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Nigeria - Potato Chips - Market Analysis, Forecast, Size, Trends And Insights
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Nigeria: Potato Chips Market Overview 2021

Potato Chips Market Size in Nigeria

In 2020, the Nigerien potato chips market decreased by -X% to $X for the first time since 2015, thus ending a four-year rising trend. In general, the total consumption indicated a mild increase 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. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. Potato chips consumption peaked at $X in 2019, and then contracted modestly in the following year.

Potato Chips Production in Nigeria

In value terms, potato chips production contracted to $X in 2020 estimated in export prices. Overall, the total production indicated a slight expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Potato chips production peaked at $X in 2019, and then contracted in the following year.

Potato Chips Exports

Exports from Nigeria

After three years of decline, overseas shipments of potato chips increased by X% to X tonnes in 2020. Over the period under review, exports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

In value terms, potato chips exports rose rapidly to $X in 2020. In general, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

Switzerland (X tonnes) was the main destination for potato chips exports from Nigeria, accounting for a X% share of total exports. Moreover, potato chips exports to Switzerland exceeded the volume sent to the second major destination, Cyprus (X kg), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Switzerland amounted to -X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value to Switzerland stood at -X%.

Export Prices by Country

The average potato chips export price stood at $X per tonne in 2020, waning by -X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per tonne in 2019, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Switzerland ($X per tonne), while the average price for exports to Cyprus totaled $X per tonne.

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

Potato Chips Imports

Imports into Nigeria

For the eighth year in a row, Nigeria recorded growth in overseas purchases of potato chips, which increased by X% to X tonnes in 2020. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to continue growth in the near future.

In value terms, potato chips imports expanded sharply to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the UK (X tonnes) was the main supplier of potato chips to Nigeria, with a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from the UK stood at +X%.

In value terms, the UK ($X) constituted the largest supplier of potato chips to Nigeria.

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

Import Prices by Country

In 2020, the average potato chips import price amounted to $X per tonne, growing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 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 2020, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2007 to 2020, the rate of growth in terms of prices for the UK amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potato chips in the world?
+
The countries with the highest volumes of potato chips consumption in 2020 were the U.S. (2.7M tonnes), China (2.3M tonnes) and India (940K tonnes), together accounting for 37% of global consumption. Japan, Germany, Brazil, Pakistan, Indonesia, Bangladesh, Mexico, Italy and Ethiopia lagged somewhat behind, together comprising a further 22%.
What are the largest producers of potato chips in the world?
+
The countries with the highest volumes of potato chips production in 2020 were the U.S. (2.7M tonnes), China (2.3M tonnes) and India (940K tonnes), with a combined 37% share of global production. Japan, Brazil, Pakistan, Germany, the Netherlands, Indonesia, Bangladesh, Mexico, Ethiopia and Italy lagged somewhat behind, together comprising a further 24%.
What are the leading suppliers of potato chips to Nigeria?
+
In value terms, the UK ($33M) constituted the largest supplier of potato chips to Nigeria.
What are the leading importers of potato chips from Nigeria?
+
In value terms, Switzerland ($7K) remains the key foreign market for potato chips exports from Nigeria, comprising 95% of total exports. The second position in the ranking was occupied by Cyprus ($223), with a 3% share of total exports.
What is the average export price for potato chips in Nigeria?
+
In 2020, the average potato chips export price amounted to $2,772 per tonne, dropping by -6.3% against the previous year.
What is the average import price for potato chips in Nigeria?
+
In 2020, the average potato chips import price amounted to $2,970 per tonne, surging by 5.3% against the previous year.

Product coverage:
• Prodcom 10311460 - Potatoes prepared or preserved, including crisps (excluding frozen, dried, by vinegar or acetic acid, in the form of flour, m eal or flakes)

This report provides an in-depth analysis of the potato chips 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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