Nigeria: Preserved Vegetable Market 2020

Preserved Vegetable Market Size in Nigeria

The revenue of the preserved vegetable market in Nigeria amounted to $X in 2017, dropping by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, preserved vegetable consumption continues to indicate an abrupt descent. The most prominent rate of growth was recorded in 2010, when market value increased by X% y-o-y. In that year, the preserved vegetable market attained their peak level of $X. From 2011 to 2017, growth of the preserved vegetable market failed to regain its momentum.

Preserved Vegetable Exports from Nigeria

In 2017, the amount of vegetables (preserved) exported from Nigeria amounted to X kg, reducing by -X% against the previous year. Overall, preserved vegetable exports continue to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2009, when exports increased by -X% y-o-y. Nigeria exports peaked of X kg in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, preserved vegetable exports totaled $X in 2017. Overall, preserved vegetable exports continue to indicate a drastic decrease. Over the period under review, the preserved vegetable exports attained its peak figure level of $X in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Preserved Vegetable Exports by Country from Nigeria

Belgium (X tons) and the Netherlands (X tons) represented roughly X% of total exports of vegetables (preserved) in 2017. It was distantly followed by the U.S. (X tons) and Canada (X tons), together making up X% share of total exports. The following exporters - Germany (X tons), France (X tons), Poland (X tons), Argentina (X tons) and China (X tons) together made up X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Belgium (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and the U.S. ($X) were the countries with the highest levels of exports in 2017, together accounting for X% of total exports.

In terms of the main exporting countries , Belgium (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Preserved Vegetable Export Prices by Country in Nigeria

The preserved vegetable export price in Nigeria stood at $X per ton in 2017, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. Over the period under review, the export prices for vegetables (preserved) reached its maximum level of $X per ton in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was China ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Argentina (+X% per year), while the other leaders experienced more modest paces of growth.

Preserved Vegetable Imports into Nigeria

In 2017, the amount of vegetables (preserved) imported into Nigeria totaled X tons, lowering by -X% against the previous year. In general, preserved vegetable imports continue to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2015, when it surged by X% year-to-year. In that year, the preserved vegetable imports attained their peak volume of X tons. From 2016 to 2017, growth of the preserved vegetable imports stood at a somewhat lower level.

In value terms, preserved vegetable imports stood at $X in 2017. Overall, preserved vegetable imports continue to indicate a perceptible downturn. Nigeria imports peaked of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Preserved Vegetable Imports by Country into Nigeria

In 2017, the U.S. (X tons), followed by the UK (X tons), France (X tons), Japan (X tons), the Netherlands (X tons) and Brazil (X tons) represented the key importers of vegetables (preserved), together making up X% of total imports. Germany (X tons), Saudi Arabia (X tons), Italy (X tons), Belgium (X tons), Spain (X tons) and Mexico (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Belgium (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest preserved vegetable markets worldwide were the U.S. ($X), Japan ($X) and the UK ($X), with a combined X% share of total imports. These countries were followed by France, Germany, Brazil, the Netherlands, Italy, Saudi Arabia, Spain, Belgium, Mexico and Nigeria, which together accounted for a further X%.

Brazil (+X% per year) recorded the highest rates of growth with regard to imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Preserved Vegetable Import Prices by Country in Nigeria

In 2017, the preserved vegetable import price in Nigeria amounted to $X per ton, picking up by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008, an increase of X% year-to-year. Nigeria import price peaked of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Japan ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Brazil (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform