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Nigeria - Dried Onions - Market Analysis, Forecast, Size, Trends And Insights
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Nigeria: Dried Onion Market Overview 2021

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Dried Onion Market Size in Nigeria

After three years of decline, the Nigerien dried onion market increased by X% to $X in 2020. In general, consumption, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Dried onion consumption peaked at $X in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Dried Onion Exports

Exports from Nigeria

In 2020, the amount of dried onions exported from Nigeria stood at X tonnes, approximately reflecting the previous year. Overall, exports continue to indicate a sharp shrinkage. Exports peaked at X tonnes in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, dried onion exports stood at $X in 2020. In general, exports continue to indicate a sharp decline. Over the period under review, exports reached the peak figure at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Benin (X tonnes) was the main destination for dried onion exports from Nigeria, with a X% share of total exports. It was followed by the U.S. (X kg), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Benin amounted to -X%.

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

Export Prices by Country

In 2020, the average dried onion export price amounted to $X per tonne, approximately reflecting the previous year. Over the period under review, the export price showed a slight descent. The export price peaked at $X per tonne in 2018; afterwards, it flattened through to 2020.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Benin totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S..

Dried Onion Imports

Imports into Nigeria

In 2020, dried onion imports into Nigeria reduced to X tonnes, waning by -X% against the year before. Overall, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2019, and then declined modestly in the following year.

In value terms, dried onion imports stood at $X in 2020. In general, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, India (X tonnes) constituted the largest supplier of dried onion to Nigeria, with a X% share of total imports. Moreover, dried onion imports from India exceeded the figures recorded by the second-largest supplier, Switzerland (X tonnes), more than tenfold. The third position in this ranking was occupied by France (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+X% per year) and France (+X% per year).

In value terms, India ($X) constituted the largest supplier of dried onion to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by Switzerland ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2007 to 2020, the average annual growth rate of value from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+X% per year) and France (+X% per year).

Import Prices by Country

The average dried onion import price stood at $X per tonne in 2020, with an increase of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for dried onions in the world?
+
The country with the largest volume of dried onion consumption was China (203K tonnes), comprising approx. 26% of total volume. Moreover, dried onion consumption in China exceeded the figures recorded by the second-largest consumer, India (84K tonnes), twofold. The third position in this ranking was occupied by the U.S. (83K tonnes), with a 11% share.
What are the largest producers of dried onions in the world?
+
The countries with the highest volumes of dried onion production in 2020 were China (222K tonnes), India (152K tonnes) and the U.S. (104K tonnes), together comprising 58% of global production. Spain, Pakistan, Egypt, Tanzania, Mexico, Iran, France and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further 21%.
What are the leading suppliers of dried onions to Nigeria?
+
In value terms, India ($2.2M) constituted the largest supplier of dried onion to Nigeria, comprising 77% of total imports. The second position in the ranking was occupied by Switzerland ($256K), with a 9% share of total imports. It was followed by France, with a 3.5% share.
What are the leading importers of dried onions from Nigeria?
+
In value terms, the U.S. ($2.1K) and Benin ($1.8K) were the largest markets for dried onion exported from Nigeria worldwide.
What is the average export price for dried onions in Nigeria?
+
In 2020, the average dried onion export price amounted to $2,153 per tonne, approximately reflecting the previous year.
What is the average import price for dried onions in Nigeria?
+
In 2020, the average dried onion import price amounted to $2,134 per tonne, surging by 15% against the previous year.

Product coverage:
• Prodcom 10391330 - Dried onions, whole, cut, sliced, broken or in powder, but not further prepared

This report provides an in-depth analysis of the dried onion 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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