Nigeria: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in Nigeria

The Nigerien carrot and turnip market reached $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when the market value increased by 7.8%. Carrot and turnip consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Carrot And Turnip Production in Nigeria

In value terms, carrot and turnip production totaled $X in 2022 estimated in export price. In general, production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. Carrot and turnip production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average yield of carrots and turnips in Nigeria contracted slightly to X tons per ha, almost unchanged from 2021. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by 0.3% against the previous year. The carrot and turnip yield peaked at X tons per ha in 2021, and then reduced slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the carrot and turnip harvested area in Nigeria totaled X ha, therefore, remained relatively stable against the year before. In general, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the harvested area increased by 2%. The carrot and turnip harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

Carrot And Turnip Exports

Exports from Nigeria

In 2022, overseas shipments of carrots and turnips increased by 4.2% to X kg, rising for the second year in a row after two years of decline. In general, exports, however, faced a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 109%. The exports peaked at X kg in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, carrot and turnip exports rose slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 98% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Niger (X kg) was the main destination for carrot and turnip exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Niger stood at -17.4%.

In value terms, Niger ($X) also remains the key foreign market for carrots and turnips exports from Nigeria.

From 2012 to 2022, the average annual rate of growth in terms of value to Niger amounted to -20.2%.

Export Prices by Country

In 2022, the average carrot and turnip export price amounted to $X per ton, standing approx. at the previous year. In general, the export price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when the average export price increased by 130%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to -3.3% per year.

Carrot And Turnip Imports

Imports into Nigeria

In 2022, carrot and turnip imports into Nigeria soared to X tons, with an increase of 33% compared with 2021. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 531% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, carrot and turnip imports surged to $X in 2022. Over the period under review, imports enjoyed buoyant growth. The growth pace was the most rapid in 2016 when imports increased by 377% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X tons), China (X tons) and Italy (X tons) were the main suppliers of carrot and turnip imports to Nigeria, together comprising 88% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +61.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of carrots and turnips to Nigeria, comprising 52% of total imports. The second position in the ranking was taken by Belgium ($X), with a 20% share of total imports. It was followed by Italy, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+42.8% per year) and Italy (+13.1% per year).

Import Prices by Country

The average carrot and turnip import price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 56%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 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 Italy ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+24.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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