Report Update Apr 1, 2024

Nigeria - Frozen Yellowfin Tuna - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in Nigeria

In 2020, the Nigerien frozen yellowfin tuna market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption showed significant growth. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Frozen yellowfin tuna consumption peaked in 2020 and is likely to see steady growth in the immediate term.

Frozen Yellowfin Tuna Production in Nigeria

In value terms, frozen yellowfin tuna production expanded slightly to $X in 2020 estimated in export prices. In general, the total production indicated temperate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Frozen yellowfin tuna production peaked in 2020 and is likely to continue growth in years to come.

Frozen Yellowfin Tuna Exports

Exports from Nigeria

In 2020, the amount of frozen yellowfin tuna exported from Nigeria stood at X kg, almost unchanged from 2019 figures. Overall, exports recorded a relatively flat trend pattern. Over the period under review, exports attained the maximum at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, frozen yellowfin tuna exports amounted to $X in 2020. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons) was the main destination for frozen yellowfin tuna exports from Nigeria, with a approx. X% share of total exports.

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

From 2007 to 2007, the average annual rate of growth in terms of value to Belgium was relatively modest.

Frozen Yellowfin Tuna Imports

Imports into Nigeria

Frozen yellowfin tuna imports into Nigeria skyrocketed to X tons in 2020, jumping by X% compared with the year before. Over the period under review, imports posted buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen yellowfin tuna imports surged to $X in 2020. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Argentina (X tons) and China (X tons) were the main suppliers of frozen yellowfin tuna imports to Nigeria.

From 2007 to 2020, the biggest increases were in Argentina.

In value terms, Argentina ($X) and China ($X) were the largest frozen yellowfin tuna suppliers to Nigeria.

In terms of the main suppliers, Argentina saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average frozen yellowfin tuna import price stood at $X per ton in 2020, declining by -X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable expansion. Over the period under review, average import prices hit record highs at $X per ton in 2019, and then declined significantly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Argentina ($X per ton), while the price for China totaled $X per ton.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen yellowfin tuna in the world?

The countries with the highest volumes of frozen yellowfin tuna consumption in 2020 were Thailand, Taiwan Chinese) and Spain, with a combined 37% share of global consumption. Papua New Guinea, Vietnam, Japan, Italy, Panama, Seychelles, France, Mauritius, China and Indonesia lagged somewhat behind, together comprising a further 46%.

What are the largest producers of frozen yellowfin tuna in the world?

The countries with the highest volumes of frozen yellowfin tuna production in 2020 were Taiwan Chinese), Papua New Guinea and France, with a combined 41% share of global production.

What are the leading suppliers of frozen yellowfin tuna to Nigeria?

In value terms, the largest frozen yellowfin tuna suppliers to Nigeria were Argentina and China.

What is the average import price for frozen yellowfin tuna in Nigeria?

In 2020, the average frozen yellowfin tuna import price amounted to $1,490 per ton, with a decrease of -27.3% against the previous year.

This report provides an in-depth analysis of the frozen yellowfin tuna 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