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

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Chicory Market Size in Nigeria

The Nigerien chicory market was estimated at $X in 2019, standing approx. at the previous year. Over the period under review, consumption saw a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2019, the growth of the market remained at a lower figure.

Chicory Production in Nigeria

In value terms, chicory production stood at $X in 2019 estimated in export prices. In general, production, however, continues to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2019, production failed to regain the momentum.

The average yield of chicory in Nigeria amounted to X kg per ha in 2019, standing approx. at 2018. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The chicory harvested area in Nigeria amounted to X ha in 2019, approximately equating the previous year. In general, the harvested area saw a relatively flat trend pattern.

Chicory Exports

Exports from Nigeria

In 2019, the amount of chicory exported from Nigeria dropped notably to X kg, with a decrease of -X% on the year before. Overall, exports faced a sharp downturn. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Exports peaked at X kg in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

In value terms, chicory exports declined remarkably to $X in 2019. Over the period under review, exports saw a significant curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

Exports by Country

France (X kg) was the main destination for chicory exports from Nigeria, accounting for a approx. X% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to France was relatively modest.

From 2012 to 2018, the average annual rate of growth in terms of value to France was relatively modest.

Export Prices by Country

The average chicory export price stood at $X per tonne in 2018, leveling off at the previous year. In general, the export price saw a pronounced reduction. The pace of growth appeared the most rapid in 2015 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2016 to 2018, the growth in terms of the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2018, the rate of growth in terms of prices for France amounted to X% per year.

Chicory Imports

Imports into Nigeria

In 2019, approx. X kg of chicory were imported into Nigeria; approximately mirroring the previous year. Overall, imports recorded a relatively flat trend pattern.

In value terms, chicory imports stood at $X in 2019. Over the period under review, imports continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chicory in the world?
+
Belgium (376K tonnes) remains the largest chicory consuming country worldwide, comprising approx. 72% of total volume. Moreover, chicory consumption in Belgium exceeded the figures recorded by the second-largest consumer, the Netherlands (54K tonnes), sevenfold. France (36K tonnes) ranked third in terms of total consumption with a 6.9% share.
What are the largest producers of chicory in the world?
+
The country with the largest volume of chicory production was Belgium (376K tonnes), accounting for 73% of total volume. Moreover, chicory production in Belgium exceeded the figures recorded by the second-largest producer, the Netherlands (56K tonnes), sevenfold. France (36K tonnes) ranked third in terms of total production with a 7% share.
What is the average export price for chicory in Nigeria?
+
In 2018, the average chicory export price amounted to $2,247 per tonne, therefore, remained relatively stable against the previous year.

Product coverage:
• FCL 459 - Chicory roots

This report provides an in-depth analysis of the chicory 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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