Latest Report Update: Apr 8, 2021

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

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Nigeria: Ghee Market Overview 2021

Webinar: Global Palm Oil Market - Statistics, Trends, and Outlook

Join our live webinar to get insights into the global palm oil market.

Thursday, May 6th, 2021 @ 10:00 am ET

Register Now

Ghee Market Size in Nigeria

The Nigerien ghee market dropped sharply to $X in 2019, reducing 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 abrupt curtailment. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2011; however, from 2012 to 2019, consumption remained at a lower figure.

Ghee Exports

Exports from Nigeria

Ghee exports from Nigeria contracted to X kg in 2019, declining by -X% compared with the year before. Over the period under review, exports continue to indicate a dramatic shrinkage. The smallest decline of -X% was in 2008. Over the period under review, exports attained the maximum at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, ghee exports dropped notably to $X in 2019. Overall, exports faced a sharp contraction. The smallest decline of -X% was in 2010. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

South Africa (X kg) was the main destination for ghee exports from Nigeria, accounting for a approx. X% share of total exports.

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

In value terms, South Africa ($X) also remains the key foreign market for ghee exports from Nigeria.

From 2007 to 2019, the average annual growth rate of value to South Africa totaled +X%.

Export Prices by Country

In 2019, the average ghee export price amounted to $X per tonne, falling by -X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the maximum at $X per tonne in 2015; however, from 2016 to 2019, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2007 to 2019, the rate of growth in terms of prices for South Africa amounted to +X% per year.

Ghee Imports

Imports into Nigeria

For the fifth year in a row, Nigeria recorded decline in supplies from abroad of ghee, which decreased by -X% to X tonnes in 2019. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2015 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, ghee imports contracted remarkably to $X in 2019. Overall, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Indonesia (X tonnes) constituted the largest supplier of ghee to Nigeria, with a X% share of total imports. Moreover, ghee imports from Indonesia exceeded the figures recorded by the second-largest supplier, France (X tonnes), threefold. Argentina (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Indonesia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Argentina (-X% per year).

In value terms, Argentina ($X), Barbados ($X) and New Zealand ($X) appeared to be the largest ghee suppliers to Nigeria, together accounting for X% of total imports. These countries were followed by France, Indonesia and India, which together accounted for a further X the main suppliers, India recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ghee import price stood at $X per tonne in 2019, falling by -X% against the previous year. Overall, import price indicated a pronounced expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, ghee import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2018, and then contracted in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Barbados ($X per tonne), while the price for Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Barbados, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ghee in the world?
+
India (3.7M tonnes) constituted the country with the largest volume of ghee consumption, comprising approx. 73% of total volume. Moreover, ghee consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan (850K tonnes), fourfold.
What are the largest producers of ghee in the world?
+
The country with the largest volume of ghee production was India (3.7M tonnes), comprising approx. 73% of total volume. Moreover, ghee production in India exceeded the figures recorded by the second-largest producer, Pakistan (850K tonnes), fourfold.
What are the leading suppliers of ghee to Nigeria?
+
In value terms, the largest ghee suppliers to Nigeria were Argentina ($1.5M), Barbados ($943K) and New Zealand ($494K), with a combined 76% share of total imports. These countries were followed by France, Indonesia and India, which together accounted for a further 18%.
What are the leading importers of ghee from Nigeria?
+
In value terms, South Africa ($490) remains the key foreign market for ghee exports from Nigeria.
What is the average export price for ghee in Nigeria?
+
The average ghee export price stood at $2,520 per tonne in 2019, waning by -15.1% against the previous year.
What is the average import price for ghee in Nigeria?
+
The average ghee import price stood at $5,732 per tonne in 2019, declining by -11.9% against the previous year.

Product coverage:
• FCL 887 - Ghee from Cow Milk
• FCL 953 - Ghee, from Buffalo Milk

This report provides an in-depth analysis of the ghee 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

Webinar: Global Palm Oil Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global palm oil market.



Thursday, May 6th, 2021 @ 10:00 am ET


Register

Webinar: Global Fertilizer Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global fertilizer market.



Thursday, May 13th, 2021 @ 10:00 am ET


Register

Webinar: Global Graphite Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global graphite market.



Tuesday, May 18th, 2021 @ 10:00 am ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data