Latest Report Update: May 17, 2021

Nigeria - Wheat Or Meslin Flour - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Nigeria: Wheat Flour Market Overview 2021

Wheat Flour Market Size in Nigeria

In 2020, the Nigerien wheat flour market increased by X% to $X, rising for the third year in a row after three years of decline. In general, consumption showed a resilient expansion. The growth pace was the most rapid in 2012 when the market value increased by X% against the previous year. Wheat flour consumption peaked in 2020 and is likely to see steady growth in the near future.

Wheat Flour Production in Nigeria

In value terms, wheat flour production expanded significantly to $X in 2020 estimated in export prices. Overall, production posted a strong increase. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Wheat flour production peaked in 2020 and is likely to continue growth in the near future.

Wheat Flour Exports

Exports from Nigeria

In 2020, after two years of decline, there was significant growth in overseas shipments of wheat or meslin flour, when their volume increased by X% to X tonnes. Over the period under review, exports, however, saw a precipitous shrinkage. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, wheat flour exports skyrocketed to $X in 2020. In general, exports, however, faced a dramatic setback. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Exports peaked at $X in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Canada (X tonnes) was the main destination for wheat flour exports from Nigeria, with a X% share of total exports. Moreover, wheat flour exports to Canada exceeded the volume sent to the second major destination, the U.S. (X tonnes), threefold. The UK (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Canada totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and the UK (+X% per year).

In value terms, the largest markets for wheat flour exported from Nigeria were Canada ($X), the U.S. ($X) and the UK ($X), together accounting for X% of total exports. Macedonia, Ireland, Belgium and India lagged somewhat behind, together accounting for a further X (+X% per year) recorded 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

In 2020, the average wheat flour export price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, export price indicated resilient growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wheat flour export price increased by +X% against 2017 indices. The growth pace was the most rapid in 2012 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Macedonia ($X per tonne), while the average price for exports to the UK ($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 India (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Wheat Flour Imports

Imports into Nigeria

In 2020, overseas purchases of wheat or meslin flour increased by X% to X tonnes, rising for the second consecutive year after three years of decline. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, wheat flour imports skyrocketed to $X in 2020. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Imports peaked in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, India (X tonnes) was the main supplier of wheat flour to Nigeria, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from India amounted to +X%.

In value terms, India ($X) constituted the largest supplier of wheat flour to Nigeria.

From 2007 to 2020, the average annual rate of growth in terms of value from India stood at +X%.

Import Prices by Country

The average wheat flour import price stood at $X per tonne in 2020, with an increase of X% against the previous year. In general, the import price, however, showed a mild slump. The growth pace was the most rapid in 2013 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2007 to 2020, the rate of growth in terms of prices for India amounted to +X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wheat or meslin flour in the world?
+
China (75M tonnes) constituted the country with the largest volume of wheat flour consumption, accounting for 19% of total volume. Moreover, wheat flour consumption in China exceeded the figures recorded by the second-largest consumer, India (23M tonnes), threefold. Indonesia (17M tonnes) ranked third in terms of total consumption with a 4.4% share.
What are the largest producers of wheat or meslin flour in the world?
+
The country with the largest volume of wheat flour production was China (75M tonnes), comprising approx. 19% of total volume. Moreover, wheat flour production in China exceeded the figures recorded by the second-largest producer, India (23M tonnes), threefold. Indonesia (17M tonnes) ranked third in terms of total production with a 4.4% share.
What are the leading suppliers of wheat or meslin flour to Nigeria?
+
In value terms, India ($629K) constituted the largest supplier of wheat flour to Nigeria.
What are the leading importers of wheat or meslin flour from Nigeria?
+
In value terms, Canada ($4.1K), the U.S. ($4.1K) and the UK ($1.2K) were the largest markets for wheat flour exported from Nigeria worldwide, together accounting for 60% of total exports. Macedonia, Ireland, Belgium and India lagged somewhat behind, together accounting for a further 15%.
What is the average export price for wheat or meslin flour in Nigeria?
+
The average wheat flour export price stood at $672 per tonne in 2020, growing by 19% against the previous year.
What is the average import price for wheat or meslin flour in Nigeria?
+
In 2020, the average wheat flour import price amounted to $528 per tonne, picking up by 1.7% against the previous year.

Product coverage:
• Prodcom 10612100 - Wheat or meslin flour

This report provides an in-depth analysis of the wheat flour 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 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 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:
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

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