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Nigeria - Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Dry Peas Market Overview 2021

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Dry Peas Market Size in Nigeria

In 2020, the Nigerien dry peas market decreased by -X% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption saw a deep reduction. The most prominent rate of growth was recorded in 2015 when the market value increased by X% against the previous year. Dry peas consumption peaked at $X in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Dry Peas Exports

Exports from Nigeria

In 2020, overseas shipments of peas (dry) increased by X% to X tonnes, rising for the second year in a row after three years of decline. In general, exports recorded a buoyant increase. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, exports hit record highs in 2020 and are likely to continue growth in years to come.

In value terms, dry peas exports skyrocketed to $X in 2020. Over the period under review, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Over the period under review, exports attained the maximum in 2020 and are likely to continue growth in the immediate term.

Exports by Country

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

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

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

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

Export Prices by Country

The average dry peas export price stood at $X per tonne in 2020, jumping by X% against the previous year. Overall, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked in 2020 and is expected to retain growth in the immediate term.

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

Dry Peas Imports

Imports into Nigeria

In 2020, supplies from abroad of peas (dry) decreased by -X% to X tonnes, falling for the fourth year in a row after two years of growth. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Imports peaked at X tonnes in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

In value terms, dry peas imports contracted dramatically to $X in 2020. Overall, imports saw a perceptible contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tonnes) constituted the largest supplier of dry peas to Nigeria, accounting for a X% share of total imports. Moreover, dry peas imports from China exceeded the figures recorded by the second-largest supplier, Lebanon (X tonnes), twofold. The UK (X tonnes) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

In 2020, the average dry peas import price amounted to $X per tonne, declining by -X% against the previous year. In general, the import price, however, saw a remarkable increase. The pace of growth was the most pronounced in 2011 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2019, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per tonne), while the price for the U.S. ($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 peas (dry) in the world?
+
China (5.9M tonnes) constituted the country with the largest volume of dry peas consumption, accounting for 36% of total volume. Moreover, dry peas consumption in China exceeded the figures recorded by the second-largest consumer, Russia (2M tonnes), threefold. The third position in this ranking was occupied by India (922K tonnes), with a 5.6% share.
What are the largest producers of peas (dry) in the world?
+
The countries with the highest volumes of dry peas production in 2020 were Canada (4.4M tonnes), China (3M tonnes) and Russia (2.6M tonnes), with a combined 60% share of global production.
What are the leading suppliers of peas (dry) to Nigeria?
+
In value terms, China ($15K) constituted the largest supplier of dry peas to Nigeria, comprising 67% of total imports. The second position in the ranking was occupied by Lebanon ($5K), with a 23% share of total imports. It was followed by the UK, with a 7.9% share.
What are the leading importers of peas (dry) from Nigeria?
+
In value terms, the U.S. ($35K) remains the key foreign market for dry peas exports from Nigeria, comprising 97% of total exports. The second position in the ranking was occupied by South Africa ($897), with a 2.5% share of total exports.
What is the average export price for peas (dry) in Nigeria?
+
The average dry peas export price stood at $2,771 per tonne in 2020, growing by 81% against the previous year.
What is the average import price for peas (dry) in Nigeria?
+
In 2020, the average dry peas import price amounted to $1,191 per tonne, falling by -4.5% against the previous year.

Product coverage:
• FCL 187 - Peas, dry

This report provides an in-depth analysis of the dry peas 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 2007–2020
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:
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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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