Report Update Nov 1, 2024

Nigeria - Cream Fresh - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Cream Fresh Market 2024

Cream Fresh Market Size in Nigeria

After two years of decline, the Nigerien cream fresh market increased by 1,305% to $X in 2022. Over the period under review, consumption, however, recorded a pronounced decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Cream Fresh Exports

Exports from Nigeria

In 2022, approx. X tons of cream fresh were exported from Nigeria; picking up by 155% on the previous year. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cream fresh exports soared to $X in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 467%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Benin (X tons) was the main destination for cream fresh exports from Nigeria, with a 96% share of total exports. Moreover, cream fresh exports to Benin exceeded the volume sent to the second major destination, Niger (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Benin totaled +456.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (-12.3% per year) and South Africa (-37.1% per year).

In value terms, Benin ($X) emerged as the key foreign market for cream fresh exports from Nigeria, comprising 88% of total exports. The second position in the ranking was taken by Niger ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Benin stood at +486.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+23.8% per year) and South Africa (-16.9% per year).

Export Prices by Country

In 2022, the average cream fresh export price amounted to $X per ton, with an increase of 5.2% against the previous year. Overall, the export price, however, saw a pronounced descent. The growth pace was the most rapid in 2015 an increase of 127% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+41.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cream Fresh Imports

Imports into Nigeria

In 2022, purchases abroad of cream fresh was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, saw a noticeable descent. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, cream fresh imports surged to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X tons), France (X tons) and Spain (X tons) were the main suppliers of cream fresh imports to Nigeria, with a combined 46% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +482.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cream fresh suppliers to Nigeria were Denmark ($X), France ($X) and the Netherlands ($X), with a combined 47% share of total imports. Spain, South Africa, China and Germany lagged somewhat behind, together comprising a further 3%.

In terms of the main suppliers, Spain, with a CAGR of +553.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cream fresh import price amounted to $X per ton, declining by -40.4% against the previous year. Over the period under review, the import price, however, continues to indicate a measured expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 50% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+43.1%), 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 cream fresh in the world?

The countries with the highest volumes of cream fresh consumption in 2021 were Germany, Russia and France, together accounting for 34% of global consumption. These countries were followed by Canada, Poland, Belgium, China, Italy, Sweden, Romania, Spain, Hungary and the Netherlands, which together accounted for a further 41%.

What are the largest producers of cream fresh in the world?

The countries with the highest volumes of cream fresh production in 2021 were Germany, Russia and France, with a combined 34% share of global production. Poland, Belgium, Canada, Spain, New Zealand, Italy, Sweden, the Netherlands, Saudi Arabia and Austria lagged somewhat behind, together accounting for a further 41%.

What are the leading suppliers of cream fresh to Nigeria?

In value terms, France, Denmark and Germany were the largest cream fresh suppliers to Nigeria, together comprising 89% of total imports.

What are the leading importers of cream fresh from Nigeria?

In value terms, Ghana remains the key foreign market for cream fresh exports from Nigeria.

What is the average export price for cream fresh in Nigeria?

The average cream fresh export price stood at $1,285 per ton in 2021, increasing by 59% against the previous year.

What is the average import price for cream fresh in Nigeria?

The average cream fresh import price stood at $3,204 per ton in 2021, with a decrease of -5.8% against the previous year.

This report provides an in-depth analysis of the cream fresh 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 885 - Cream, Fresh

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, PRODUCING ANIMALS 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. Producing Animals Slaughtered, 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