Nigeria: Brewing Dregs Market 2024

Brewing Dregs Market Size in Nigeria

The Nigerien brewing dregs market amounted to $X in 2022, leveling off at the previous year. Overall, consumption saw prominent growth. Brewing dregs consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Brewing Dregs Production in Nigeria

In value terms, brewing dregs production declined modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Brewing Dregs Exports

Exports from Nigeria

Brewing dregs exports from Nigeria declined remarkably to X tons in 2022, dropping by X% on the previous year's figure. Overall, total exports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, brewing dregs exports fell dramatically to $X in 2022. Over the period under review, exports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Morocco (X tons) and the United States (X tons) were the main destinations of brewing dregs exports from Nigeria.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%).

In value terms, Morocco ($X) and the United States ($X) constituted the largest markets for brewing dregs exported from Nigeria worldwide.

Morocco, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average brewing dregs export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price showed a deep contraction. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while the average price for exports to the United States amounted to $X per ton.

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

Brewing Dregs Imports

Imports into Nigeria

In 2022, imports of brewing or distilling dregs and waste into Nigeria fell to X tons, declining by X% against 2021. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, brewing dregs imports reduced notably to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest brewing dregs supplier to Nigeria, with a X% share of total imports. Moreover, brewing dregs imports from the Netherlands exceeded the figures recorded by the second-largest supplier, South Africa (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Canada (X% per year).

In value terms, the largest brewing dregs suppliers to Nigeria were South Africa ($X), the Netherlands ($X) and Canada ($X).

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 brewing dregs import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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