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Nigeria - Rye - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Rye Market Overview 2021

Rye Market Size in Nigeria

The Nigerien rye market was estimated at $X in 2019, approximately equating 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). In general, consumption saw a relatively flat trend pattern. Rye consumption peaked at $X in 2016; afterwards, it flattened through to 2019.

Rye Exports

Exports from Nigeria

In 2020, the amount of rye exported from Nigeria amounted to X kg, approximately mirroring 2019. In general, exports saw a relatively flat trend pattern. Exports peaked at X tonnes in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, rye exports stood at $X in 2020. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, exports reached the peak figure at $X in 2016; however, from 2017 to 2020, exports remained at a lower figure.

Exports by Country

Benin (X tonnes) was the main destination for rye exports from Nigeria, with a approx. X% share of total exports.

From 2007 to 2016, the average annual rate of growth in terms of volume to Benin was relatively modest.

From 2007 to 2016, the average annual rate of growth in terms of value to Benin was relatively modest.

Export Prices by Country

The average rye export price stood at $X per tonne in 2016, leveling off at the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The export price peaked in 2016 and is expected to retain growth in the immediate term.

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

From 2007 to 2016, the rate of growth in terms of prices for Benin amounted to X% per year.

Rye Imports

Imports into Nigeria

In 2020, after two years of decline, there was decline in supplies from abroad of rye, when their volume decreased by X% to X kg. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, rye imports stood at $X in 2020. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

In 2017, India (X tonnes) constituted the largest supplier of rye to Nigeria, with a X% share of total imports. Moreover, rye imports from India exceeded the figures recorded by the second-largest supplier, Denmark (X tonnes), ninefold.

From 2007 to 2017, the average annual rate of growth in terms of volume from India was relatively modest.

In value terms, India ($X) constituted the largest supplier of rye to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total imports.

From 2007 to 2017, the average annual growth rate of value from India was relatively modest.

Import Prices by Country

In 2017, the average rye import price amounted to $X per tonne, almost unchanged from the previous year. Over the period under review, the import price, however, recorded a noticeable downturn. The import price peaked at $X per tonne in 2015; however, from 2016 to 2017, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2017, the country with the highest price was Denmark ($X per tonne), while the price for India totaled $X per tonne.

From 2007 to 2017, the most notable rate of growth in terms of prices was attained by Denmark.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rye in the world?
+
The country with the largest volume of rye consumption was Germany (3.9M tonnes), comprising approx. 32% of total volume. Moreover, rye consumption in Germany exceeded the figures recorded by the second-largest consumer, Russia (1.4M tonnes), threefold. The third position in this ranking was occupied by Poland (1.1M tonnes), with a 8.7% share.
What are the largest producers of rye in the world?
+
The countries with the highest volumes of rye production in 2020 were Germany (3.3M tonnes), Poland (2.4M tonnes) and Russia (1.3M tonnes), with a combined 55% share of global production. Denmark, Belarus, China, Canada, Ukraine, Turkey, the U.S., Spain, Sweden and Latvia lagged somewhat behind, together comprising a further 33%.
What are the leading suppliers of rye to Nigeria?
+
In value terms, India ($17K) constituted the largest supplier of rye to Nigeria, comprising 89% of total imports. The second position in the ranking was occupied by Denmark ($1.9K), with a 10% share of total imports.
What is the average export price for rye in Nigeria?
+
The average rye export price stood at $169 per tonne in 2016, approximately equating the previous year.
What is the average import price for rye in Nigeria?
+
The average rye import price stood at $882 per tonne in 2017, stabilizing at the previous year.

Product coverage:
• FCL 71 - Rye

This report provides an in-depth analysis of the rye 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

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 2030
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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