Apr 11, 2019

Nigeria - Ghee - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Ghee Market Overview 2019

Ghee Market Size in Nigeria

The revenue of the ghee market in Nigeria amounted to $X in 2017, jumping 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). In general, ghee consumption continues to indicate an abrupt deduction. The growth pace was the most rapid in 2014, when it surged by X% against the previous year. Over the period under review, the ghee market reached its peak figure level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Ghee Exports

Exports from Nigeria

In 2017, approx. X kg of ghee were exported from Nigeria; shrinking by -X% against the previous year. In general, ghee exports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2008, with an increase of -X% y-o-y. The exports peaked of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, ghee exports totaled $X in 2017. Overall, ghee exports continue to indicate a sharp reduction. Over the period under review, the ghee exports attained its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Exports by Country

The Netherlands (X kg) was the main destination of ghee exports from Nigeria, with a X% share of total exports. Moreover, ghee exports to the Netherlands exceeded the volume sent to the second major destination, Belgium (X kg), twofold.

From 2007 to 2017, the average annual rate of growth in terms of volume to the Netherlands stood at -X%.

In value terms, the Netherlands ($X) remains the key foreign market for ghee exports from Nigeria, making up X% of total ghee exports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total exports.

From 2007 to 2017, the average annual growth rate of value to the Netherlands stood at -X%.

Export Prices by Country

The average ghee export price stood at $X per tonne in 2017, picking up by X% against the previous year. In general, ghee export price continues to indicate a strong increase. The growth pace was the most rapid in 2012, an increase of X% year-to-year. Over the period under review, the average export prices for ghee attained its maximum level in 2017, and is likely to see steady growth in the immediate term.

Average export prices varied somewhat for the major foreign markets. In 2017, the country with the highest export price was the Netherlands ($X per tonne), while average price for exports to Belgium totaled $X per tonne.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to the Netherlands (+X% per year).

Ghee Imports

Imports into Nigeria

In 2017, the amount of ghee imported into Nigeria amounted to X tonnes, dropping by -X% against the previous year. In general, ghee imports continue to indicate a drastic reduction. The pace of growth appeared the most rapid in 2014, when it surged by X% against the previous year. The imports peaked of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, ghee imports stood at $X in 2017. Overall, ghee imports continue to indicate a drastic drop. Over the period under review, the ghee imports attained its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Imports by Country

In 2017, New Zealand (X tonnes) constituted the largest ghee supplier to Nigeria, accounting for X% share of total imports. Moreover, ghee imports from New Zealand exceeded the figures recorded by the second largest supplier, the Netherlands (X tonnes), twofold. The third position in this ranking was occupied by Barbados (X tonnes), with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume from New Zealand stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Barbados (-X% per year).

In value terms, largest ghee suppliers to Nigeria were New Zealand ($X), Barbados ($X) and the Netherlands ($X), together accounting for X% of total imports. These countries were followed by Indonesia, Belize, Pakistan and Austria, which together accounted for a further X%.

Belize (+X% per year) recorded the highest growth rate of imports,in terms of the main suppliers over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the average ghee import price amounted to $X per tonne, rising by X% against the previous year. In general, ghee import price continues to indicate a strong growth. The most prominent rate of growth was recorded in 2010, when the average import price increased by X% year-to-year. Over the period under review, the average import prices for ghee reached its peak figure level of $X per tonne in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Barbados ($X per tonne), while price for Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Barbados (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

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 2025
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 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
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 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
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, 2007–2018
Figure 21:
Production, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, 2007–2018
Figure 23:
Imports, In Value Terms, 2007–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2007–2018
Figure 26:
Imports, In Value Terms, By Country, 2007–2018
Figure 27:
Import Prices, By Country Of Origin, 2007–2018
Figure 28:
Exports, In Physical Terms, 2007–2018
Figure 29:
Exports, In Value Terms, 2007–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2007–2018
Figure 32:
Exports, In Value Terms, By Country, 2007–2018
Figure 33:
Export Prices, By Country Of Destination, 2007–2018
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