Report Update Jan 1, 2025

Nigeria - Fresh or Chilled Anchovies - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Fresh Or Chilled Anchovies 2025

Market Size for Fresh Or Chilled Anchovies in Nigeria

The Nigerien fresh or chilled anchovies market dropped dramatically to $X in 2021, which is down by -27% against the previous year. Overall, consumption, however, enjoyed a measured increase. Fresh or chilled anchovies consumption peaked at $X in 2020, and then declined dramatically in the following year.

Production of Fresh Or Chilled Anchovies in Nigeria

In value terms, fresh or chilled anchovies production totaled $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 51% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Fresh Or Chilled Anchovies

Exports from Nigeria

In 2021, after two years of decline, there was decline in overseas shipments of fresh or chilled anchovieses, when their volume decreased by 0% to X kg. In general, exports faced a precipitous shrinkage. The smallest decline of 99.9% was in 2019. Over the period under review, the exports attained the peak figure at X kg in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, fresh or chilled anchovies exports stood at $X in 2021. Overall, exports showed a precipitous curtailment. The smallest decline of 99.9% was in 2019. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

From 2016 to 2021, the average annual rate of growth in terms of volume to No country was relatively modest.

From 2016 to 2021, the average annual rate of growth in terms of value to No country was relatively modest.

Imports of Fresh Or Chilled Anchovies

Imports into Nigeria

Fresh or chilled anchovies imports into Nigeria stood at X kg in 2020, remaining relatively unchanged against the previous year's figure. Overall, imports showed significant growth. The smallest decline of 99.9% was in 2019. Imports peaked in 2020 and are likely to continue growth in the immediate term.

In value terms, fresh or chilled anchovies imports totaled $X in 2020. In general, imports enjoyed a significant expansion. The smallest decline of 99.9% was in 2019. Over the period under review, imports hit record highs in 2020 and are likely to see gradual growth in the near future.

Imports by Country

In 2020, Norway (X kg) was the main fresh or chilled anchovies supplier to Nigeria, accounting for a approx. 100% share of total imports.

From 2018 to 2020, the average annual rate of growth in terms of volume from Norway was relatively modest.

In value terms, Norway ($X) constituted the largest supplier of fresh or chilled anchovieses to Nigeria.

From 2018 to 2020, the average annual growth rate of value from Norway was relatively modest.

Import Prices by Country

In 2020, the average fresh or chilled anchovies import price amounted to $X per ton, remaining stable against the previous year. In general, the import price continues to indicate a significant increase. The pace of growth was the most pronounced in 2019 when the average import price decreased by 99.9%. Over the period under review, average import prices hit record highs in 2020 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Norway.

From 2018 to 2020, the rate of growth in terms of prices for Norway amounted to 0.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fresh or chilled anchovies in the world?

The countries with the highest volumes of in 2021 were Oman, Morocco and Georgia, together accounting for 54% of global consumption. These countries were followed by Italy, Peru, Croatia, Spain, Turkey, Greece, the United Arab Emirates and Germany, which together accounted for a further 35%.

What are the largest producers of fresh or chilled anchovies in the world?

The country with the largest volume of fresh or chilled anchovies production was Oman, comprising approx. 52% of total volume. Moreover, fresh or chilled anchovies production in Oman exceeded the figures recorded by the second-largest producer, Portugal, fourfold. The third position in this ranking was occupied by Georgia, with a 12% share.

What are the leading suppliers of fresh or chilled anchovies to Nigeria?

In value terms, Greece, Croatia $561) and Italy $179) were the largest fresh or chilled anchovies suppliers to Nigeria.

What is the average export price for fresh or chilled anchovies in Nigeria?

The average fresh or chilled anchovies export price stood at $17,188 per ton in 2018, remaining relatively unchanged against the previous year.

What is the average import price for fresh or chilled anchovies in Nigeria?

In 2021, the average fresh or chilled anchovies import price amounted to $21,015 per ton, surging by 1,507% against the previous year.

This report provides an in-depth analysis of the market for fresh or chilled anchovies 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:

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 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
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