Report Update May 1, 2024

Nigeria - Frozen Salmonoids - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Frozen Salmonoids Market 2022

Frozen Salmonoids Market Size in Nigeria

The Nigerien frozen salmonoids market skyrocketed to $X in 2020, growing 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 saw a prominent expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Frozen salmonoids consumption peaked at $X in 2017; however, from 2018 to 2020, consumption stood at a somewhat lower figure.

Frozen Salmonoids Exports

Exports from Nigeria

In 2020, the amount of frozen salmonoids exported from Nigeria stood at X kg, stabilizing at 2019. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, exports reached the peak figure in 2020 and are likely to see gradual growth in the near future.

In value terms, frozen salmonoids exports totaled $X in 2020. In general, exports recorded a relatively flat trend pattern. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in years to come.

Exports by Country

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

From 2007 to 2020, the average annual growth rate of volume to Niger was relatively modest.

From 2007 to 2020, the average annual growth rate of value to Niger was relatively modest.

Export Prices by Country

The average frozen salmonoids export price stood at $X per ton in 2020, approximately mirroring the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, average export prices hit record highs in 2020 and is likely to see steady growth in the immediate term.

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.

Frozen Salmonoids Imports

Imports into Nigeria

Frozen salmonoids imports into Nigeria skyrocketed to X tons in 2020, increasing by X% compared with the previous year. Overall, imports recorded a prominent increase. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen salmonoids imports rose rapidly to $X in 2020. Over the period under review, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Imports peaked at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Mauritania (X tons) constituted the largest supplier of frozen salmonoids to Nigeria, accounting for a X% share of total imports. Moreover, frozen salmonoids imports from Mauritania exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Mauritania amounted to +X%.

In value terms, the largest frozen salmonoids suppliers to Nigeria were Mauritania ($X) and the Netherlands ($X Netherlands saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2020, the average frozen salmonoids import price amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the import price, however, recorded a pronounced increase. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2011 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per ton), while the price for Mauritania amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mauritania.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen salmonoids in the world?

The countries with the highest volumes of frozen salmonoids consumption in 2020 were the U.S., India and Pakistan, together accounting for 55% of global consumption. Togo, Guinea-Bissau, Mali, Thailand, Saudi Arabia, Myanmar, Cameroon, Mauritania, Canada and Bangladesh lagged somewhat behind, together accounting for a further 36%.

What are the largest producers of frozen salmonoids in the world?

The countries with the highest volumes of frozen salmonoids production in 2020 were the U.S., India and Mauritania, together accounting for 61% of global production.

What are the leading suppliers of frozen salmonoids to Nigeria?

In value terms, Mauritania and the Netherlands constituted the largest frozen salmonoids suppliers to Nigeria.

What is the average export price for frozen salmonoids in Nigeria?

The average frozen salmonoids export price stood at $3,037 per ton in 2020, flattening at the previous year.

What is the average import price for frozen salmonoids in Nigeria?

The average frozen salmonoids import price stood at $1,397 per ton in 2020, with a decrease of -19.6% against the previous year.

This report provides an in-depth analysis of the frozen salmonoids 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.

Product coverage:

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023