Report Update Nov 1, 2024

Nigeria - Animal or Vegetable Fertilisers - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Nigeria

The Nigerien animal or vegetable fertilisers market declined to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, posted a prominent expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Animal Or Vegetable Fertilisers in Nigeria

In value terms, animal or vegetable fertilisers production fell modestly to $X in 2022 estimated in export price. Overall, production, however, showed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Animal or vegetable fertilisers production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Animal Or Vegetable Fertilisers

Exports from Nigeria

In 2018, the amount of animal or vegetable fertilisers exported from Nigeria amounted to X tons, almost unchanged from the previous year. In general, exports recorded a precipitous curtailment. The smallest decline of X% was in 2013. The exports peaked at X tons in 2012; however, from 2013 to 2018, the exports stood at a somewhat lower figure.

In value terms, animal or vegetable fertilisers exports totaled $X in 2018. Over the period under review, exports recorded a precipitous descent. The smallest decline of X% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2018, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for animal or vegetable fertilisers exports from Nigeria, with a X% share of total exports. Moreover, animal or vegetable fertilisers exports to Italy exceeded the volume sent to the second major destination, Cameroon (X kg), more than tenfold.

From 2012 to 2018, the average annual growth rate of volume to Italy amounted to X%.

From 2012 to 2018, the average annual rate of growth in terms of value to Italy totaled X%.

Export Prices by Country

In 2018, the average animal or vegetable fertilisers export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price recorded resilient growth. The growth pace was the most rapid in 2013 a decrease of X%. The export price peaked in 2018 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cameroon ($X per ton), while the average price for exports to Italy totaled $X per ton.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%).

Imports of Animal Or Vegetable Fertilisers

Imports into Nigeria

In 2022, the amount of animal or vegetable fertilisers imported into Nigeria skyrocketed to X tons, growing by X% on the year before. Over the period under review, imports, however, showed a sharp descent. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, animal or vegetable fertilisers imports reduced modestly to $X in 2022. In general, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Italy (X tons) and Malaysia (X tons) were the main suppliers of animal or vegetable fertilisers imports to Nigeria, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) constituted the largest supplier of animal or vegetable fertilisers to Nigeria, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

Import Prices by Country

The average animal or vegetable fertilisers import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price, however, recorded strong growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), 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 animal or vegetable fertilisers in the world?

The countries with the highest volumes of animal or vegetable fertilisers consumption in 2020 were China, the United States and India, with a combined 33% share of global consumption. France, Japan, Russia, Pakistan, Brazil, Nigeria, Indonesia, Poland, Mexico and Germany lagged somewhat behind, together accounting for a further 32%.

What are the largest producers of animal or vegetable fertilisers in the world?

The countries with the highest volumes of animal or vegetable fertilisers production in 2020 were China, the United States and India, with a combined 33% share of global production. These countries were followed by Japan, France, Belgium, Russia, Pakistan, Brazil, Nigeria, Indonesia, Mexico and Poland, which together accounted for a further 32%.

What are the leading suppliers of animal or vegetable fertilisers to Nigeria?

In value terms, China constituted the largest supplier of animal or vegetable fertilisers to Nigeria, comprising 95% of total imports. The second position in the ranking was occupied by Belgium, with a 0.9% share of total imports.

What is the average export price for animal or vegetable fertilisers in Nigeria?

The average animal or vegetable fertilisers export price stood at $290 per ton in 2020, with a decrease of -45.3% against the previous year.

What is the average import price for animal or vegetable fertilisers in Nigeria?

In 2020, the average animal or vegetable fertilisers import price amounted to $2,513 per ton, rising by 75% against the previous year.

This report provides an in-depth analysis of the market for animal or vegetable fertilisers 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.

Product coverage:

Prodcom 20158000 - Animal or vegetable fertilisers

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023