Nigeria: Market for Broad Beans And Horse Beans (Dry) 2025

Market Size for Broad Beans And Horse Beans (Dry) in Nigeria

In 2022, the Nigerien market for broad beans and horse beans (dry) decreased by -34.6% to $X, falling for the fifth consecutive year after three years of growth. Overall, consumption continues to indicate a deep contraction. Broad bean and horse bean consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Broad Beans And Horse Beans (Dry) in Nigeria

In value terms, broad bean and horse bean production stood at $X in 2022 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.5% against 2020 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 38%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average yield of broad beans and horse beans (dry) in Nigeria amounted to less than X kg per ha, leveling off at 2021. In general, the yield recorded 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.

In 2022, the harvested area of broad beans and horse beans (dry) in Nigeria amounted to less than X ha, approximately reflecting the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Exports of Broad Beans And Horse Beans (Dry)

Exports from Nigeria

In 2022, shipments abroad of broad beans and horse beans (dry) increased by 151% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2014 when exports increased by 226%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, broad bean and horse bean exports fell to $X in 2022. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2014 with an increase of 150% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

The UK (X tons) was the main destination for broad bean and horse bean exports from Nigeria, with a 90% share of total exports. Moreover, broad bean and horse bean exports to the UK exceeded the volume sent to the second major destination, South Africa (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +47.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+71.3% per year) and Ireland (-9.6% per year).

In value terms, the UK ($X) emerged as the key foreign market for broad beans and horse beans (dry) exports from Nigeria, comprising 69% of total exports. The second position in the ranking was taken by South Africa ($X), with a 9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+75.1% per year) and Ireland (+7.5% per year).

Export Prices by Country

In 2022, the average export price for broad beans and horse beans (dry) amounted to $X per ton, shrinking by -65.1% against the previous year. In general, the export price faced a abrupt contraction. The growth pace was the most rapid in 2020 when the average export price increased by 95%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to the UK ($X 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 Ireland (+18.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Broad Beans And Horse Beans (Dry)

Imports into Nigeria

In 2022, purchases abroad of broad beans and horse beans (dry) increased by 184% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 11,812% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, broad bean and horse bean imports surged to $X in 2022. Overall, imports posted significant growth. The growth pace was the most rapid in 2014 with an increase of 15,554% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest broad bean and horse bean supplier to Nigeria, accounting for a 74% share of total imports. Moreover, broad bean and horse bean imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+31.8% per year) and Lebanon (+69.1% per year).

In value terms, the largest broad bean and horse bean suppliers to Nigeria were the United Arab Emirates ($X), China ($X) and Lebanon ($X).

Among the main suppliers, Lebanon, with a CAGR of +48.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for broad beans and horse beans (dry) stood at $X per ton in 2022, increasing by 7.9% against the previous year. Over the period under review, the import price, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2013 an increase of 45% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 the United Arab Emirates ($X per ton), while the price for China ($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 (+45.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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