Latest Report Update: Apr 17, 2021

Nigeria - Degras - Market Analysis, Forecast, Size, Trends And Insights
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Nigeria: Degras Market Overview 2021

Degras Market Size in Nigeria

In 2019, the Nigerien degras market decreased by -X% to $X, falling for the third consecutive year after four years of growth. Overall, consumption, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2017 to 2019, the growth of the market remained at a lower figure.

Degras Production in Nigeria

In value terms, degras production fell slightly to $X in 2019 estimated in export prices. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2019, production growth remained at a lower figure.

Degras Exports

Exports from Nigeria

In 2019, approx. X tonnes of degras were exported from Nigeria; with a decrease of -X% on the previous year's figure. In general, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2013; however, from 2014 to 2019, exports remained at a lower figure.

In value terms, degras exports contracted dramatically to $X in 2019. Overall, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

Exports by Country

Benin (X tonnes) was the main destination for degras exports from Nigeria, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Benin stood at -X%.

In value terms, Benin ($X) also remains the key foreign market for degras exports from Nigeria.

From 2007 to 2019, the average annual growth rate of value to Benin totaled +X%.

Export Prices by Country

In 2019, the average degras export price amounted to $X per tonne, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. Over the period under review, average export prices hit record highs at $X per tonne in 2016; however, from 2017 to 2019, export prices stood at a somewhat lower figure.

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

From 2007 to 2019, the rate of growth in terms of prices for Benin amounted to +X% per year.

Degras Imports

Imports into Nigeria

In 2019, imports of degras into Nigeria totaled X tonnes, approximately mirroring the previous year's figure. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. From 2018 to 2019, the growth imports remained at a lower figure.

In value terms, degras imports amounted to $X in 2019. In general, imports recorded mild growth. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

Imports by Country

Viet Nam (X tonnes) and Indonesia (X tonnes) were the main suppliers of degras imports to Nigeria, together accounting for X% of total imports.

From 2007 to 2019, the biggest increases were in Viet Nam.

In value terms, Viet Nam ($X) constituted the largest supplier of degras to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Viet Nam amounted to +X%.

Import Prices by Country

In 2019, the average degras import price amounted to $X per tonne, leveling off at the previous year. Overall, import price indicated mild growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, degras import price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Viet Nam ($X per tonne), while the price for Indonesia stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for degras in the world?
+
China (1.1M tonnes) constituted the country with the largest volume of degras consumption, comprising approx. 16% of total volume. Moreover, degras consumption in China exceeded the figures recorded by the second-largest consumer, India (439K tonnes), twofold. The third position in this ranking was occupied by the U.S. (401K tonnes), with a 5.9% share.
What are the largest producers of degras in the world?
+
The country with the largest volume of degras production was China (1.1M tonnes), comprising approx. 15% of total volume. Moreover, degras production in China exceeded the figures recorded by the second-largest producer, India (436K tonnes), twofold. The U.S. (401K tonnes) ranked third in terms of total production with a 5.8% share.
What are the leading suppliers of degras to Nigeria?
+
In value terms, Viet Nam ($126K) constituted the largest supplier of degras to Nigeria, comprising 74% of total imports. The second position in the ranking was occupied by Indonesia ($43K), with a 26% share of total imports.
What are the leading importers of degras from Nigeria?
+
In value terms, Benin ($6.8K) remains the key foreign market for degras exports from Nigeria.
What is the average export price for degras in Nigeria?
+
The average degras export price stood at $76 per tonne in 2019, standing approx. at the previous year.
What is the average import price for degras in Nigeria?
+
The average degras import price stood at $465 per tonne in 2019, almost unchanged from the previous year.

Product coverage:
• Prodcom 10417200 - Degras, residues resulting from the treatment of fatty substances or animal or vegetable waxes

This report provides an in-depth analysis of the degras 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
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 2007–2020
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:
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, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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