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Nigeria - Preserved Asparagus - Market Analysis, Forecast, Size, Trends And Insights
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Nigeria: Preserved Asparagus Market Overview 2021

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Preserved Asparagus Market Size in Nigeria

The Nigerien preserved asparagus market amounted to $X in 2020, approximately equating the previous year. The market 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 in certain years. The pace of growth was the most pronounced in 2019 when the market value increased by X% y-o-y. Preserved asparagus consumption peaked in 2020 and is expected to retain growth in years to come.

Preserved Asparagus Production in Nigeria

In value terms, preserved asparagus production amounted to $X in 2020 estimated in export prices. The total output 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 growth pace was the most rapid in 2019 with an increase of X% year-to-year. Preserved asparagus production peaked in 2020 and is expected to retain growth in the near future.

Preserved Asparagus Exports

Exports from Nigeria

In 2020, approx. X kg of preserved asparagus were exported from Nigeria; therefore, remained relatively stable against the previous year's figure. Overall, exports saw a relatively flat trend pattern. Over the period under review, exports hit record highs at X kg in 2015; afterwards, it flattened through to 2020.

In value terms, preserved asparagus exports totaled $X in 2020. Over the period under review, exports recorded a moderate increase. Exports peaked in 2020 and are expected to retain growth in the immediate term.

Exports by Country

South Africa (X kg) was the main destination for preserved asparagus exports from Nigeria, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to South Africa was relatively modest.

From 2007 to 2020, the average annual growth rate of value to South Africa was relatively modest.

Export Prices by Country

In 2020, the average preserved asparagus export price amounted to $X per tonne, remaining constant against the previous year. Over the period under review, the export price recorded a tangible expansion. The export price peaked in 2020 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for South Africa.

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

Preserved Asparagus Imports

Imports into Nigeria

For the third consecutive year, Nigeria recorded growth in supplies from abroad of preserved asparagus, which increased by X% to X tonnes in 2020. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes. from 2011 to 2020, the growth imports remained at a lower figure.

In value terms, preserved asparagus imports soared to $X in 2020. Overall, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tonnes) constituted the largest supplier of preserved asparagus to Nigeria, with a X% share of total imports. Moreover, preserved asparagus imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X tonnes), fourfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from China was relatively modest.

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

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

Import Prices by Country

The average preserved asparagus import price stood at $X per tonne in 2020, increasing by X% against the previous year. In general, the import price, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2015 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. from 2016 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 South Africa ($X per tonne), while the price for China totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Africa.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for preserved asparagus in the world?
+
The countries with the highest volumes of preserved asparagus consumption in 2020 were Spain (38K tonnes), China (28K tonnes) and Germany (18K tonnes), together accounting for 39% of global consumption. These countries were followed by France, India, the U.S., Japan, Brazil, Denmark, Russia, Indonesia and Bangladesh, which together accounted for a further 27%.
What are the largest producers of preserved asparagus in the world?
+
China (78K tonnes) remains the largest preserved asparagus producing country worldwide, accounting for 36% of total volume. Moreover, preserved asparagus production in China exceeded the figures recorded by the second-largest producer, Peru (36K tonnes), twofold. India (11K tonnes) ranked third in terms of total production with a 4.9% share.
What are the leading suppliers of preserved asparagus to Nigeria?
+
In value terms, China ($6K) constituted the largest supplier of preserved asparagus to Nigeria, comprising 69% of total imports. The second position in the ranking was occupied by South Africa ($2.5K), with a 29% share of total imports.
What is the average export price for preserved asparagus in Nigeria?
+
In 2020, the average preserved asparagus export price amounted to $2,252 per tonne, almost unchanged from the previous year.
What is the average import price for preserved asparagus in Nigeria?
+
In 2020, the average preserved asparagus import price amounted to $1,520 per tonne, increasing by 12% against the previous year.

Product coverage:
• Prodcom 10391760 - Preserved asparagus (excluding prepared vegetable dishes and asparagus dried, frozen or preserved by vinegar or acetic acid)

This report provides an in-depth analysis of the preserved asparagus 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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