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Nigeria - Mushrooms And Truffles - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Mushroom And Truffle Market Overview 2021

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Mushroom And Truffle Market Size in Nigeria

In 2019, after four years of growth, there was significant decline in the Nigerien mushroom and truffle market, when its value decreased by -X% to $X. In general, consumption, however, showed a buoyant increase. The growth pace was the most rapid in 2011 when the market value increased by X% y-o-y. Mushroom and truffle consumption peaked at $X in 2018, and then dropped remarkably in the following year.

Mushroom And Truffle Exports

Exports from Nigeria

In 2019, mushroom and truffle exports from Nigeria soared to X tonnes, with an increase of X% against 2018. Overall, exports showed slight growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Exports peaked at X tonnes in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, mushroom and truffle exports skyrocketed to $X in 2019. In general, exports showed a resilient increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Exports peaked at $X in 2014; however, from 2015 to 2019, exports remained at a lower figure.

Exports by Country

South Africa (X tonnes) was the main destination for mushroom and truffle exports from Nigeria, with a X% share of total exports. Moreover, mushroom and truffle exports to South Africa exceeded the volume sent to the second major destination, Niger (X kg), fourfold.

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

In value terms, South Africa ($X) remains the key foreign market for mushroom and truffle exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by Niger ($X), with a X% share of total exports.

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

Export Prices by Country

The average mushroom and truffle export price stood at $X per tonne in 2019, rising by X% against the previous year. In general, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was South Africa ($X per tonne), while the average price for exports to Niger stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to South Africa.

Mushroom And Truffle Imports

Imports into Nigeria

In 2019, overseas purchases of mushrooms and truffles decreased by -X% to X tonnes for the first time since 2014, thus ending a four-year rising trend. In general, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X tonnes in 2018, and then fell notably in the following year.

In value terms, mushroom and truffle imports fell notably to $X in 2019. Overall, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Imports peaked at $X in 2018, and then dropped significantly in the following year.

Imports by Country

Italy (X tonnes), the United Arab Emirates (X tonnes) and the Netherlands (X tonnes) were the main suppliers of mushroom and truffle imports to Nigeria, with a combined X% share of total imports. These countries were followed by Germany, Egypt, China and South Africa, which together accounted for a further X 2007 to 2019, the biggest increases were in Germany, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United Arab Emirates ($X) and the Netherlands ($X) were the largest mushroom and truffle suppliers to Nigeria, with a combined X% share of total imports. These countries were followed by Egypt, Germany, South Africa and China, which together accounted for a further X recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mushroom and truffle import price stood at $X per tonne in 2019, growing by X% against the previous year. Over the period under review, import price indicated a noticeable increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Egypt, 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 mushrooms and truffles in the world?
+
China (8.8M tonnes) constituted the country with the largest volume of mushroom and truffle consumption, comprising approx. 74% of total volume. Moreover, mushroom and truffle consumption in China exceeded the figures recorded by the second-largest consumer, Japan (478K tonnes), more than tenfold. The third position in this ranking was occupied by the U.S. (456K tonnes), with a 3.8% share.
What are the largest producers of mushrooms and truffles in the world?
+
The country with the largest volume of mushroom and truffle production was China (8.9M tonnes), comprising approx. 75% of total volume. Moreover, mushroom and truffle production in China exceeded the figures recorded by the second-largest producer, Japan (470K tonnes), more than tenfold. The U.S. (384K tonnes) ranked third in terms of total production with a 3.2% share.
What are the leading suppliers of mushrooms and truffles to Nigeria?
+
In value terms, the largest mushroom and truffle suppliers to Nigeria were Italy ($69K), the United Arab Emirates ($65K) and the Netherlands ($51K), with a combined 64% share of total imports. These countries were followed by Egypt, Germany, South Africa and China, which together accounted for a further 18%.
What are the leading importers of mushrooms and truffles from Nigeria?
+
In value terms, South Africa ($4.2K) remains the key foreign market for mushroom and truffle exports from Nigeria, comprising 96% of total exports. The second position in the ranking was occupied by Niger ($156), with a 3.6% share of total exports.
What is the average export price for mushrooms and truffles in Nigeria?
+
The average mushroom and truffle export price stood at $2,607 per tonne in 2019, increasing by 13% against the previous year.
What is the average import price for mushrooms and truffles in Nigeria?
+
The average mushroom and truffle import price stood at $4,967 per tonne in 2019, rising by 30% against the previous year.

Product coverage:
• FCL 449 - Mushrooms

This report provides an in-depth analysis of the mushroom and truffle 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
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
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, HARVESTED AREA AND YIELD
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:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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