Report Update Nov 1, 2024

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

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Nigeria: Cream Market 2021

Cream Market Size in Nigeria

In 2020, the Nigerien cream market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Cream consumption peaked at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Cream Production in Nigeria

In value terms, cream production totaled $X in 2020 estimated in export prices. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% year-to-year. Cream production peaked at $X in 2012; however, from 2013 to 2020, production remained at a lower figure.

Cream Exports

Exports from Nigeria

In 2020, approx. X kg of cream were exported from Nigeria; approximately mirroring the year before. In general, exports showed a abrupt decrease. Over the period under review, exports reached the peak figure at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, cream exports stood at $X in 2020. Over the period under review, exports continue to indicate a dramatic curtailment. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Niger (X kg) and South Africa (X kg) were the main destinations of cream exports from Nigeria.

From 2007 to 2009, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Niger.

In value terms, the largest markets for cream exported from Nigeria were Niger ($X) and South Africa ($X terms of the main countries of destination, Niger saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2009, the average cream export price amounted to $X per ton, leveling off at the previous year. In general, the export price saw a precipitous descent. The export price peaked at $X per ton in 2007; however, from 2008 to 2009, export prices failed to regain the momentum.

Average prices varied noticeably for the major overseas markets. In 2009, the country with the highest price was South Africa ($X per ton), while the average price for exports to Niger stood at $X per ton.

From 2007 to 2009, the most notable rate of growth in terms of prices was recorded for supplies to Niger.

Cream Imports

Imports into Nigeria

Cream imports into Nigeria surged to X tons in 2020, with an increase of X% on the year before. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, cream imports soared to $X in 2020. Overall, imports posted buoyant growth. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Imports peaked in 2020 and are likely to see steady growth in the near future.

Imports by Country

China (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of cream imports to Nigeria, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in Italy (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Germany ($X) constituted the largest cream suppliers to Nigeria, with a combined X% share of total imports.

Among the main suppliers, China (+X% per year) recorded 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

The average cream import price stood at $X per ton in 2020, approximately mirroring the previous year. Overall, the import price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for Antigua and Barbuda ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cream in the world?

The countries with the highest volumes of cream consumption in 2020 were China, the U.S. and Germany, together accounting for 34% of global consumption. These countries were followed by France, Norway, Indonesia, Pakistan, Bangladesh, South Korea, Ethiopia, the UK, Iran and Canada, which together accounted for a further 24%.

What are the largest producers of cream in the world?

The countries with the highest volumes of cream production in 2020 were China, the U.S. and Germany, together comprising 34% of global production. These countries were followed by Norway, Indonesia, Pakistan, Bangladesh, France, Ethiopia, South Korea, Iran, Canada and Democratic Republic of the Congo, which together accounted for a further 24%.

What are the leading suppliers of cream to Nigeria?

In value terms, China, Italy and Germany were the largest cream suppliers to Nigeria, together accounting for 92% of total imports.

What are the leading importers of cream from Nigeria?

In value terms, the largest markets for cream exported from Nigeria were Niger $429) and South Africa $382).

What is the average export price for cream in Nigeria?

The average cream export price stood at $1,130 per ton in 2009, remaining relatively unchanged against the previous year.

What is the average import price for cream in Nigeria?

The average cream import price stood at $1,727 per ton in 2020, almost unchanged from the previous year.

This report provides an in-depth analysis of the cream 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 2025.

Product coverage:

Prodcom 10511210 - Milk and cream of a fat content by weight of > 6 % but . .21 %, n ot concentrated nor containing added sugar or other sweetening matter, in immediate packings of . 2 l
Prodcom 10511220 - Milk and cream of a fat content by weight of > 6 % but . .21 %, n ot concentrated nor containing added sugar or other sweetening matter, in immediate packings of > 2 l
Prodcom 10511230 - Milk and cream of a fat content by weight of > .21 %, not concentrated nor containing added sugar or other sweetening matter, in immediate packings of . 2 l
Prodcom 10511240 - Milk and cream of a fat content by weight of > .21 %, not concentrated nor containing added sugar or other sweetening matter, in immediate packings of > 2 l

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