Report Update Nov 1, 2024

Nigeria - Sweet Corn Prepared or Preserved - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in Nigeria

In 2022, the Nigerien preserved sweet corn market increased by 42% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, showed a deep reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Preserved Sweet Corn Exports

Exports from Nigeria

In 2022, shipments abroad of sweet corn prepared or preserved decreased by -27% to X kg for the first time since 2018, thus ending a three-year rising trend. In general, exports faced a deep reduction. The growth pace was the most rapid in 2019 with an increase of 1,250% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, preserved sweet corn exports declined to $X in 2022. Over the period under review, exports faced a abrupt contraction. The growth pace was the most rapid in 2019 when exports increased by 1,140% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X kg) was the main destination for preserved sweet corn exports from Nigeria, with a 21% share of total exports. Moreover, preserved sweet corn exports to Belgium exceeded the volume sent to the second major destination, Benin (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at +129.7%.

In value terms, Belgium ($X) emerged as the key foreign market for sweet corn prepared or preserved exports from Nigeria, comprising 22% of total exports. The second position in the ranking was held by Benin ($X), with a 7.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belgium totaled +125.8%.

Export Prices by Country

In 2022, the average preserved sweet corn export price amounted to $X per ton, growing by 22% against the previous year. In general, the export price recorded a modest expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 63% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Benin totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (-0.5%).

Preserved Sweet Corn Imports

Imports into Nigeria

In 2022, supplies from abroad of sweet corn prepared or preserved increased by 14% to X tons, rising for the third consecutive year after two years of decline. In general, imports, however, faced a deep setback. The pace of growth appeared the most rapid in 2020 when imports increased by 441%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved sweet corn imports soared to $X in 2022. Overall, imports, however, recorded a slight descent. The pace of growth appeared the most rapid in 2020 with an increase of 604%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Thailand (X tons) and South Africa (X tons) were the main suppliers of preserved sweet corn imports to Nigeria, with a combined 65% share of total imports. The UK, Hong Kong SAR, the United States, France and the United Arab Emirates lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +54.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of sweet corn prepared or preserved to Nigeria, comprising 48% of total imports. The second position in the ranking was held by Thailand ($X), with a 17% share of total imports. It was followed by Hong Kong SAR, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-4.4% per year) and Hong Kong SAR (+41.3% per year).

Import Prices by Country

The average preserved sweet corn import price stood at $X per ton in 2022, growing by 40% against the previous year. Over the period under review, the import price continues to indicate a strong increase. The pace of growth was the most pronounced in 2021 an increase of 109% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.8%), 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 sweet corn prepared or preserved in the world?

The countries with the highest volumes of preserved sweet corn consumption in 2021 were the United States, Russia and France, with a combined 57% share of global consumption.

What are the largest producers of sweet corn prepared or preserved in the world?

The countries with the highest volumes of preserved sweet corn production in 2021 were the United States, Russia and Thailand, with a combined 66% share of global production.

What are the leading suppliers of sweet corn prepared or preserved to Nigeria?

In value terms, China constituted the largest supplier of preserved sweet corn to Nigeria, comprising 39% of total imports. The second position in the ranking was occupied by the United States, with a 16% share of total imports. It was followed by Thailand, with a 12% share.

What are the leading importers of sweet corn prepared or preserved from Nigeria?

In value terms, Benin $397) remains the key foreign market for preserved sweet corn exports from Nigeria, comprising 83% of total exports. The second position in the ranking was occupied by Belgium $79), with a 17% share of total exports.

What is the average export price for sweet corn prepared or preserved in Nigeria?

In 2021, the average preserved sweet corn export price amounted to $1,358 per ton, rising by 12% against the previous year.

What is the average import price for sweet corn prepared or preserved in Nigeria?

In 2021, the average preserved sweet corn import price amounted to $837 per ton, growing by 13% against the previous year.

This report provides an in-depth analysis of the preserved 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 448 - Sweet Corn, Prepared or Preserved

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