cherry export price stood at $1,708 per tonne in 2017, picking up by 71% against the previous year.
What is the average import price for cherries in Nigeria?
+
The average cherry import price stood at $6,068 per tonne in 2019, therefore, remained relatively stable against the previous year.

Product coverage:
• FCL 530 - Sour cherries
• FCL 531 - Cherries

This report provides an in-depth analysis of the cherry 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
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
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, HARVESTED AREA AND YIELD
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:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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