Report Update Nov 1, 2024

Nigeria - Bakers’ Wares (No Added Sweetening) - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Fresh Bread and Miscellaneous Bakery 2024

Market Size for Fresh Bread and Miscellaneous Bakery in Nigeria

The Nigerien market for fresh bread and miscellaneous bakery stood at less than $X in 2021, remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern.

Exports of Fresh Bread and Miscellaneous Bakery

Exports from Nigeria

Fresh bread and miscellaneous bakery exports from Nigeria stood at less than X kg in 2021, almost unchanged from the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, fresh bread and miscellaneous bakery exports amounted to less than $X in 2021. In general, exports continue to indicate a relatively flat trend pattern.

Exports by Country

Niger (X tons), Benin (X tons) and Ghana (X tons) were the main destinations of fresh bread and miscellaneous bakery exports from Nigeria, together comprising 50% of total exports. Moreover, fresh bread and miscellaneous bakery exports in Niger exceeded the figures recorded by the second-largest exporter, Benin, threefold.

From 2012 to 2021, the biggest increases were recorded for Niger (with a CAGR of +7.5%), while shipments for the other leaders experienced a decline.

In value terms, Niger ($X), Benin ($X) and Ghana ($X) appeared to be the largest markets for fresh bread and miscellaneous bakery exported from Nigeria worldwide, together comprising 50% of total exports. Moreover, fresh bread and miscellaneous bakery exports in Niger exceeded the figures recorded by the second-largest exporter, Benin, sixfold.

Niger, with a CAGR of +20.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for fresh bread and miscellaneous bakery amounted to less than $X per ton, approximately mirroring the previous year. Overall, the export price showed a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+314.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Bread and Miscellaneous Bakery

Imports into Nigeria

In 2021, imports of fresh bread and miscellaneous bakery into Nigeria was estimated at less than X kg, therefore, remained relatively stable against 2020 figures. In general, imports recorded a relatively flat trend pattern.

In value terms, fresh bread and miscellaneous bakery imports amounted to less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

China (X tons), France (X tons) and the United Arab Emirates (X tons) were the main suppliers of fresh bread and miscellaneous bakery imports to Nigeria, with a combined 27% share of total imports. Moreover, fresh bread and miscellaneous bakery imports in China exceeded the figures recorded by the second-largest supplier, France, fourfold.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +25.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), China ($X) and the United Arab Emirates ($X) appeared to be the largest fresh bread and miscellaneous bakery suppliers to Nigeria, with a combined 27% share of total imports.

France, with a CAGR of +22.2%, saw 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 import price for fresh bread and miscellaneous bakery stood at less than $X per ton in 2021, remaining constant against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+8.3%), 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 fresh bread and miscellaneous bakery in the world?

China remains the largest fresh bread and miscellaneous bakery consuming country worldwide, comprising approx. 19% of total volume. Moreover, fresh bread and miscellaneous bakery consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., threefold. Pakistan ranked third in terms of total consumption with a 4.5% share.

What are the largest producers of fresh bread and miscellaneous bakery in the world?

The country with the largest volume of fresh bread and miscellaneous bakery production was China, comprising approx. 19% of total volume. Moreover, fresh bread and miscellaneous bakery production in China exceeded the figures recorded by the second-largest producer, the U.S., threefold. The third position in this ranking was occupied by Pakistan, with a 4.5% share.

What are the leading suppliers of fresh bread and miscellaneous bakery to Nigeria?

In value terms, China constituted the largest supplier of fresh bread and miscellaneous bakery to Nigeria, comprising 49% of total imports. The second position in the ranking was occupied by the UK, with a 18% share of total imports. It was followed by Belgium, with a 10% share.

What are the leading importers of fresh bread and miscellaneous bakery from Nigeria?

In value terms, Niger remains the key foreign market for fresh bread and miscellaneous bakery exports from Nigeria, comprising 59% of total exports. The second position in the ranking was occupied by Benin, with a 17% share of total exports.

What is the average export price for fresh bread and miscellaneous bakery in Nigeria?

In 2020, the average export price for fresh bread and miscellaneous bakery amounted to $851 per ton, declining by -57.5% against the previous year.

What is the average import price for fresh bread and miscellaneous bakery in Nigeria?

The average import price for fresh bread and miscellaneous bakery stood at $2,655 per ton in 2020, with an increase of 20% against the previous year.

This report provides an in-depth analysis of the market for fresh bread and miscellaneous bakery 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 10711100 - Fresh bread containing by weight in the dry matter state . 5 % of sugars and . 5 % of fat (excluding with added honey, e ggs, cheese or fruit)
Prodcom 10711200 - Cake and pastry products, other bakers
Prodcom 10721910 - Matzos
Prodcom 10721920 - Communion wafers, empty cachets of a kind suitable for pharmaceutical use, sealing wafers, rice paper and similar products
Prodcom 10721940 - Biscuits (excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa, sweet biscuits, waffles and wafers)
Prodcom 10721950 - Savoury or salted extruded or expanded products
Prodcom 10721990 - Bakersu2019 wares, no added sweetening (including crepes, pancakes, quiche, pizza; excluding sandwiches, crispbread, waffles, wafers, rusks, toasted, savoury or salted extruded/expanded products)

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