Nigeria: Market for Smoked Fish Other than Salmon and Herring 2024

Market Size for Smoked Fish Other than Salmon and Herring in Nigeria

The Nigerien market for smoked fish other than salmon and herring fell slightly to $X in 2022, shrinking by X% against the previous year. In general, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Smoked Fish Other than Salmon and Herring in Nigeria

In value terms, production of smoked fish other than salmon and herring declined slightly to $X in 2022 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Exports of Smoked Fish Other than Salmon and Herring

Exports from Nigeria

In 2022, after three years of growth, there was significant decline in overseas shipments of smoked fish other than salmon and herring, when their volume decreased by X% to X tons. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2021, and then shrank significantly in the following year.

In value terms, exports of smoked fish other than salmon and herring fell notably to $X in 2022. Overall, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports of reached the peak figure at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Canada (X tons), Niger (X tons) and the United States (X tons) were the main destinations of exports of smoked fish other than salmon and herring from Nigeria, with a combined X% share of total exports. New Zealand, Switzerland, the United Arab Emirates and Zambia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Canada ($X) and Switzerland ($X) were the largest markets for smoked fish other than salmon and herring exported from Nigeria worldwide, with a combined X% share of total exports.

Switzerland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for smoked fish other than salmon and herring stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Smoked Fish Other than Salmon and Herring

Imports into Nigeria

In 2022, imports of smoked fish other than salmon and herring into Nigeria soared to X tons, growing by X% against 2021 figures. In general, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports of hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of smoked fish other than salmon and herring skyrocketed to $X in 2022. Over the period under review, imports recorded a notable expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports of attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Niger (X tons) was the main supplier of smoked fish other than salmon and herring to Nigeria, accounting for a X% share of total imports. It was followed by China (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Niger totaled X%.

In value terms, Niger ($X) constituted the largest supplier of smoked fish other than salmon and herring to Nigeria, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Niger stood at X%.

Import Prices by Country

The average import price for smoked fish other than salmon and herring stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Niger amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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