Nigeria: Dried Vegetables Market 2024

Dried Vegetables Market Size in Nigeria

The Nigerien dried vegetables market reduced to $X in 2022, falling by X% against the previous year. In general, consumption, however, continues to indicate strong growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Dried Vegetables Production in Nigeria

In value terms, dried vegetables production fell to $X in 2022 estimated in export price. Over the period under review, production, however, saw buoyant growth. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Dried Vegetables Exports

Exports from Nigeria

In 2016, overseas shipments of dried vegetables and mixtures of vegetables decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a significant decline. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2016, the growth of the exports remained at a somewhat lower figure.

In value terms, dried vegetables exports amounted to $X in 2016. Overall, exports saw a sharp descent. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2016, the growth of the exports failed to regain momentum.

Exports by Country

South Africa (X kg) was the main destination for dried vegetables exports from Nigeria, with a X% share of total exports. Moreover, dried vegetables exports to South Africa exceeded the volume sent to the second major destination, Japan (X kg), fivefold. Austria (X kg) ranked third in terms of total exports with an X% share.

From 2013 to 2016, the average annual rate of growth in terms of volume to South Africa stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Austria (X% per year).

In value terms, Japan ($X), Austria ($X) and Canada ($X) constituted the largest markets for dried vegetables exported from Nigeria worldwide, with a combined X% share of total exports. South Africa, Ireland, the United Arab Emirates, the United States and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2016, the average dried vegetables export price amounted to $X per ton, standing approx. at the previous year. In general, the export price enjoyed a significant increase. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2016 and is likely to continue growth in the immediate term.

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

From 2013 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Dried Vegetables Imports

Imports into Nigeria

In 2022, overseas purchases of dried vegetables and mixtures of vegetables decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, dried vegetables imports fell markedly to $X in 2022. In general, imports recorded a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Poland (X tons) were the main suppliers of dried vegetables imports to Nigeria, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, China ($X), Poland ($X) and South Africa ($X) constituted the largest dried vegetables suppliers to Nigeria, together comprising X% of total imports.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average dried vegetables import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 Poland ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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