Nigeria - Mushrooms (Dried) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDried Mushroom Price in Nigeria - 2022
Contents:
- Dried Mushroom Price in Nigeria (CIF) - 2022
- Dried Mushroom Price in Nigeria (FOB) - 2022
- Dried Mushroom Imports in Nigeria
- Dried Mushroom Exports in Nigeria
Dried Mushroom Price in Nigeria (CIF) - 2022
The average dried mushroom import price stood at $15,539 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dried mushroom import price increased by +114.7% against 2012 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 30%. The import price peaked at $15,551 per ton in 2021, and then reduced slightly in the following year.
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 Germany ($70,584 per ton), while the price for South Africa ($2,406 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Dried Mushroom Price in Nigeria (FOB) - 2022
The average dried mushroom export price stood at $16,545 per ton in 2022, shrinking by -29.9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 56%. As a result, the export price reached the peak level of $23,588 per ton, and then declined significantly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($156,000 per ton), while the average price for exports to Belgium ($500 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 Canada (+51.2%), while the prices for the other major destinations experienced more modest paces of growth.
Dried Mushroom Imports in Nigeria
In 2022, dried mushroom imports into Nigeria shrank significantly to 3.6 tons, waning by -19.1% compared with the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 52% against the previous year. As a result, imports reached the peak of 4.4 tons, and then declined rapidly in the following year.
In value terms, dried mushroom imports dropped sharply to $56K in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.9% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 59%. As a result, imports reached the peak of $69K, and then shrank rapidly in the following year.
Import of Dried Mushroom in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 22.6 | 21.9 | 34.7 | 23.4 | 1.2% |
Germany | 4.6 | 9.7 | 14.9 | 14.3 | 45.9% |
Italy | 7.4 | 1.8 | 6.1 | 7.9 | 2.2% |
Hong Kong SAR | 1.4 | 3.0 | 4.6 | 4.4 | 46.5% |
Thailand | 2.2 | 3.1 | 3.8 | 3.8 | 20.0% |
South Africa | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
United Kingdom | 1.4 | N/A | N/A | N/A | 0% |
Others | 2.8 | 3.5 | 4.6 | 1.5 | -18.8% |
Total | 42.5 | 43.2 | 68.8 | 55.7 | 9.4% |
Top Suppliers of Dried Mushroom to Nigeria in 2022:
- China (1550.0 kg)
- Italy (799.0 kg)
- Thailand (495.0 kg)
- Germany (202.0 kg)
- South Africa (128.0 kg)
- Hong Kong SAR (121.0 kg)
Dried Mushroom Exports in Nigeria
In 2022, exports of dried mushrooms and truffles from Nigeria declined to 123 kg, dropping by -6.1% against the previous year's figure. Over the period under review, exports showed a significant decline. The pace of growth appeared the most rapid in 2021 when exports increased by 126%.
In value terms, dried mushroom exports contracted remarkably to $2K in 2022. Overall, exports recorded a dramatic slump. The pace of growth appeared the most rapid in 2021 with an increase of 253%.
Export of Dried Mushroom in Nigeria (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 2,653 | 239 | 780 | 714 | -35.4% |
Benin | 58.0 | 52.0 | 515 | 432 | 95.3% |
Niger | 366 | 197 | 318 | 267 | -10.0% |
United Arab Emirates | 933 | 315 | 58.0 | 264 | -34.3% |
United Kingdom | 68.0 | 34.0 | 39.0 | 26.0 | -27.4% |
Belgium | N/A | N/A | N/A | 1.0 | 0% |
Others | 173 | 39.0 | 1,380 | 331 | 24.1% |
Total | 4,251 | 876 | 3,090 | 2,035 | -21.8% |
Top Export Markets for Dried Mushroom from Nigeria in 2022:
- South Africa (73.0 kg)
- Niger (26.0 kg)
- Benin (6.0 kg)
- United Kingdom (3.0 kg)
- United Arab Emirates (2.0 kg)
- Belgium (2.0 kg)
This report provides an in-depth analysis of the dried mushroom 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 450 - Dried Mushrooms
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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China continued its dominance of the dried mushroom market, supplying X% of global exports in value terms. In 2014, China exported X thousand tons of mushrooms totaling X million USD, X% over the previous year. Its primary trading partner was
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