Nigeria: Market for Animal Or Vegetable Fertilisers 2025

Market Size for Animal Or Vegetable Fertilisers in Nigeria

The Nigerien animal or vegetable fertilisers market declined to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, posted a prominent expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Animal Or Vegetable Fertilisers in Nigeria

In value terms, animal or vegetable fertilisers production fell modestly to $X in 2022 estimated in export price. Overall, production, however, showed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Animal or vegetable fertilisers production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Animal Or Vegetable Fertilisers

Exports from Nigeria

In 2018, the amount of animal or vegetable fertilisers exported from Nigeria amounted to X tons, almost unchanged from the previous year. In general, exports recorded a precipitous curtailment. The smallest decline of X% was in 2013. The exports peaked at X tons in 2012; however, from 2013 to 2018, the exports stood at a somewhat lower figure.

In value terms, animal or vegetable fertilisers exports totaled $X in 2018. Over the period under review, exports recorded a precipitous descent. The smallest decline of X% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2018, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for animal or vegetable fertilisers exports from Nigeria, with a X% share of total exports. Moreover, animal or vegetable fertilisers exports to Italy exceeded the volume sent to the second major destination, Cameroon (X kg), more than tenfold.

From 2012 to 2018, the average annual growth rate of volume to Italy amounted to X%.

From 2012 to 2018, the average annual rate of growth in terms of value to Italy totaled X%.

Export Prices by Country

In 2018, the average animal or vegetable fertilisers export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price recorded resilient growth. The growth pace was the most rapid in 2013 a decrease of X%. The export price peaked in 2018 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cameroon ($X per ton), while the average price for exports to Italy totaled $X per ton.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%).

Imports of Animal Or Vegetable Fertilisers

Imports into Nigeria

In 2022, the amount of animal or vegetable fertilisers imported into Nigeria skyrocketed to X tons, growing by X% on the year before. Over the period under review, imports, however, showed a sharp descent. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, animal or vegetable fertilisers imports reduced modestly to $X in 2022. In general, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Italy (X tons) and Malaysia (X tons) were the main suppliers of animal or vegetable fertilisers imports to Nigeria, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) constituted the largest supplier of animal or vegetable fertilisers to Nigeria, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

Import Prices by Country

The average animal or vegetable fertilisers import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price, however, recorded strong growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :