Report Update Nov 1, 2024

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

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Nigeria: Crispbread Market 2024

Crispbread Market Size in Nigeria

The Nigerien crispbread market fell to $X in 2021, waning by -10.1% against the previous year. Overall, consumption, however, showed a prominent expansion. Crispbread consumption peaked at $X in 2020, and then dropped in the following year.

Crispbread Production in Nigeria

In value terms, crispbread production dropped to $X in 2021 estimated in export price. Overall, production, however, posted a prominent expansion. The growth pace was the most rapid in 2017 when the production volume increased by 98% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then fell in the following year.

Crispbread Exports

Exports from Nigeria

Crispbread exports from Nigeria totaled X tons in 2021, remaining relatively unchanged against the previous year. Overall, exports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 138% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, crispbread exports declined to $X in 2021. Over the period under review, exports recorded a dramatic setback. The growth pace was the most rapid in 2016 with an increase of 176% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X kg), Ghana (X kg) and Sierra Leone (X kg) were the main destinations of crispbread exports from Nigeria, with a combined 98% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Sierra Leone (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Ghana ($X) remains the key foreign market for crispbread exports from Nigeria, comprising 50% of total exports. The second position in the ranking was held by Sierra Leone ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Ghana stood at -31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sierra Leone (0.0% per year) and Niger (+28.8% per year).

Export Prices by Country

The average crispbread export price stood at $X per ton in 2021, which is down by -6.9% against the previous year. Overall, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crispbread export price increased by +10.6% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of 95%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Sierra Leone ($X per ton), while the average price for exports to Niger ($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 Niger (+31.2%).

Crispbread Imports

Imports into Nigeria

In 2021, approx. X tons of crispbread were imported into Nigeria; with an increase of 1,283% compared with the previous year's figure. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, crispbread imports surged to $X in 2021. Overall, imports showed significant growth. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Malaysia (X tons) and Indonesia (X tons) were the main suppliers of crispbread imports to Nigeria, with a combined 70% share of total imports. The UK, Lebanon, Thailand, Italy, the United Arab Emirates, the United States and South Africa lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +80.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of crispbread to Nigeria, comprising 33% of total imports. The second position in the ranking was held by Lebanon ($X), with a 15% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia amounted to +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (+45.9% per year) and China (+27.5% per year).

Import Prices by Country

In 2021, the average crispbread import price amounted to $X per ton, increasing by 13% against the previous year. In general, the import price, however, saw a abrupt contraction. The growth pace was the most rapid in 2015 an increase of 29% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Africa ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritius (+46.4%), 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 crispbread in the world?

The countries with the highest volumes of crispbread consumption in 2020 were China, the U.S. and India, with a combined 29% share of global consumption. Sweden, Japan, Russia, Indonesia, Germany, Brazil, Pakistan, Bangladesh, the UK and France lagged somewhat behind, together comprising a further 25%.

What are the largest producers of crispbread in the world?

The countries with the highest volumes of crispbread production in 2020 were China, the U.S. and Sweden, with a combined 28% share of global production. These countries were followed by India, Germany, Thailand, Japan, Russia, Indonesia, Brazil, Pakistan, Bangladesh and Mexico, which together accounted for a further 33%.

What are the leading suppliers of crispbread to Nigeria?

In value terms, the largest crispbread suppliers to Nigeria were Brazil, Malaysia and Lebanon, with a combined 82% share of total imports.

What are the leading importers of crispbread from Nigeria?

In value terms, the largest markets for crispbread exported from Nigeria were Niger, Burkina Faso and Democratic Republic of the Congo $637), together comprising 98% of total exports.

What is the average export price for crispbread in Nigeria?

In 2020, the average crispbread export price amounted to $5,074 per ton, with an increase of 3.2% against the previous year.

What is the average import price for crispbread in Nigeria?

The average crispbread import price stood at $871 per ton in 2020, declining by -47.4% against the previous year.

This report provides an in-depth analysis of the crispbread 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:

Prodcom 10721130 - Crispbread

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