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Nigeria - Sunflower Seed - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Sunflower Seed Market Overview 2020

Sunflower Seed Market Size in Nigeria

The revenue of the sunflower seed market in Nigeria amounted to $X in 2018, stabilizing at the previous year. Overall, sunflower seed consumption continues to indicate a sharp decrease. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Sunflower seed consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Sunflower Seed Production in Nigeria

In value terms, sunflower seed production totaled $X in 2018 estimated in export prices. In general, sunflower seed production continues to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, sunflower seed production reached its peak figure level in 2018 and is likely to continue its growth in the immediate term.

In 2018, the average yield of sunflower seed in Nigeria stood at X kg per ha, remaining relatively unchanged against the previous year. In general, the sunflower seed yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Sunflower seed harvested area in Nigeria totaled X ha in 2018, approximately equating the previous year. In general, the sunflower seed harvested area continues to indicate a relatively flat trend pattern.

Sunflower Seed Exports

Exports from Nigeria

In 2018, the amount of sunflower seed exported from Nigeria stood at X tonnes, surging by X% against the previous year. In general, sunflower seed exports continue to indicate extraordinary growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Exports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, sunflower seed exports stood at $X in 2018. In general, sunflower seed exports continue to indicate extraordinary growth. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. Exports peaked at $X in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

Jordan (X tonnes), the United Arab Emirates (X tonnes) and Switzerland (X tonnes) were the main destinations of sunflower seed exports from Nigeria, together comprising X% of total exports. These countries were followed by the UK, which accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the UK (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X), the United Arab Emirates ($X) and Switzerland ($X) constituted the largest markets for sunflower seed exported from Nigeria worldwide, with a combined X% share of total exports. These countries were followed by the UK, which accounted for a further X UK (+X% per year) recorded the highest growth rate of exports, among the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average sunflower seed export price amounted to $X per tonne, approximately equating the previous year. Over the period under review, the sunflower seed export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for sunflower seed reached their peak figure at $X per tonne in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per tonne), while the average price for exports to Switzerland ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced mixed trend patterns.

Sunflower Seed Imports

Imports into Nigeria

Sunflower seed imports into Nigeria amounted to X kg in 2018, falling by -X% against the previous year. In general, sunflower seed imports continue to indicate a moderate curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Imports peaked at X kg in 2015; however, from 2016 to 2018, imports remained at a lower figure.

In value terms, sunflower seed imports totaled $X in 2018. In general, sunflower seed imports continue to indicate a drastic shrinkage. The growth pace was the most rapid in 2015 when imports increased by X% year-to-year. Over the period under review, sunflower seed imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Taiwan, Chinese (X kg), South Africa (X kg) and France (X kg) were the main suppliers of sunflower seed imports to Nigeria, together comprising X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by France (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), France ($X) and Germany ($X) appeared to be the largest sunflower seed suppliers to Nigeria, together accounting for X% of total imports.

In terms of the main suppliers, France recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2018, the average sunflower seed import price amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the sunflower seed import price, however, continues to indicate a drastic descent. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average import prices for sunflower seed reached their peak figure at $X per tonne in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per tonne), while the price for Taiwan, Chinese ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Product coverage:
• FCL 267 - Sunflower seed

This report provides an in-depth analysis of the sunflower seed 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 2030.


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
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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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:
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, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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