Report Update Nov 1, 2024

Nigeria - Mixes and Doughs - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Mixes And Doughs Market 2024

Mixes And Doughs Market Size in Nigeria

The Nigerien mixes and doughs market rose slightly to $X in 2022, growing by 2.9% against the previous year. In general, consumption enjoyed strong growth. Mixes and doughs consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Mixes And Doughs Production in Nigeria

In value terms, mixes and doughs production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a strong increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 85% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Mixes And Doughs Exports

Exports from Nigeria

For the fourth consecutive year, Nigeria recorded decline in shipments abroad of mixes and doughs, which decreased by -25.3% to X tons in 2022. Over the period under review, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 336%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, mixes and doughs exports dropped to $X in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 761%. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

South Africa (X tons) was the main destination for mixes and doughs exports from Nigeria, with a 95% share of total exports. Moreover, mixes and doughs exports to South Africa exceeded the volume sent to the second major destination, Benin (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to South Africa amounted to +15.4%.

In value terms, South Africa ($X) remains the key foreign market for mixes and doughs exports from Nigeria, comprising 70% of total exports. The second position in the ranking was taken by Benin ($X), with a 7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to South Africa amounted to +19.7%.

Export Prices by Country

In 2022, the average mixes and doughs export price amounted to $X per ton, surging by 24% against the previous year. Overall, the export price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2014 an increase of 97%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to South Africa totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+74.7%), while the prices for the other major destinations experienced more modest paces of growth.

Mixes And Doughs Imports

Imports into Nigeria

In 2022, after two years of growth, there was significant decline in overseas purchases of mixes and doughs, when their volume decreased by -66.6% to X tons. Over the period under review, imports recorded a slight decline. The most prominent rate of growth was recorded in 2013 when imports increased by 400%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, mixes and doughs imports dropped markedly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 376% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of mixes and doughs to Nigeria, with a 43% share of total imports. Moreover, mixes and doughs imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold. France (X tons) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+51.4% per year) and France (+46.9% per year).

In value terms, the largest mixes and doughs suppliers to Nigeria were China ($X), France ($X) and Greece ($X), with a combined 41% share of total imports.

In terms of the main suppliers, Greece, with a CAGR of +70.6%, 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

In 2022, the average mixes and doughs import price amounted to $X per ton, surging by 54% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Indonesia ($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 (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mixes and doughs in the world?

China constituted the country with the largest volume of mixes and doughs consumption, accounting for 16% of total volume. Moreover, mixes and doughs consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.5% share.

What are the largest producers of mixes and doughs in the world?

The country with the largest volume of mixes and doughs production was China, comprising approx. 16% of total volume. Moreover, mixes and doughs production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 6.5% share.

What are the leading suppliers of mixes and doughs to Nigeria?

In value terms, the largest mixes and doughs suppliers to Nigeria were Greece, China and Oman, together comprising 52% of total imports. South Africa, the United States, the UK and Spain lagged somewhat behind, together accounting for a further 32%.

What are the leading importers of mixes and doughs from Nigeria?

In value terms, the largest markets for mixes and doughs exported from Nigeria were South Africa, Ghana and Benin $542), with a combined 93% share of total exports.

What is the average export price for mixes and doughs in Nigeria?

In 2021, the average mixes and doughs export price amounted to $2,408 per ton, reducing by -10.6% against the previous year.

What is the average import price for mixes and doughs in Nigeria?

The average mixes and doughs import price stood at $1,258 per ton in 2021, rising by 14% against the previous year.

This report provides an in-depth analysis of the mixes and doughs 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 10612400 - Mixes and doughs for the preparation of bread, cakes, pastry, c rispbread, biscuits, waffles, wafers, rusks, toasted bread and similar toasted products and other bakers

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