Apr 11, 2019

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

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Nigeria: Dry Peas Market Overview 2019

Dry Peas Market Size in Nigeria

The revenue of the dry peas market in Nigeria amounted to $X in 2017, picking up 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). Overall, dry peas consumption continues to indicate a skyrocketing expansion. The pace of growth appeared the most rapid in 2016, with an increase of X% year-to-year. The dry peas consumption peaked in 2017, and is likely to see steady growth in the immediate term.

Dry Peas Exports

Exports from Nigeria

In 2017, dry peas exports from Nigeria amounted to X tonnes, dropping by -X% against the previous year. Overall, dry peas exports continue to indicate a temperate growth. The growth pace was the most rapid in 2015, when it surged by X% year-to-year. In that year, the dry peas exports attained their peak volume of X tonnes. From 2016 to 2017, growth of the dry peas exports failed to regain its momentum.

In value terms, dry peas exports amounted to $X in 2017. In general, dry peas exports continue to indicate a measured increase. In that year, the dry peas exports reached their peak level of $X. From 2016 to 2017, growth of the dry peas exports failed to regain its momentum.

Exports by Country

The U.S. (X tonnes) was the main destination of dry peas exports from Nigeria, accounting for X% share of total exports. Moreover, dry peas exports to the U.S. exceeded the volume sent to the second major destination, the UK (X tonnes), sixfold.

From 2007 to 2017, the average annual rate of growth in terms of volume to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and South Africa (+X% per year).

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

From 2007 to 2017, the average annual growth rate of value to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and South Africa (+X% per year).

Export Prices by Country

In 2017, the average dry peas export price amounted to $X per tonne, going down by -X% against the previous year. In general, dry peas export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, an increase of X% year-to-year. In that year, the average export prices for peas (dry) reached their peak level of $X per tonne. From 2015 to 2017, growth of the average export prices for peas (dry) stood at a somewhat lower level.

Export prices varied noticeably by the country of origin; the country with the highest export price was the UK ($X per tonne), while average price for exports to South Africa ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to the U.S. (+X% per year), the export prices for other major destinations experienced mixed trend patterns.

Dry Peas Imports

Imports into Nigeria

In 2017, the amount of peas (dry) imported into Nigeria stood at X tonnes, declining by -X% against the previous year. In general, dry peas imports continue to indicate a skyrocketing increase. The growth pace was the most rapid in 2016, when it surged by X% against the previous year. In that year, the dry peas imports reached their peak volume of X tonnes, and then declined slightly in the following year.

In value terms, dry peas imports stood at $X in 2017. In general, dry peas imports continue to indicate an outstanding increase. The imports peaked in 2017, and are expected to retain its growth in the near future.

Imports by Country

The UK (X tonnes), China (X tonnes) and Lebanon (X tonnes) were the main suppliers of dry peas imports to Nigeria, together accounting for X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by China (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), China ($X) and Lebanon ($X) appeared to be the largest dry peas suppliers to Nigeria, with a combined X% share of total imports.

Among the main suppliers, China (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the average dry peas import price amounted to $X per tonne, increasing by X% against the previous year. In general, dry peas import price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2013, when the average import price increased by X% against the previous year. In that year, the average import prices for peas (dry) reached their peak level of $X per tonne. From 2014 to 2017, growth of the average import prices for peas (dry) stood at a somewhat lower level.

Import prices varied noticeably by the country of origin; the country with the highest import price was Lebanon ($X per tonne), while price for Australia ($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 the UK (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

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 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
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 2007–2018
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:
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, 2007–2018
Figure 22:
Production, In Value Terms, 2007–2018
Figure 23:
Area Harvested, 2007–2018
Figure 24:
Yield, 2007–2018
Figure 25:
Imports, In Physical Terms, 2007–2018
Figure 26:
Imports, In Value Terms, 2007–2018
Figure 27:
Imports, In Physical Terms, By Country, 2018
Figure 28:
Imports, In Physical Terms, By Country, 2007–2018
Figure 29:
Imports, In Value Terms, By Country, 2007–2018
Figure 30:
Import Prices, By Country Of Origin, 2007–2018
Figure 31:
Exports, In Physical Terms, 2007–2018
Figure 32:
Exports, In Value Terms, 2007–2018
Figure 33:
Exports, In Physical Terms, By Country, 2018
Figure 34:
Exports, In Physical Terms, By Country, 2007–2018
Figure 35:
Exports, In Value Terms, By Country, 2007–2018
Figure 36:
Export Prices, By Country Of Destination, 2007–2018
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