Report Update Nov 1, 2024

Nigeria - Dried Cod, Whether or not Salted - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Dried Cod, Whether Or Not Salted 2021

Market Size for Dried Cod, Whether Or Not Salted in Nigeria

In 2019, after two years of growth, there was significant decline in the Nigerien market for dried cod, whether or not salted, when its value decreased by -X% to $X. Over the period under review, consumption showed a drastic downturn. The growth pace was the most rapid in 2014 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Exports of Dried Cod, Whether Or Not Salted

Exports from Nigeria

In 2019, approx. X kg of dried cod, whether or not salted were exported from Nigeria; stabilizing at the previous year. Overall, exports recorded a relatively flat trend pattern. Exports peaked at X tons in 2012; however, from 2013 to 2019, exports remained at a lower figure.

In value terms, exports of dried cod, whether or not salted amounted to $X in 2019. In general, exports recorded a relatively flat trend pattern. Exports peaked at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

From 2007 to 2019, the average annual growth rate of volume to No country was relatively modest.

From 2007 to 2019, the average annual rate of growth in terms of value to No country was relatively modest.

Imports of Dried Cod, Whether Or Not Salted

Imports into Nigeria

After two years of growth, purchases abroad of dried cod, whether or not salted decreased by -X% to X tons in 2019. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2019, imports remained at a lower figure.

In value terms, imports of dried cod, whether or not salted fell sharply to $X in 2019. In general, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Russia (X tons) constituted the largest dried cod, whether or not salted supplier to Nigeria, accounting for a X% share of total imports. Moreover, imports of dried cod, whether or not salted from Russia exceeded the figures recorded by the second-largest supplier, Denmark (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Russia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and Hong Kong SAR (+X% per year).

In value terms, Russia ($X) constituted the largest supplier of dried cod, whether or not salted to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Russia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+X% per year) and Denmark (-X% per year).

Import Prices by Country

In 2019, the average import price for dried cod, whether or not salted amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, showed a pronounced downturn. The growth pace was the most rapid in 2009 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per ton. From 2010 to 2019, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the UK ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for dried cod, whether or not salted in the world?

The country with the largest volume of consumption of dried cod, whether or not salted was China, accounting for 21% of total volume. Moreover, consumption of dried cod, whether or not salted in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by Portugal, with a 4.3% share.

What are the largest producers of dried cod, whether or not salted in the world?

China remains the largest dried cod, whether or not salted producing country worldwide, comprising approx. 21% of total volume. Moreover, production of dried cod, whether or not salted in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by Norway, with a 6.6% share.

What are the leading suppliers of dried cod, whether or not salted to Nigeria?

In value terms, Russia constituted the largest supplier of dried cod, whether or not salted to Nigeria, comprising 52% of total imports. The second position in the ranking was occupied by Hong Kong SAR, with a 12% share of total imports. It was followed by Denmark, with a 10% share.

What is the average import price for dried cod, whether or not salted in Nigeria?

The average import price for dried cod, whether or not salted stood at $3,363 per ton in 2019, rising by 17% against the previous year.

This report provides an in-depth analysis of the market for dried cod, whether or not salted 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:

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