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

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Fig Market Size in Nigeria

In 2020, the Nigerien fig market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Fig Exports

Exports from Nigeria

In 2020, overseas shipments of figs increased by X% to X kg, rising for the seventh year in a row after two years of decline. In general, exports showed a noticeable increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Exports peaked in 2020 and are likely to see gradual growth in years to come.

In value terms, fig exports stood at $X in 2020. Over the period under review, exports posted a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the near future.

Exports by Country

Niger (X kg) was the main destination for fig exports from Nigeria, with a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Niger stood at +X%.

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

From 2007 to 2020, the average annual growth rate of value to Niger amounted to +X%.

Export Prices by Country

The average fig export price stood at $X per tonne in 2020, rising by X% against the previous year. Overall, the export price showed modest growth. The pace of growth was the most pronounced in 2017 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2018 to 2020, 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 Niger.

From 2007 to 2020, the rate of growth in terms of prices for Niger amounted to +X% per year.

Fig Imports

Imports into Nigeria

In 2020, supplies from abroad of figs increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tonnes in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, fig imports surged to $X in 2020. In general, imports, however, posted a modest increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Niger (X tonnes), South Africa (X kg) and Italy (X kg) were the main suppliers of fig imports to Nigeria, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in South Africa, while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constituted the largest supplier of fig to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by Niger ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from South Africa stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Niger (-X% per year) and Italy (+X% per year).

Import Prices by Country

In 2020, the average fig import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the import price, however, posted a modest expansion. The growth pace was the most rapid in 2010 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2011 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was India ($X per tonne), while the price for Niger ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for figs in the world?
+
The countries with the highest volumes of fig consumption in 2020 were Turkey (249K tonnes), Egypt (223K tonnes) and Morocco (165K tonnes), together accounting for 47% of global consumption. Iran, Algeria, Spain, the U.S., Syrian Arab Republic, India, Tunisia, France, Albania and China lagged somewhat behind, together accounting for a further 37%.
What are the largest producers of figs in the world?
+
The countries with the highest volumes of fig production in 2020 were Turkey (320K tonnes), Egypt (222K tonnes) and Morocco (166K tonnes), with a combined 52% share of global production.
What are the leading suppliers of figs to Nigeria?
+
In value terms, South Africa ($2.4K) constituted the largest supplier of fig to Nigeria, comprising 43% of total imports. The second position in the ranking was occupied by Niger ($1K), with a 19% share of total imports. It was followed by Italy, with a 14% share.
What are the leading importers of figs from Nigeria?
+
In value terms, Niger ($132) remains the key foreign market for fig exports from Nigeria.
What is the average export price for figs in Nigeria?
+
The average fig export price stood at $4,682 per tonne in 2020, rising by 1.8% against the previous year.
What is the average import price for figs in Nigeria?
+
The average fig import price stood at $3,151 per tonne in 2020, shrinking by -31.2% against the previous year.

Product coverage:
• FCL 569 - Figs

This report provides an in-depth analysis of the fig 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 2007–2020
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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