Nigeria: Dry Bean Market 2020

Dry Bean Market Size in Nigeria

The revenue of the dry bean market in Nigeria amounted to $X in 2017, jumping by X% against the previous year. Overall, dry bean consumption continues to indicate a remarkable growth. The pace of growth appeared the most rapid in 2017, when market value increased by X% y-o-y. Nigeria dry bean consumption peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Dry Bean Production in Nigeria

In 2017, approx. X kg of beans (dry) were produced in Nigeria; therefore, remained relatively stable against the previous year. Overall, dry bean production continues to indicate a relatively flat trend pattern. Dry bean output in Nigeria indicated a relatively flat trend pattern, which was largely conditioned by a relatively flat trend pattern of the harvested area and a relatively flat trend pattern in yield figures.

In 2017, average dry bean yield in Nigeria amounted to X kg per ha, approximately mirroring the previous year. In general, dry bean yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Dry bean harvested area in Nigeria amounted to X ha in 2017, remaining relatively unchanged against the previous year. Overall, dry bean harvested area continues to indicate a relatively flat trend pattern.

Dry Bean Exports from Nigeria

In 2017, dry bean exports from Nigeria amounted to X tons, standing approx. at the previous year. Overall, dry bean exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013, with an increase of X% y-o-y. Nigeria exports peaked of X tons in 2016, leveling off in the following year.

In value terms, dry bean exports amounted to $X in 2017. Overall, dry bean exports continue to indicate a remarkable growth. Nigeria exports peaked of $X in 2016, and then declined slightly in the following year.

Dry Bean Exports by Country from Nigeria

In 2017, Myanmar (X tons), distantly followed by China (X tons), the U.S. (X tons), Argentina (X tons) and Canada (X tons) were the largest exporters of beans (dry), together making up X% of total exports. Brazil (X tons), Ethiopia (X tons), Egypt (X tons) and the UK (X tons) followed a long way behind the leaders.

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

In value terms, the largest dry bean markets worldwide were Myanmar ($X), China ($X) and the U.S. ($X), with a combined X% share of total exports. Argentina, Canada, Egypt, Ethiopia, Brazil, the UK and Nigeria lagged somewhat behind, together comprising a further X%.

Among the main exporting countries , Egypt (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Dry Bean Export Prices by Country in Nigeria

In 2017, the dry bean export price in Nigeria amounted to $X per ton, lowering by -X% against the previous year. In general, dry bean export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, when it surged by X% against the previous year. In that year, the export prices for beans (dry) reached their peak level of $X per ton. From 2009 to 2017, growth of the export prices for beans (dry) failed to regain its momentum.

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

Dry Bean Imports into Nigeria

In 2017, approx. X tons of beans (dry) were imported into Nigeria; coming up by X% against the previous year. In general, dry bean imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2016, when it surged by X% year-to-year. Over the period under review, the dry bean imports attained its maximum volume in 2017, and are likely to continue its growth in the immediate term.

In value terms, dry bean imports totaled $X in 2017. Overall, the total imports indicated a strong expansion from 2007 to 2017: its value 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 dry bean imports increased by +X% against 2015 indices. Over the period under review, the dry bean imports reached its peak figure level in 2017, and are expected to retain its growth in the near future.

Dry Bean Imports by Country into Nigeria

In 2017, India (X tons), followed by China (X tons), Mexico (X tons) and Pakistan (X tons) represented the main importers of beans (dry), together comprising X% of total imports. Angola (X tons), Brazil (X tons), the U.S. (X tons), Vietnam (X tons), the Philippines (X tons), the UK (X tons), Kenya (X tons) and Italy (X tons) followed a long way behind the leaders.

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

In value terms, India ($X) constitutes the largest market for imported beans (dry) into Nigeria, making up X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Mexico, with a X% share.

In India, dry bean imports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: China (+X% per year) and Mexico (+X% per year).

Dry Bean Import Prices by Country in Nigeria

The dry bean import price in Nigeria stood at $X per ton in 2017, waning by -X% against the previous year. In general, dry bean import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when the import prices increased by X% y-o-y. Over the period under review, the import prices for beans (dry) reached its peak figure level of $X per ton in 2010; however, from 2011 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was the U.S. ($X per ton), while the Philippines ($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 Vietnam (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform