Report Update Nov 1, 2024

Nigeria - Starch other than Wheat, Corn or Potato - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in Nigeria

The Nigerien market for starch other than wheat, corn or potato stood at $X in 2021, growing by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Consumption of peaked in 2021 and is likely to continue growth in the near future.

Production of Starch other than Wheat, Corn or Potato in Nigeria

In value terms, production of starch other than wheat, corn or potato expanded modestly to $X in 2021 estimated in export price. Overall, production, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Starch other than Wheat, Corn or Potato

Exports from Nigeria

In 2021, shipments abroad of starch other than wheat, corn or potato decreased by -X% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of starch other than wheat, corn or potato declined dramatically to $X in 2021. Overall, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for exports of starch other than wheat, corn or potato from Nigeria, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +X%.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to -X%.

Export Prices by Country

In 2021, the average export price for starch other than wheat, corn or potato amounted to $X per ton, which is down by -X% against the previous year. Overall, the export price faced a sharp slump. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the 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 the UK.

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to -X% per year.

Imports of Starch other than Wheat, Corn or Potato

Imports into Nigeria

Imports of starch other than wheat, corn or potato into Nigeria skyrocketed to X tons in 2021, rising by X% compared with 2020 figures. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of starch other than wheat, corn or potato surged to $X in 2021. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest starch other than wheat, corn or potato supplier to Nigeria, accounting for a X% share of total imports. Moreover, imports of starch other than wheat, corn or potato from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with an X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and the Netherlands (+X% per year).

In value terms, China ($X) constituted the largest supplier of starch other than wheat, corn or potato to Nigeria, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average import price for starch other than wheat, corn or potato stood at $X per ton in 2021, stabilizing at the previous year. Over the last nine years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), 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 starch other than wheat, corn or potato in the world?

China constituted the country with the largest volume of consumption of starch other than wheat, corn or potato, accounting for 53% of total volume. Moreover, consumption of starch other than wheat, corn or potato in China exceeded the figures recorded by the second-largest consumer, Taiwan Chinese), tenfold. The United States ranked third in terms of total consumption with a 2.9% share.

What are the largest producers of starch other than wheat, corn or potato in the world?

Thailand constituted the country with the largest volume of production of starch other than wheat, corn or potato, comprising approx. 68% of total volume. Moreover, production of starch other than wheat, corn or potato in Thailand exceeded the figures recorded by the second-largest producer, Vietnam, more than tenfold. India ranked third in terms of total production with a 2% share.

What are the leading suppliers of starch other than wheat, corn or potato to Nigeria?

In value terms, Egypt constituted the largest supplier of starch other than wheat, corn or potato to Nigeria, comprising 97% of total imports. The second position in the ranking was occupied by India, with a 3.3% share of total imports.

What are the leading importers of starch other than wheat, corn or potato from Nigeria?

It was followed by Canada, with a 5.5% share.

What is the average export price for starch other than wheat, corn or potato in Nigeria?

The average export price for starch other than wheat, corn or potato stood at $1,126 per ton in 2021, jumping by 1,022% against the previous year.

What is the average import price for starch other than wheat, corn or potato in Nigeria?

In 2021, the average import price for starch other than wheat, corn or potato amounted to $1,443 per ton, which is down by -30.7% against the previous year.

This report provides an in-depth analysis of the market for starch other than wheat, corn or potato 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 10621119 - Starches (including rice, manioc, arrowroot and sago palm pith) (excluding wheat, maize (corn) and potato)

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