Nigeria: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Nigeria

In 2020, the Nigerien prepared frozen vegetable market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated noticeable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Prepared Frozen Vegetable Production in Nigeria

In value terms, prepared frozen vegetable production surged to $X in 2020 estimated in export prices. Over the period under review, the total production indicated slight growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Prepared Frozen Vegetable Exports

Exports from Nigeria

In 2020, overseas shipments of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. As a result, exports reached the peak of X tons. from 2019 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, prepared frozen vegetable exports soared to $X in 2020. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for prepared frozen vegetable exports from Nigeria, accounting for a X% share of total exports. Moreover, prepared frozen vegetable exports to the United States exceeded the volume sent to the second major destination, Niger (X tons), sixfold.

From 2007 to 2020, the average annual growth rate of volume to the United States totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, the United States ($X) remains the key foreign market for prepared frozen vegetable exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to the United States stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Niger (+X% per year).

Export Prices by Country

In 2020, the average prepared frozen vegetable export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the United States ($X per ton), while the average price for exports to Niger ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X% per year), while the prices for the other major destinations experienced a decline.

Prepared Frozen Vegetable Imports

Imports into Nigeria

Prepared frozen vegetable imports into Nigeria skyrocketed to X tons in 2020, rising by X% compared with the previous year's figure. Over the period under review, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared frozen vegetable imports soared to $X in 2020. In general, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Brazil (X tons) constituted the largest supplier of prepared frozen vegetable to Nigeria, accounting for a X% share of total imports. Moreover, prepared frozen vegetable imports from Brazil exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and China (+X% per year).

In value terms, the largest prepared frozen vegetable suppliers to Nigeria were Turkey ($X), Brazil ($X) and China ($X), together accounting for X% of total imports.

Turkey saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prepared frozen vegetable import price stood at $X per ton in 2020, with a decrease of -X% against the previous year. Over the period under review, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Turkey ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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