Nigeria: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Nigeria

The Nigerien market for processed cheese (excluding grated or powdered) reduced modestly to $X in 2020, with a decrease of -X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Consumption peaked at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Production of Processed cheese (excluding grated or powdered) in Nigeria

In value terms, production of processed cheese (excluding grated or powdered) declined to $X in 2020 estimated in export prices. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Production peaked at $X in 2014; however, from 2015 to 2020, production failed to regain the momentum.

Exports of Processed cheese (excluding grated or powdered)

Exports from Nigeria

In 2020, shipments abroad of processed cheese (excluding grated or powdered) decreased by X% to X kg for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. As a result, exports reached the peak of X kg. From 2010 to 2020, the growth of exports remained at a lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) stood at $X in 2020. In general, exports saw a precipitous decrease. The growth pace was the most rapid in 2009 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. From 2010 to 2020, the growth of exports remained at a lower figure.

Exports by Country

Botswana (X kg) was the main destination for exports of processed cheese (excluding grated or powdered) from Nigeria, accounting for a approx. X% share of total exports.

From 2007 to 2017, the average annual rate of growth in terms of volume to Botswana was relatively modest.

From 2007 to 2017, the average annual growth rate of value to Botswana was relatively modest.

Export Prices by Country

In 2017, the average export price for processed cheese (excluding grated or powdered) amounted to $X per ton, almost unchanged from the previous year. In general, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2009 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2014; however, from 2015 to 2017, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Botswana.

From 2007 to 2017, the rate of growth in terms of prices for Botswana amounted to X% per year.

Imports of Processed cheese (excluding grated or powdered)

Imports into Nigeria

In 2020, purchases abroad of processed cheese (excluding grated or powdered) increased by X% to X tons, rising for the fifth consecutive year after three years of decline. In general, imports enjoyed noticeable growth. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) rose slightly to $X in 2020. Over the period under review, imports saw a moderate increase. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, France (X tons) constituted the largest supplier of processed cheese (excluding grated or powdered) to Nigeria, accounting for a X% share of total imports. Moreover, imports of processed cheese (excluding grated or powdered) from France exceeded the figures recorded by the second-largest supplier, Turkey (X tons), eightfold. The third position in this ranking was occupied by Australia (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from France stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Australia (+X% per year).

In value terms, France ($X) constituted the largest supplier of processed cheese (excluding grated or powdered) to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2007 to 2020, the average annual growth rate of value from France amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and Turkey (+X% per year).

Import Prices by Country

In 2020, the average import price for processed cheese (excluding grated or powdered) amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019, and then declined in the following year.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :