Nigeria: Cream Fresh Market Overview 2020

Cream Fresh Market Size in Nigeria

The revenue of the cream fresh market in Nigeria amounted to $X in 2017, falling by -X% against the previous year. Overall, cream fresh consumption continues to indicate an abrupt contraction. The growth pace was the most rapid in 2011, with an increase of X% against the previous year. Nigeria cream fresh consumption peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Cream Fresh Production in Nigeria

In 2017, approx. X tonnes of cream fresh were produced in Nigeria; standing approx. at 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2011, with an increase of X% y-o-y. Nigeria cream fresh production peaked of X tonnes in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Cream Fresh Exports from Nigeria

In 2017, the amount of cream fresh exported from Nigeria stood at X tonnes, going up by X% against the previous year. Overall, cream fresh exports continue to indicate a skyrocketing expansion. The growth pace was the most rapid in 2017, when exports increased by X% year-to-year. In that year, the cream fresh exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, cream fresh exports stood at $X in 2017. Overall, cream fresh exports continue to indicate a strong expansion. In that year, the cream fresh exports reached their peak level, and are likely to continue its growth in the immediate term.

Cream Fresh Exports by Country from Nigeria

In 2017, Germany (X tonnes), distantly followed by the Czech Republic (X tonnes), France (X tonnes), Austria (X tonnes), Belgium (X tonnes), the Netherlands (X tonnes), Poland (X tonnes) and the UK (X tonnes) were the largest exporters of cream fresh, together making up X% of total exports. The following exporters - Hungary (X tonnes), Latvia (X tonnes), Slovenia (X tonnes) and Denmark (X tonnes) each resulted at a X% share of total exports.

Germany experienced a relatively flat trend pattern of cream fresh exports. At the same time, Poland (+X%), Latvia (+X%), Hungary (+X%), Austria (+X%), the Czech Republic (+X%), Slovenia (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The UK, Denmark and Belgium experienced a relatively flat trend pattern. By contrast, France (-X%) illustrated a downward trend over the same period. While the share of Hungary (-X%), the Netherlands (-X%), Latvia (-X%), Austria (-X%), the Czech Republic (-X%) and Poland (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest cream fresh supplier from Nigeria, making up X% of global exports. The second position in the ranking was occupied by France ($X), with a X% share of global exports. It was followed by the Czech Republic, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Germany amounted to -X%. In the other countries, the average annual rates were as follows: France (-X% per year) and the Czech Republic (+X% per year).

Cream Fresh Export Prices by Country in Nigeria

In 2017, the cream fresh export price in Nigeria amounted to $X per tonne, going down by -X% against the previous year. Overall, cream fresh export price continues to indicate a deep deduction. The pace of growth appeared the most rapid in 2013, when it surged by X% year-to-year. In that year, the export prices for cream fresh attained their peak level of $X per tonne. From 2014 to 2017, growth of the export prices for cream fresh failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Denmark ($X per tonne), while Latvia ($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 the Netherlands (+X% per year), while the other leaders experienced a decline in the export price figures.

Cream Fresh Imports into Nigeria

Cream fresh imports into Nigeria amounted to X tonnes in 2017, growing by X% against the previous year. Overall, cream fresh imports continue to indicate an abrupt shrinkage. The pace of growth was the most pronounced in 2017, when it surged by X% y-o-y. Nigeria imports peaked of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, cream fresh imports totaled $X in 2017. In general, cream fresh imports continue to indicate a remarkable growth. Over the period under review, the cream fresh imports reached its maximum level in 2017, and are expected to retain its growth in the immediate term.

Cream Fresh Imports by Country into Nigeria

In 2017, Germany (X tonnes), distantly followed by Italy (X tonnes), Belgium (X tonnes), Ireland (X tonnes), the Netherlands (X tonnes), China (X tonnes) and Lithuania (X tonnes) were the largest importers of cream fresh, together generating X% of total imports. The following importers - France (X tonnes), Croatia (X tonnes), Russia (X tonnes), Romania (X tonnes) and Austria (X tonnes) each resulted at a X% 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 China (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2017, together accounting for X% of total imports. These countries were followed by China, the Netherlands, Ireland, Lithuania, France, Russia, Croatia, Romania, Austria and Nigeria, which together accounted for a further X%.

Among the main importing countries , China (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Cream Fresh Import Prices by Country in Nigeria

In 2017, the cream fresh import price in Nigeria amounted to $X per tonne, jumping by X% against the previous year. Overall, cream fresh import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2008, an increase of X% y-o-y. Over the period under review, the import prices for cream fresh reached its maximum level of $X per tonne in 2014; however, from 2015 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was China ($X per tonne), while Germany ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Russia (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform