Key regions: Russia, South Korea, Canada, United States, Philippines
The Fresh Fish Market in Niger is experiencing slow growth, impacted by factors such as limited access to technology and low awareness of the benefits of online services. Despite this, the market is steadily expanding due to a growing demand for fresh fish and seafood in the region.
Customer preferences: Consumers in Niger are increasingly looking for sustainably sourced and locally grown fresh fish, as they become more aware of the impact of imported seafood on the environment. This trend is also driven by a growing interest in supporting small-scale local fishermen and promoting traditional fishing techniques. Additionally, there is a rise in demand for value-added fish products, such as smoked and marinated fish, as consumers seek more diverse and convenient meal options. These shifts in preferences reflect a growing focus on health and sustainability in the region.
Trends in the market: In Niger, the Fresh Fish Market is experiencing a rise in demand for sustainably sourced fish, driven by consumer preferences for ethically and environmentally responsible seafood options. This trend is expected to continue as awareness of overfishing and its impact on marine life grows. In the Fish & Seafood Market, this trend is significant for industry stakeholders, as it presents an opportunity for differentiation and potential partnerships with sustainable fishing organizations. Additionally, this trend may lead to increased investments in sustainable fishing practices, potentially improving the overall health of the ocean ecosystem.
Local special circumstances: In Niger, the Fresh Fish Market of the Fish & Seafood Market within The Food market is heavily influenced by the country's geographical location, as it is landlocked and surrounded by desert. This makes it difficult to access fresh seafood, leading to a limited supply and higher prices. Additionally, cultural practices such as traditional fishing techniques and consumption patterns also impact the market. Government regulations aimed at preserving marine resources also play a role. These unique factors create a distinct market dynamic compared to other fish and seafood markets, ultimately shaping the availability and pricing of fresh fish in Niger.
Underlying macroeconomic factors: The Fresh Fish Market of the Fish & Seafood Market within The Food market in Niger is heavily influenced by macroeconomic factors such as global economic trends, the country's economic health, fiscal policies, and other relevant financial indicators. The market is particularly impacted by the country's economic health, as Niger is currently facing challenges such as high levels of poverty and limited access to financial resources. Additionally, the market is also influenced by global economic trends, as fluctuations in demand and prices for fish and seafood products can have a significant impact on market performance. Furthermore, fiscal policies, such as trade tariffs and subsidies, also play a role in shaping the market, as they can either stimulate or hinder the growth of the industry. Overall, these macroeconomic factors create a complex environment for the Fresh Fish Market in Niger, highlighting the importance of closely monitoring and adapting to changes in the economic landscape to ensure market success.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
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