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Nigeria - Tea - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Tea Market Overview 2019

Tea Market Size in Nigeria

The revenue of the tea market in Nigeria amounted to $X in 2017, going down by -X% against the previous year. In general, tea consumption continues to indicate a deep decline. The most prominent rate of growth was recorded in 2012, when it surged by X% against the previous year. Nigeria tea consumption peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Tea Production in Nigeria

In 2017, the amount of tea produced in Nigeria stood at X kg, stabilizing at the previous year. In general, tea production continues to indicate a relatively flat trend pattern. Tea output in Nigeria indicated a relatively flat trend pattern, which was largely conditioned by a relatively flat trend pattern of the harvested area and a relatively flat trend pattern in yield figures.

Average yield of tea in Nigeria stood at X kg per ha in 2017, therefore, remained relatively stable against the previous year. Overall, tea 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.

In 2017, harvested area of tea in Nigeria totaled X ha, stabilizing at the previous year. In general, tea harvested area continues to indicate a relatively flat trend pattern.

Tea Exports from Nigeria

Tea exports from Nigeria totaled X tonnes in 2017, going up by X% against the previous year. Overall, tea exports continue to indicate a strong growth. The pace of growth appeared the most rapid in 2017, when it surged by X% year-to-year. In that year, the tea exports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, tea exports totaled $X in 2017. Overall, the total exports indicated a remarkable growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. In that year, the tea exports attained their peak level, and are likely to continue its growth in the immediate term.

Tea Exports by Country from Nigeria

Kenya was the key exporter of tea in the world, with the volume of exports accounting for X tonnes, which was approx. X% of total exports in 2017. China (X tonnes) ranks second in terms of the global exports with a X% share, followed by Sri Lanka (X%) and India (X%). Viet Nam (X tonnes), the United Arab Emirates (X tonnes), Argentina (X tonnes), Uganda (X tonnes), Malawi (X tonnes) and Indonesia (X tonnes) followed a long way behind the leaders.

Kenya was also the fastest growing in terms of the tea exports, with a CAGR of +X% from 2007 to 2017. At the same time, the United Arab Emirates (+X%), Uganda (+X%), India (+X%) and China (+X%) displayed positive paces of growth. Sri Lanka, Argentina and Viet Nam experienced a relatively flat trend pattern. By contrast, Malawi (-X%) and Indonesia (-X%) illustrated a downward trend over the same period. While the share of China (-X%), India (-X%) and Kenya (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Sri Lanka ($X) and Kenya ($X) constituted the countries with the highest levels of exports in 2017, with a combined X% share of total exports. These countries were followed by India, the United Arab Emirates, Viet Nam, Indonesia, Argentina, Malawi, Uganda and Nigeria, which together accounted for a further X%.

Among the main exporting countries , the United Arab Emirates (+X% per year) recorded the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Tea Export Prices by Country in Nigeria

The tea export price in Nigeria stood at $X per tonne in 2017, growing by X% against the previous year. In general, tea export price continues to indicate a drastic deduction. The growth pace was the most rapid in 2017, an increase of X% year-to-year. Nigeria export price peaked of $X per tonne in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Sri Lanka ($X per tonne), while Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year), while the other leaders experienced more modest paces of growth.

Tea Imports into Nigeria

Tea imports into Nigeria amounted to X tonnes in 2017, increasing by X% against the previous year. In general, tea imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when it surged by X% y-o-y. Nigeria imports peaked of X tonnes in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, tea imports amounted to $X in 2017. Overall, tea imports continue to indicate a relatively flat trend pattern. Nigeria imports peaked in 2017, and are expected to retain its growth in the immediate term.

Tea Imports by Country into Nigeria

The imports of the twelve major importers of tea, namely Pakistan, Russia, the UK, the U.S., the United Arab Emirates, Iran, Kenya, Germany, Morocco, Turkey, Poland and Saudi Arabia, represented more than half of total import.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Pakistan (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), Russia ($X) and the U.S. ($X) constituted the countries with the highest levels of imports in 2017, together comprising X% of total imports.

In terms of the main importing countries , Pakistan (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Tea Import Prices by Country in Nigeria

In 2017, the tea import price in Nigeria amounted to $X per tonne, lowering by -X% against the previous year. Overall, tea import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when the import prices increased by X% year-to-year. In that year, the import prices for tea attained their peak level of $X per tonne. From 2011 to 2017, growth of the import prices for tea stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Saudi Arabia ($X per tonne), while Kenya ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Pakistan (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 667 - Tea

This report provides an in-depth analysis of the tea 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 2025
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 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
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 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
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, 2007–2018
Figure 22:
Production, In Value Terms, 2007–2018
Figure 23:
Area Harvested, 2007–2018
Figure 24:
Yield, 2007–2018
Figure 25:
Imports, In Physical Terms, 2007–2018
Figure 26:
Imports, In Value Terms, 2007–2018
Figure 27:
Imports, In Physical Terms, By Country, 2018
Figure 28:
Imports, In Physical Terms, By Country, 2007–2018
Figure 29:
Imports, In Value Terms, By Country, 2007–2018
Figure 30:
Import Prices, By Country Of Origin, 2007–2018
Figure 31:
Exports, In Physical Terms, 2007–2018
Figure 32:
Exports, In Value Terms, 2007–2018
Figure 33:
Exports, In Physical Terms, By Country, 2018
Figure 34:
Exports, In Physical Terms, By Country, 2007–2018
Figure 35:
Exports, In Value Terms, By Country, 2007–2018
Figure 36:
Export Prices, By Country Of Destination, 2007–2018
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