Report Update Nov 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Nigeria: Asparagus Market 2024

Asparagus Market Size in Nigeria

The Nigerien asparagus market shrank dramatically to $X in 2022, falling by -36.9% against the previous year. Overall, consumption faced a dramatic decline. Asparagus consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Asparagus Production in Nigeria

In value terms, asparagus production reached $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 3.4% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

In 2022, the average asparagus yield in Nigeria was estimated at less than X kg per ha, almost unchanged from the year before. Over the period under review, the yield saw 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 2022, approx. less than X ha of asparagus were harvested in Nigeria; flattening at the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern.

Asparagus Exports

Exports from Nigeria

In 2022, shipments abroad of asparagus decreased by -4.1% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 2,704% against the previous year. The exports peaked at X tons in 2021, and then contracted slightly in the following year.

In value terms, asparagus exports fell modestly to $X in 2022. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2017 with an increase of 2,748% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted modestly in the following year.

Exports by Country

South Africa (X tons) was the main destination for asparagus exports from Nigeria, accounting for a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to South Africa stood at +29.8%.

In value terms, South Africa ($X) also remains the key foreign market for asparagus exports from Nigeria.

From 2012 to 2022, the average annual rate of growth in terms of value to South Africa amounted to +26.6%.

Export Prices by Country

The average asparagus export price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the export price, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2015 when the average export price increased by 1.6%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -2.5% per year.

Asparagus Imports

Imports into Nigeria

In 2022, approx. X tons of asparagus were imported into Nigeria; which is down by -47.8% on the year before. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 2,186% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, asparagus imports reduced rapidly to $X in 2022. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 1,254% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest asparagus supplier to Nigeria, accounting for a approx. 50% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to -6.9%.

In value terms, the Netherlands ($X) constituted the largest supplier of asparagus to Nigeria.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled -13.2%.

Import Prices by Country

In 2022, the average asparagus import price amounted to $X per ton, increasing by 2.9% against the previous year. Over the period under review, the import price, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 an increase of 38%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to -2.5% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for asparagus in the world?

China constituted the country with the largest volume of asparagus consumption, accounting for 87% of total volume. Moreover, asparagus consumption in China exceeded the figures recorded by the second-largest consumer, the United States, more than tenfold. The third position in this ranking was occupied by Peru, with a 2.7% share.

What are the largest producers of asparagus in the world?

China remains the largest asparagus producing country worldwide, accounting for 87% of total volume. Moreover, asparagus production in China exceeded the figures recorded by the second-largest producer, Peru, more than tenfold.

What are the leading suppliers of asparagus to Nigeria?

In value terms, the Netherlands constituted the largest supplier of asparagus to Nigeria, comprising 93% of total imports. The second position in the ranking was occupied by South Africa $448), with a 2.9% share of total imports.

What are the leading importers of asparagus from Nigeria?

In value terms, South Africa remains the key foreign market for asparagus exports from Nigeria.

What is the average export price for asparagus in Nigeria?

The average asparagus export price stood at $4,844 per ton in 2021, approximately mirroring the previous year.

What is the average import price for asparagus in Nigeria?

The average asparagus import price stood at $5,812 per ton in 2021, increasing by 53% against the previous year.

This report provides an in-depth analysis of the asparagus 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.

Product coverage:

FCL 367 - Asparagus

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, HARVESTED AREA AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023