Latest Report Update: Apr 14, 2021

Nigeria - Frozen Potatoes (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Nigeria: Preserved Frozen Potato Market Overview 2021

Preserved Frozen Potato Market Size in Nigeria

The Nigerien preserved frozen potato market soared to $X in 2019, with an increase of X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Preserved frozen potato consumption peaked at $X in 2010; afterwards, it flattened through to 2019.

Preserved Frozen Potato Production in Nigeria

In value terms, preserved frozen potato production skyrocketed to $X in 2019 estimated in export prices. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Preserved frozen potato production peaked at $X in 2010; afterwards, it flattened through to 2019.

Preserved Frozen Potato Exports

Exports from Nigeria

In 2019, exports of frozen potatoes (prepared or preserved) from Nigeria shrank modestly to X kg, with a decrease of -X% on the previous year. In general, exports saw a noticeable downturn. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. As a result, exports reached the peak of X kg. From 2015 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, preserved frozen potato exports soared to $X in 2019. Overall, exports saw a deep reduction. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2014; however, from 2015 to 2019, exports remained at a lower figure.

Exports by Country

South Africa (X kg) was the main destination for preserved frozen potato exports from Nigeria, accounting for a X% share of total exports. It was followed by Egypt (X kg), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to South Africa was relatively modest.

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

From 2007 to 2019, the average annual growth rate of value to South Africa stood at -X%.

Export Prices by Country

The average preserved frozen potato export price stood at $X per tonne in 2019, with an increase of X% against the previous year. Overall, the export price, however, saw a pronounced slump. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2017 to 2019, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Egypt ($X per tonne), while the average price for exports to South Africa totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+X% per year).

Preserved Frozen Potato Imports

Imports into Nigeria

After two years of growth, overseas purchases of frozen potatoes (prepared or preserved) decreased by -X% to X tonnes in 2019. Overall, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tonnes in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

In value terms, preserved frozen potato imports fell to $X in 2019. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Belgium (X tonnes) constituted the largest preserved frozen potato supplier to Nigeria, accounting for a X% share of total imports. Moreover, preserved frozen potato imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), threefold.

From 2007 to 2019, 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: the Netherlands (+X% per year) and Lebanon (+X% per year).

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

From 2007 to 2019, 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 Lebanon (+X% per year).

Import Prices by Country

In 2019, the average preserved frozen potato import price amounted to $X per tonne, jumping by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2010 to 2019, 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 2019, the country with the highest price was Belgium ($X per tonne), while the price for Lebanon ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen potatoes (prepared or preserved) in the world?
+
China (6.6M tonnes) remains the largest preserved frozen potato consuming country worldwide, accounting for 17% of total volume. Moreover, preserved frozen potato consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (2.8M tonnes), twofold. India (2.6M tonnes) ranked third in terms of total consumption with a 6.8% share.
What are the largest producers of frozen potatoes (prepared or preserved) in the world?
+
China (6.4M tonnes) constituted the country with the largest volume of preserved frozen potato production, accounting for 16% of total volume. Moreover, preserved frozen potato production in China exceeded the figures recorded by the second-largest producer, the U.S. (2.9M tonnes), twofold. The third position in this ranking was occupied by Belgium (2.7M tonnes), with a 6.8% share.
What are the leading suppliers of frozen potatoes (prepared or preserved) to Nigeria?
+
In value terms, Belgium ($1.5M) constituted the largest supplier of preserved frozen potato to Nigeria, comprising 70% of total imports. The second position in the ranking was occupied by the Netherlands ($484K), with a 23% share of total imports.
What are the leading importers of frozen potatoes (prepared or preserved) from Nigeria?
+
In value terms, South Africa ($103) remains the key foreign market for preserved frozen potato exports from Nigeria, comprising 70% of total exports. The second position in the ranking was occupied by Egypt ($45), with a 30% share of total exports.
What is the average export price for frozen potatoes (prepared or preserved) in Nigeria?
+
In 2019, the average preserved frozen potato export price amounted to $1,741 per tonne, surging by 29% against the previous year.
What is the average import price for frozen potatoes (prepared or preserved) in Nigeria?
+
The average preserved frozen potato import price stood at $939 per tonne in 2019, picking up by 15% against the previous year.

Product coverage:
• 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 preserved 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

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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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