
Nigeria - Broad Beans and Horse Beans (Dry) - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingNigeria: 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
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for broad bean and horse bean in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 181 - Broad beans, dry
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
Recommended reports
This report provides an in-depth analysis of the market for broad bean and horse bean in Asia.
This report provides an in-depth analysis of the market for broad bean and horse bean in the U.S..
This report provides an in-depth analysis of the market for broad bean and horse bean in China.
This report provides an in-depth analysis of the market for broad bean and horse bean in the EU.
This report provides an in-depth analysis of the global market for broad bean and horse bean.