Report Update Nov 1, 2024

Nigeria - Vegetable Puree - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Vegetable Puree Market 2024

Vegetable Puree Market Size in Nigeria

In 2022, the Nigerien vegetable puree market decreased by -28.1% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption showed a noticeable curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Vegetable Puree Exports

Exports from Nigeria

In 2022, exports of vegetable puree from Nigeria fell notably to X kg, waning by -50% compared with 2021 figures. In general, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 1,050%. Over the period under review, the exports attained the maximum at X kg in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, vegetable puree exports fell notably to $X in 2022. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 1,691% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

France (X kg) was the main destination for vegetable puree exports from Nigeria, accounting for a 36% share of total exports. Moreover, vegetable puree exports to France exceeded the volume sent to the second major destination, Pakistan (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (-45.5% per year) and the Netherlands (0.0% per year).

In value terms, France ($X) emerged as the key foreign market for vegetable puree exports from Nigeria, comprising 48% of total exports. The second position in the ranking was held by Pakistan ($X), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (-35.2% per year) and the Netherlands (0.0% per year).

Export Prices by Country

In 2022, the average vegetable puree export price amounted to $X per ton, jumping by 64% against the previous year. Overall, the export price saw a significant increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 137% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+19.0%).

Vegetable Puree Imports

Imports into Nigeria

After four years of growth, purchases abroad of vegetable puree decreased by -29.6% to X tons in 2022. Overall, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2015 with an increase of 311% against the previous year. Imports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, vegetable puree imports reduced sharply to $X in 2022. In general, imports recorded a noticeable slump. The growth pace was the most rapid in 2015 with an increase of 271% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of vegetable puree to Nigeria, accounting for a 56% share of total imports. Moreover, vegetable puree imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+29.8% per year) and Poland (0.0% per year).

In value terms, the UK ($X), the United States ($X) and Poland ($X) were the largest vegetable puree suppliers to Nigeria, with a combined 77% share of total imports.

The United States, with a CAGR of +33.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vegetable puree import price stood at $X per ton in 2022, with an increase of 2.6% against the previous year. In general, the import price, however, recorded a slight contraction. The growth pace was the most rapid in 2016 when the average import price increased by 28%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+18.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vegetable puree in the world?

The countries with the highest volumes of vegetable puree consumption in 2021 were France, Pakistan and India, together comprising 34% of global consumption. Russia, Thailand, Belgium, Spain, the UK, China, Taiwan Chinese), Greece, Poland and the United States lagged somewhat behind, together comprising a further 40%.

What are the largest producers of vegetable puree in the world?

The countries with the highest volumes of vegetable puree production in 2021 were France, Italy and Pakistan, with a combined 37% share of global production.

What are the leading suppliers of vegetable puree to Nigeria?

In value terms, the largest vegetable puree suppliers to Nigeria were the UK, the United States and China, with a combined 96% share of total imports.

What are the leading importers of vegetable puree from Nigeria?

In value terms, Belgium $49) emerged as the key foreign market for vegetable puree exports from Nigeria, comprising 94% of total exports. The second position in the ranking was occupied by Pakistan $3), with a 5.8% share of total exports.

What is the average export price for vegetable puree in Nigeria?

In 2021, the average vegetable puree export price amounted to $788 per ton, shrinking by -68.8% against the previous year.

What is the average import price for vegetable puree in Nigeria?

In 2021, the average vegetable puree import price amounted to $1,779 per ton, leveling off at the previous year.

This report provides an in-depth analysis of the vegetable puree 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 476 - Homogenized Vegetable Preparations

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