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

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Coconut Market Size in Nigeria

The revenue of the coconut market in Nigeria amounted to $X in 2018, waning by -X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. In that year, the coconut market attained its peak level of $X, and then declined slightly in the following year.

Coconut Production in Nigeria

In value terms, coconut production amounted to $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. In that year, coconut production attained its peak level of $X, and then declined slightly in the following year.

In 2018, the average coconut yield in Nigeria totaled X tonne per ha, growing by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, the average coconut yield attained its peak figure level in 2018 and is likely to see steady growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of coconuts were harvested in Nigeria; approximately reflecting the previous year. Over the period under review, the coconut harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to coconut production attained its peak figure at X ha in 2007; however, from 2008 to 2018, harvested area failed to regain its momentum.

Coconut Exports

Exports from Nigeria

In 2018, the amount of coconuts exported from Nigeria stood at X tonnes, lowering by -X% against the previous year. Overall, coconut exports continue to indicate a deep decrease. The pace of growth appeared the most rapid in 2012 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2016; however, from 2017 to 2018, exports remained at a lower figure.

In value terms, coconut exports stood at $X in 2018. Over the period under review, coconut exports continue to indicate a deep curtailment. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, coconut exports attained their peak figure at $X in 2012; however, from 2013 to 2018, exports remained at a lower figure.

Exports by Country

Viet Nam (X kg) was the main destination for coconut exports from Nigeria, with a X% share of total exports. Moreover, coconut exports to Viet Nam exceeded the volume sent to the second major destination, Malaysia (X kg), fourfold. India (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Viet Nam totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and India (X% per year).

In value terms, Viet Nam ($X) remains the key foreign market for coconut exports from Nigeria, comprising X% of total coconut exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Viet Nam totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and India (X% per year).

Export Prices by Country

In 2018, the average coconut export price amounted to $X per tonne, going up by X% against the previous year. In general, the coconut export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for coconuts reached their peak figure at $X per tonne in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2018, the highest prices were recorded for prices to Malaysia ($X per tonne) and Indonesia ($X per tonne), while the average price for exports to Viet Nam ($X per tonne) and India ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Viet Nam, while the prices for the other major destinations experienced more modest paces of growth.

Coconut Imports

Imports into Nigeria

Coconut imports into Nigeria amounted to X tonnes in 2018, increasing by X% against the previous year. Overall, coconut imports continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, coconut imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, coconut imports totaled $X in 2018. In general, coconut imports continue to indicate an outstanding increase. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Ghana (X tonnes) was the main supplier of coconut to Nigeria, with a approx. X% share of total imports.

From 2007 to 2018, the average annual rate of growth in terms of volume from Ghana totaled +X%.

In value terms, Ghana ($X) constituted the largest supplier of coconut to Nigeria.

From 2007 to 2018, the average annual rate of growth in terms of value from Ghana amounted to +X%.

Import Prices by Country

The average coconut import price stood at $X per tonne in 2018, going down by -X% against the previous year. Over the period under review, the coconut import price continues to indicate a drastic reduction. The pace of growth appeared the most rapid in 2016 an increase of X% year-to-year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Ghana.

From 2007 to 2018, the rate of growth in terms of prices for Ghana amounted to +X% per year.

Source: IndexBox AI Platform

Product coverage:
• FCL 249 - Coconuts

This report provides an in-depth analysis of the coconut 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
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 2007–2020
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 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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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