Latest Report Update: Apr 8, 2021

Nigeria - Lactose And Lactose Syrup - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Nigeria: Lactose Market Overview 2021

Lactose Market Size in Nigeria

In 2019, the Nigerien lactose market decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a abrupt slump. The pace of growth appeared the most rapid in 2008 when the market value increased by X% y-o-y. Lactose consumption peaked at $X in 2009; however, from 2010 to 2019, consumption remained at a lower figure.

Lactose Exports

Exports from Nigeria

In 2019, shipments abroad of lactose and lactose syrup increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Overall, exports posted prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. Exports peaked in 2019 and are likely to continue growth in years to come.

In value terms, lactose exports reached $X in 2019. In general, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, exports reached the maximum in 2019 and are likely to see gradual growth in years to come.

Exports by Country

South Africa (X tonnes) was the main destination for lactose exports from Nigeria, with a approx. X% share of total exports.

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

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

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

Export Prices by Country

In 2019, the average lactose export price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the export price recorded a slight descent. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per tonne in 2013; however, from 2014 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.

Lactose Imports

Imports into Nigeria

In 2019, overseas purchases of lactose and lactose syrup decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Overall, imports recorded a deep downturn. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Imports peaked at X tonnes in 2009; however, from 2010 to 2019, imports failed to regain the momentum.

In value terms, lactose imports shrank to $X in 2019. In general, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Brazil (X tonnes) constituted the largest supplier of lactose to Nigeria, accounting for a X% share of total imports. Moreover, lactose imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Brazil totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the U.S. (-X% per year).

In value terms, Brazil ($X) constituted the largest supplier of lactose to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Brazil totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the U.S. (-X% per year).

Import Prices by Country

The average lactose import price stood at $X per tonne in 2019, dropping by -X% against the previous year. Overall, the import price, however, posted modest growth. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Ireland, 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 lactose and lactose syrup in the world?
+
The country with the largest volume of lactose consumption was China (593K tonnes), accounting for 25% of total volume. Moreover, lactose consumption in China exceeded the figures recorded by the second-largest consumer, India (245K tonnes), twofold. The third position in this ranking was occupied by the U.S. (161K tonnes), with a 6.8% share.
What are the largest producers of lactose and lactose syrup in the world?
+
The countries with the highest volumes of lactose production in 2019 were the U.S. (534K tonnes), China (487K tonnes) and Germany (290K tonnes), together accounting for 57% of global production. These countries were followed by India, Brazil, the Netherlands, Turkey, France, Denmark, the UK and Italy, which together accounted for a further 29%.
What are the leading suppliers of lactose and lactose syrup to Nigeria?
+
In value terms, Brazil ($558K) constituted the largest supplier of lactose to Nigeria, comprising 56% of total imports. The second position in the ranking was occupied by China ($153K), with a 15% share of total imports. It was followed by the U.S., with a 8.2% share.
What are the leading importers of lactose and lactose syrup from Nigeria?
+
In value terms, South Africa ($6.5K) remains the key foreign market for lactose exports from Nigeria.
What is the average export price for lactose and lactose syrup in Nigeria?
+
The average lactose export price stood at $1,162 per tonne in 2019, which is down by -56.1% against the previous year.
What is the average import price for lactose and lactose syrup in Nigeria?
+
The average lactose import price stood at $1,258 per tonne in 2019, waning by -11.3% against the previous year.

Product coverage:
• Prodcom 10515400 - Lactose and lactose syrup (including chemically pure lactose)

This report provides an in-depth analysis of the lactose 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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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