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Nigeria - Vegetables In Vinegar - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Vegetables In Vinegar Market Overview 2021

Vegetables In Vinegar Market Size in Nigeria

In 2020, the Nigerien vegetables in vinegar market was finally on the rise to reach $X for the first time since 2013, thus ending a six-year declining trend. Overall, consumption, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2014 to 2020, the growth of the market failed to regain the momentum.

Vegetables In Vinegar Exports

Exports from Nigeria

In 2020, after three years of growth, there was significant decline in overseas shipments of vegetables in vinegar, when their volume decreased by -X% to X tonnes. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2019, and then shrank dramatically in the following year.

In value terms, vegetables in vinegar exports soared to $X in 2020. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum in 2020 and are likely to see gradual growth in the near future.

Exports by Country

Niger (X tonnes) was the main destination for vegetables in vinegar exports from Nigeria, accounting for a X% share of total exports. Moreover, vegetables in vinegar exports to Niger exceeded the volume sent to the second major destination, South Africa (X tonnes), eightfold. The United Arab Emirates (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Niger amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, Niger ($X) remains the key foreign market for vegetables in vinegar exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by Ghana ($X), with a X% share of total exports. It was followed by Benin, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Niger amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+X% per year) and Benin (+X% per year).

Export Prices by Country

The average vegetables in vinegar export price stood at $X per tonne in 2020, jumping by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne. from 2018 to 2020, the growth in terms of the average export prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Ghana, while the prices for the other major destinations experienced more modest paces of growth.

Vegetables In Vinegar Imports

Imports into Nigeria

Vegetables in vinegar imports into Nigeria reduced to X tonnes in 2020, shrinking by -X% on 2019 figures. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes. from 2014 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, vegetables in vinegar imports surged to $X in 2020. Overall, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. As a result, imports attained the peak of $X. from 2014 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Lebanon (X tonnes) constituted the largest supplier of vegetables in vinegar to Nigeria, accounting for a X% share of total imports. Moreover, vegetables in vinegar imports from Lebanon exceeded the figures recorded by the second-largest supplier, India (X tonnes), fivefold. China (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Lebanon amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and China (-X% per year).

In value terms, India ($X), Lebanon ($X) and Italy ($X) constituted the largest vegetables in vinegar suppliers to Nigeria, with a combined X% share of total imports.

India recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vegetables in vinegar import price stood at $X per tonne in 2020, picking up by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per tonne), while the price for Lebanon ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vegetables in vinegar in the world?
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The countries with the highest volumes of vegetables in vinegar consumption in 2020 were China (308K tonnes), the U.S. (241K tonnes) and Viet Nam (219K tonnes), together accounting for 30% of global consumption. These countries were followed by India, Mexico, Thailand, the UK, Russia, Taiwan (Chinese), Iran, Canada, Germany and the Philippines, which together accounted for a further 40%.
What are the largest producers of vegetables in vinegar in the world?
+
The countries with the highest volumes of vegetables in vinegar production in 2020 were China (389K tonnes), India (387K tonnes) and Viet Nam (250K tonnes), together accounting for 43% of global production.
What are the leading suppliers of vegetables in vinegar to Nigeria?
+
In value terms, the largest vegetables in vinegar suppliers to Nigeria were India ($139K), Lebanon ($89K) and Italy ($40K), with a combined 74% share of total imports.
What are the leading importers of vegetables in vinegar from Nigeria?
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In value terms, Niger ($79K) remains the key foreign market for vegetables in vinegar exports from Nigeria, comprising 54% of total exports. The second position in the ranking was occupied by Ghana ($17K), with a 12% share of total exports. It was followed by Benin, with a 6.6% share.
What is the average export price for vegetables in vinegar in Nigeria?
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In 2020, the average vegetables in vinegar export price amounted to $3,000 per tonne, surging by 55% against the previous year.
What is the average import price for vegetables in vinegar in Nigeria?
+
The average vegetables in vinegar import price stood at $1,536 per tonne in 2020, jumping by 58% against the previous year.

Product coverage:
• FCL 471 - Vegetables in Vinegar

This report provides an in-depth analysis of the vegetables in vinegar 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
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 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:
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