
Nigeria - Frozen Potatoes - Market Analysis, Forecast, Size, Trends and Insights
Nigeria: Frozen Potato Market 2022
Frozen Potato Market Size in Nigeria
The Nigerien frozen potato market soared to $X in 2021, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
Frozen Potato Exports
Exports from Nigeria
In 2021, approx. X tons of frozen potatoes were exported from Nigeria; growing by X% compared with 2020. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.
In value terms, frozen potato exports skyrocketed to $X in 2021. In general, exports posted a perceptible expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.
Exports by Country
Niger (X tons) was the main destination for frozen potato exports from Nigeria, with a X% share of total exports. It was followed by Benin (X kg), with a X% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to Niger was relatively modest.
In value terms, Niger ($X) remains the key foreign market for frozen potato exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by Benin ($X), with a X% share of total exports.
From 2012 to 2021, the average annual growth rate of value to Niger stood at +X%.
Export Prices by Country
In 2021, the average frozen potato export price amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the export price, however, posted moderate growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was Benin ($X per ton), while the average price for exports to Niger totaled $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+X%).
Frozen Potato Imports
Imports into Nigeria
In 2021, approx. X tons of frozen potatoes were imported into Nigeria; rising by X% against the previous year. Overall, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen potato imports soared to $X in 2021. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.
Imports by Country
In 2021, Belgium (X tons) constituted the largest supplier of frozen potato to Nigeria, with a X% share of total imports. Moreover, frozen potato imports from Belgium exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold. China (X tons) ranked third in terms of total imports with a X% share.
From 2012 to 2021, the average annual growth rate of volume from Belgium amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and China (+X% per year).
In value terms, Belgium ($X) constituted the largest supplier of frozen potato to Nigeria, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total imports. It was followed by China, with a X% share.
From 2012 to 2021, the average annual growth rate of value from Belgium stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and China (+X% per year).
Import Prices by Country
In 2021, the average frozen potato import price amounted to $X per ton, shrinking by -X% against the previous year. Overall, the import price showed a mild setback. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2020, and then contracted in the following year.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+X%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the frozen potato 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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