Nigeria: Cream Fresh Market 2025

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

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