Report Update Nov 1, 2024

Nigeria - Sweet Corn Frozen - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Frozen Sweet Corn Market 2024

Frozen Sweet Corn Market Size in Nigeria

For the fourth consecutive year, the Nigerien frozen sweet corn market recorded growth in sales value, which increased by 72% to $X in 2021. In general, consumption continues to indicate a significant increase. Frozen sweet corn consumption peaked in 2021 and is likely to continue growth in the near future.

Frozen Sweet Corn Exports

Exports from Nigeria

In 2021, frozen sweet corn exports from Nigeria soared to X kg, jumping by 556% against the year before. Over the period under review, exports, however, showed a deep slump. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen sweet corn exports soared to $X in 2021. In general, exports, however, showed a deep reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Benin (X kg) was the main destination for frozen sweet corn exports from Nigeria, accounting for a 99% share of total exports. It was followed by South Africa (X kg), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Benin was relatively modest.

In value terms, Benin ($X) emerged as the key foreign market for frozen sweet corn exports from Nigeria, comprising 99% of total exports. The second position in the ranking was taken by South Africa ($X), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Benin was relatively modest.

Export Prices by Country

The average frozen sweet corn export price stood at $X per ton in 2021, falling by -39.7% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 482%. As a result, the export price attained the peak level of $X per ton, and then shrank markedly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Benin ($X per ton), while the average price for exports to South Africa amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (-8.6%).

Frozen Sweet Corn Imports

Imports into Nigeria

For the fourth year in a row, Nigeria recorded growth in overseas purchases of frozen sweet corn, which increased by 73% to X tons in 2021. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 166%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, frozen sweet corn imports skyrocketed to $X in 2021. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 191% against the previous year. Imports peaked at $X in 2016; afterwards, it flattened through to 2021.

Imports by Country

China (X tons), Thailand (X tons) and the UK (X tons) were the main suppliers of frozen sweet corn imports to Nigeria, together accounting for 96% of total imports.

From 2012 to 2021, the biggest increases were in the UK (with a CAGR of +55.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and the UK ($X) constituted the largest frozen sweet corn suppliers to Nigeria, together accounting for 94% of total imports.

Among the main suppliers, the UK, with a CAGR of +54.9%, recorded 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

The average frozen sweet corn import price stood at $X per ton in 2021, dropping by -7.7% against the previous year. Overall, the import price recorded a drastic downturn. The growth pace was the most rapid in 2013 an increase of 9.5%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen sweet corn in the world?

The country with the largest volume of frozen sweet corn consumption was the United States, comprising approx. 49% of total volume. Moreover, frozen sweet corn consumption in the United States exceeded the figures recorded by the second-largest consumer, Japan, ninefold. The UK ranked third in terms of total consumption with a 5.3% share.

What are the largest producers of frozen sweet corn in the world?

The United States constituted the country with the largest volume of frozen sweet corn production, accounting for 52% of total volume. Moreover, frozen sweet corn production in the United States exceeded the figures recorded by the second-largest producer, Hungary, sixfold. The third position in this ranking was occupied by New Zealand, with a 6% share.

What are the leading suppliers of frozen sweet corn to Nigeria?

In value terms, China, the United States and the UK constituted the largest frozen sweet corn suppliers to Nigeria, together accounting for 75% of total imports. These countries were followed by Thailand, New Zealand and Lebanon, which together accounted for a further 20%.

What are the leading importers of frozen sweet corn from Nigeria?

In value terms, Benin $87) emerged as the key foreign market for frozen sweet corn exports from Nigeria, comprising 99% of total exports. The second position in the ranking was occupied by South Africa $1), with a 1.1% share of total exports.

What is the average export price for frozen sweet corn in Nigeria?

The average frozen sweet corn export price stood at $332 per ton in 2021, declining by -11.2% against the previous year.

What is the average import price for frozen sweet corn in Nigeria?

The average frozen sweet corn import price stood at $617 per ton in 2021, surging by 4.6% against the previous year.

This report provides an in-depth analysis of the frozen sweet corn 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:

FCL 447 - Sweet Corn, Frozen

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, HARVESTED AREA AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023