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

Preserved Asparagus Market Size in Nigeria

The Nigerien preserved asparagus market was estimated at $X in 2019, picking up by X% against the previous year. Over the period under review, consumption recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.

Preserved Asparagus Production in Nigeria

In value terms, preserved asparagus production amounted to $X in 2019 estimated in export prices. Overall, production recorded a pronounced curtailment. The pace of growth was the most pronounced in 2012 when the production volume increased by X% against the previous year. Preserved asparagus production peaked at $X in 2008; however, from 2009 to 2019, production remained at a lower figure.

Preserved Asparagus Exports

Exports from Nigeria

For the thirteenth consecutive year, Nigeria recorded growth in overseas shipments of preserved asparagus, which increased by X% to X kg in 2019. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum in 2019 and are expected to retain growth in the immediate term.

In value terms, preserved asparagus exports totaled $X in 2019. The total export value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Exports peaked in 2019 and are expected to retain growth in the immediate term.

Exports by Country

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

From 2007 to 2019, the average annual rate of growth in terms of volume to the Netherlands stood at +X%.

In value terms, the Netherlands ($X) also remains the key foreign market for preserved asparagus exports from Nigeria.

From 2007 to 2019, the average annual rate of growth in terms of value to the Netherlands totaled +X%.

Export Prices by Country

The average preserved asparagus export price stood at $X per tonne in 2019, stabilizing at the previous year. In general, the export price recorded a abrupt descent. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices stood at a somewhat lower figure.

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

From 2007 to 2019, the rate of growth in terms of prices for the Netherlands amounted to -X% per year.

Preserved Asparagus Imports

Imports into Nigeria

In 2019, purchases abroad of preserved asparagus decreased by -X% to X kg, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a deep slump. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2010; however, from 2011 to 2019, imports remained at a lower figure.

In value terms, preserved asparagus imports fell remarkably to $X in 2019. Overall, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, China (X kg) 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, Germany (X kg), twofold. The third position in this ranking was occupied by South Africa (X kg), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and South Africa (-X% per year).

In value terms, the largest preserved asparagus suppliers to Nigeria were Germany ($X), China ($X) and South Africa ($X), with a combined X% share of total imports.

Germany saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2019, the average preserved asparagus import price amounted to $X per tonne, with an increase of X% against the previous year. Overall, the import price recorded temperate growth. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Germany ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by South Africa, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI 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 2019 were Spain (39K tonnes), China (24K tonnes) and Germany (15K tonnes), with a combined 38% share of global consumption. France, India, the U.S., Denmark, Russia, Japan, Brazil, Indonesia, Bangladesh and Mexico lagged somewhat behind, together accounting for a further 29%.
What are the largest producers of preserved asparagus in the world?
+
China (77K tonnes) constituted the country with the largest volume of preserved asparagus production, accounting for 37% of total volume. Moreover, preserved asparagus production in China exceeded the figures recorded by the second-largest producer, Peru (33K tonnes), twofold. Spain (9.5K tonnes) ranked third in terms of total production with a 4.5% share.
What are the leading suppliers of preserved asparagus to Nigeria?
+
In value terms, Germany ($566), China ($427) and South Africa ($135) appeared to be the largest preserved asparagus suppliers to Nigeria, together accounting for 90% of total imports.
What are the leading importers of preserved asparagus from Nigeria?
+
In value terms, the Netherlands ($11) remains the key foreign market for preserved asparagus exports from Nigeria.
What is the average export price for preserved asparagus in Nigeria?
+
The average preserved asparagus export price stood at $1,571 per tonne in 2019, approximately reflecting the previous year.
What is the average import price for preserved asparagus in Nigeria?
+
In 2019, the average preserved asparagus import price amounted to $2,591 per tonne, with an increase of 23% 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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