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Nigeria - Frozen Potatoes - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Nigeria: Frozen Potato Market Overview 2021

Frozen Potato Market Size in Nigeria

The Nigerien frozen potato market skyrocketed to $X in 2020, increasing 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 posted resilient growth. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, the market attained the peak level in 2020 and is expected to retain growth in the near future.

Frozen Potato Exports

Exports from Nigeria

In 2020, approx. X tonnes of frozen potatoes were exported from Nigeria; with a decrease of -X% against 2019 figures. Over the period under review, exports, however, saw a pronounced expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes. From 2016 to 2020, the growth exports failed to regain the momentum.

In value terms, frozen potato exports reduced sharply to $X in 2020. Overall, exports, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Exports peaked at $X in 2016; however, from 2017 to 2020, exports remained at a lower figure.

Exports by Country

Niger (X tonnes) was the main destination for frozen potato exports from Nigeria, with a X% share of total exports. It was followed by Gambia (X kg), with a X% share of total exports.

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

In value terms, Niger ($X) remains the key foreign market for frozen potato exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by Gambia ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Niger stood at -X%.

Export Prices by Country

The average frozen potato export price stood at $X per tonne in 2020, falling by -X% against the previous year. Overall, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2011 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Gambia ($X per tonne), while the average price for exports to Niger amounted to $X per tonne.

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

Frozen Potato Imports

Imports into Nigeria

In 2020, approx. X tonnes of frozen potatoes were imported into Nigeria; rising by X% on the previous year's figure. Over the period under review, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. Imports peaked in 2020 and are likely to continue growth in the near future.

In value terms, frozen potato imports skyrocketed to $X in 2020. In general, imports enjoyed a resilient increase. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Imports peaked in 2020 and are likely to continue growth in years to come.

Imports by Country

In 2020, Belgium (X tonnes) constituted the largest frozen potato supplier to Nigeria, accounting for a X% share of total imports. Moreover, frozen potato imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), twofold. The third position in this ranking was occupied by Lebanon (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Belgium totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Lebanon (+X% per year).

In value terms, Belgium ($X) constituted the largest supplier of frozen potato to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Belgium totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Denmark (+X% per year).

Import Prices by Country

In 2020, the average frozen potato import price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the import price recorded a mild slump. The pace of growth appeared the most rapid in 2009 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2010 to 2020, the growth in terms of the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen potatoes in the world?
+
China (6.7M tonnes) constituted the country with the largest volume of frozen potato consumption, accounting for 25% of total volume. Moreover, frozen potato consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (3.1M tonnes), twofold. India (2.7M tonnes) ranked third in terms of total consumption with a 10% share.
What are the largest producers of frozen potatoes in the world?
+
China (6.7M tonnes) constituted the country with the largest volume of frozen potato production, comprising approx. 24% of total volume. Moreover, frozen potato production in China exceeded the figures recorded by the second-largest producer, the U.S. (3M tonnes), twofold. India (2.8M tonnes) ranked third in terms of total production with a 10% share.
What are the leading suppliers of frozen potatoes to Nigeria?
+
In value terms, Belgium ($1.9M) constituted the largest supplier of frozen potato to Nigeria, comprising 65% of total imports. The second position in the ranking was occupied by the Netherlands ($824K), with a 28% share of total imports. It was followed by Denmark, with a 1.7% share.
What are the leading importers of frozen potatoes from Nigeria?
+
In value terms, Niger ($2.7K) remains the key foreign market for frozen potato exports from Nigeria, comprising 78% of total exports. The second position in the ranking was occupied by Gambia ($682), with a 20% share of total exports.
What is the average export price for frozen potatoes in Nigeria?
+
The average frozen potato export price stood at $529 per tonne in 2020, reducing by -9.7% against the previous year.
What is the average import price for frozen potatoes in Nigeria?
+
In 2020, the average frozen potato import price amounted to $783 per tonne, waning by -12.7% against the previous year.

Product coverage:
• Prodcom 10311110 - Frozen potatoes, uncooked or cooked by steaming or boiling in water
• Prodcom 10311130 - Frozen potatoes, prepared or preserved (including potatoes cooked or partly cooked in oil and then frozen, excluding by vinegar or acetic acid)

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 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

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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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