Nigeria: Temporarily Preserved Vegetable Market 2020

Temporarily Preserved Vegetable Market Size in Nigeria

The revenue of the temporarily preserved vegetable market in Nigeria amounted to $X in 2017, reducing by -X% against the previous year. Overall, temporarily preserved vegetable consumption continues to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2015, with an increase of X% against the previous year. Over the period under review, the temporarily preserved vegetable market attained its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Temporarily Preserved Vegetable Production in Nigeria

In 2017, temporarily preserved vegetable production in Nigeria stood at X kg, standing approx. at the previous year. Overall, temporarily preserved vegetable production continues to indicate a relatively flat trend pattern.

Temporarily Preserved Vegetable Exports from Nigeria

In 2017, exports of vegetables (temporarily preserved) from Nigeria stood at X kg, shrinking by -X% against the previous year. In general, temporarily preserved vegetable exports continue to indicate an abrupt decline. The growth pace was the most rapid in 2010, when exports increased by X% year-to-year. Nigeria exports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, temporarily preserved vegetable exports stood at $X in 2017. Overall, temporarily preserved vegetable exports continue to indicate a deep downturn. Over the period under review, the temporarily preserved vegetable exports reached its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Temporarily Preserved Vegetable Exports by Country from Nigeria

In 2017, China (X tons) represented the major exporter for vegetables (temporarily preserved), making up X% of total exports. India (X tons) ranks second in terms of the global exports with a X% share, followed by Spain (X%), Egypt (X%) and the Netherlands (X%). Poland (X tons), Mexico (X tons), Belgium (X tons), the U.S. (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to temporarily preserved vegetable exports from China stood at -X%. At the same time, Spain (+X%), Egypt (+X%), the U.S. (+X%), Belgium (+X%) and India (+X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. Mexico and Poland experienced a relatively flat trend pattern. By contrast, Vietnam (-X%) and the Netherlands (-X%) illustrated a downward trend over the same period. China (X%) significantly strengthened its position in terms of the global exports, while India, Egypt and Spain saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest temporarily preserved vegetable supplier from Nigeria, making up X% of global exports. The second position in the ranking was occupied by India ($X), with a X% share of global exports. It was followed by Spain, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China amounted to -X%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+X% per year) and Spain (+X% per year).

Temporarily Preserved Vegetable Export Prices by Country in Nigeria

The temporarily preserved vegetable export price in Nigeria stood at $X per ton in 2017, falling by -X% against the previous year. In general, the export price indicated a measured growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the temporarily preserved vegetable export price decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2013, when it surged by X% year-to-year. Nigeria export price peaked of $X per ton in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Belgium ($X per ton), while Mexico ($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 Mexico (+X% per year), while the other leaders experienced more modest paces of growth.

Temporarily Preserved Vegetable Imports into Nigeria

In 2017, approx. X tons of vegetables (temporarily preserved) were imported into Nigeria; coming up by X% against the previous year. Overall, temporarily preserved vegetable imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, with an increase of X% y-o-y. Nigeria imports peaked of X tons in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, temporarily preserved vegetable imports stood at $X in 2017. In general, temporarily preserved vegetable imports continue to indicate a moderate increase. Nigeria imports peaked of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Temporarily Preserved Vegetable Imports by Country into Nigeria

In 2017, Japan (X tons), South Korea (X tons) and Italy (X tons) were the major importers of vegetables (temporarily preserved) in the world, generating X% of total import. It was distantly followed by Russia (X tons), Spain (X tons), France (X tons) and Brazil (X tons), together achieving X% share of total imports. The following importers - the UK (X tons), the U.S. (X tons), Germany (X tons), Belgium (X tons) and Saudi Arabia (X tons) together made up X% of total imports.

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

In value terms, Italy ($X), Japan ($X) and Brazil ($X) constituted the countries with the highest levels of imports in 2017, with a combined X% share of total imports.

Brazil (+X% per year) experienced 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.

Temporarily Preserved Vegetable Import Prices by Country in Nigeria

The temporarily preserved vegetable import price in Nigeria stood at $X per ton in 2017, going down by -X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2016, when it surged by X% y-o-y. In that year, the import prices for vegetables (temporarily preserved) attained their peak level of $X per ton, and then declined slightly in the following year.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Italy ($X per ton), while South Korea ($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 the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform