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Report Nigeria - Fish Heads, Tails and Maws - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

Nigeria - Fish Heads, Tails and Maws - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Fish Parts Market 2025

Fish Parts Market Size in Nigeria

After two years of growth, the Nigerien fish parts market decreased by -28.7% to $X in 2022. In general, consumption, however, enjoyed a strong expansion. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Fish Parts Exports

Exports from Nigeria

In 2022, overseas shipments of fish heads, tails and maws decreased by -2.6% to X tons, falling for the third consecutive year after two years of growth. Overall, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2016 when exports increased by 3,901% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, fish parts exports rose rapidly to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 3,497%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for fish parts exports from Nigeria, with a 71% share of total exports. Moreover, fish parts exports to Macao SAR exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Macao SAR stood at +12.5%.

In value terms, the largest markets for fish parts exported from Nigeria were Hong Kong SAR ($X) and Macao SAR ($X).

Among the main countries of destination, Hong Kong SAR, with a CAGR of +43.4%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average fish parts export price amounted to $X per ton, surging by 13% against the previous year. Overall, the export price continues to indicate strong growth. The growth pace was the most rapid in 2020 an increase of 160%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Macao SAR totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+20.6%).

Fish Parts Imports

Imports into Nigeria

In 2022, overseas purchases of fish heads, tails and maws decreased by -21% to X tons, falling for the second consecutive year after six years of growth. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 136% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, fish parts imports reduced sharply to $X in 2022. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 123% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Iceland (X tons), Norway (X tons) and Faroe Islands (X tons) were the main suppliers of fish parts imports to Nigeria, with a combined 92% share of total imports.

From 2015 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Faroe Islands (with a CAGR of +51.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Iceland ($X), Norway ($X) and Faroe Islands ($X) were the largest fish parts suppliers to Nigeria, with a combined 91% share of total imports.

In terms of the main suppliers, Faroe Islands, with a CAGR of +14.1%, 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

The average fish parts import price stood at $X per ton in 2022, shrinking by -9.8% against the previous year. In general, the import price showed a abrupt decline. The growth pace was the most rapid in 2020 when the average import price increased by 9% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and the UK ($X per ton), while the price for Norway ($X per ton) and Faroe Islands ($X per ton) were amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Iceland (-19.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Uganda constituted the country with the largest volume of fish parts consumption, comprising approx. 23% of total volume. Moreover, fish parts consumption in Uganda exceeded the figures recorded by the second-largest consumer, China, twofold. The United States ranked third in terms of total consumption with a 9.4% share.
The countries with the highest volumes of in 2021 were China, the United States and Iceland, with a combined 40% share of global production. Indonesia, Tanzania, Brazil, Japan, India, Norway, Belarus, the UK, Mexico and Pakistan lagged somewhat behind, together comprising a further 23%.
In value terms, Iceland constituted the largest supplier of fish parts to Nigeria, comprising 69% of total imports. The second position in the ranking was occupied by Norway, with a 12% share of total imports. It was followed by Faroe Islands, with a 9% share.
In value terms, the largest markets for fish parts exported from Nigeria were Macao SAR and Hong Kong SAR.
In 2021, the average fish parts export price amounted to $15,669 per ton, picking up by 50% against the previous year.
In 2021, the average fish parts import price amounted to $3,066 per ton, reducing by -8.5% against the previous year.

This report provides an in-depth analysis of the fish parts 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 10204250 - Fish heads, tails and maws, other edible fish offal: dried, s alted or in brine, smoked

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    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, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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