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Nigeria - Nuts (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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Nigeria: Nuts Market Overview 2021

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Nuts Market Size in Nigeria

In 2020, the Nigerien nuts market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated notable 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, consumption increased by +X% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. from 2017 to 2020, the growth of the market remained at a somewhat lower figure.

Nuts Production in Nigeria

In value terms, nuts production reached $X in 2020 estimated in export prices. Overall, the total production indicated notable 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 growth pace was the most rapid in 2016 with an increase of X% y-o-y. As a result, production reached the peak level of $X. from 2017 to 2020, production growth remained at a lower figure.

Nuts Exports

Exports from Nigeria

In 2020, approx. X tonnes of nuts (prepared or preserved) were exported from Nigeria; jumping by X% against the year before. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, nuts exports surged to $X in 2020. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Exports peaked at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

The U.S. (X tonnes) was the main destination for nuts exports from Nigeria, with a X% share of total exports. Moreover, nuts exports to the U.S. exceeded the volume sent to the second major destination, Germany (X tonnes), eightfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to the U.S. totaled +X%.

In value terms, the U.S. ($X) remains the key foreign market for nuts exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to the U.S. amounted to +X%.

Export Prices by Country

The average nuts export price stood at $X per tonne in 2020, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2016; however, from 2017 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to the U.S. amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S..

Nuts Imports

Imports into Nigeria

In 2020, the amount of nuts (prepared or preserved) imported into Nigeria rose sharply to X tonnes, surging by X% against 2019 figures. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure in 2020 and are likely to see steady growth in years to come.

In value terms, nuts imports rose slightly to $X in 2020. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked in 2020 and are likely to see gradual growth in the immediate term.

Imports by Country

South Africa (X tonnes), India (X tonnes) and Lebanon (X tonnes) were the main suppliers of nuts imports to Nigeria, together accounting for X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa, while imports for the other leaders experienced mixed trend patterns.

In value terms, South Africa ($X) constituted the largest supplier of nuts to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by Lebanon, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from South Africa totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Lebanon (+X% per year).

Import Prices by Country

The average nuts import price stood at $X per tonne in 2020, which is down by -X% against the previous year. Over the period under review, the import price saw a perceptible setback. The pace of growth appeared the most rapid in 2009 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. from 2010 to 2020, the growth in terms of the average import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nuts (prepared or preserved) in the world?
+
The countries with the highest volumes of nuts consumption in 2020 were China (1.2M tonnes), Turkey (653K tonnes) and the U.S. (527K tonnes), together accounting for 28% of global consumption. India, Japan, Russia, Indonesia, Italy, Brazil, Pakistan, France, Germany and Mexico lagged somewhat behind, together accounting for a further 29%.
What are the largest producers of nuts (prepared or preserved) in the world?
+
The countries with the highest volumes of nuts production in 2020 were China (1.3M tonnes), Turkey (787K tonnes) and the U.S. (566K tonnes), together accounting for 30% of global production. These countries were followed by India, Russia, Italy, Indonesia, Japan, Brazil, Pakistan, Spain, Mexico and France, which together accounted for a further 28%.
What are the leading suppliers of nuts (prepared or preserved) to Nigeria?
+
In value terms, South Africa ($1.8M) constituted the largest supplier of nuts to Nigeria, comprising 60% of total imports. The second position in the ranking was occupied by India ($774K), with a 26% share of total imports. It was followed by Lebanon, with a 8.6% share.
What are the leading importers of nuts (prepared or preserved) from Nigeria?
+
In value terms, the U.S. ($204K) remains the key foreign market for nuts exports from Nigeria, comprising 73% of total exports. The second position in the ranking was occupied by Germany ($52K), with a 19% share of total exports.
What is the average export price for nuts (prepared or preserved) in Nigeria?
+
The average nuts export price stood at $3,458 per tonne in 2020, growing by 24% against the previous year.
What is the average import price for nuts (prepared or preserved) in Nigeria?
+
In 2020, the average nuts import price amounted to $2,502 per tonne, declining by -3.7% against the previous year.

Product coverage:
• Prodcom 10392390 - Prepared or preserved nuts (other than groundnuts), and other seeds and mixtures (excluding by vinegar or acetic acid, f rozen, purees and pastes, preserved by sugar)

This report provides an in-depth analysis of the nuts 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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