Nigeria: Cassava Market 2024

Cassava Market Size in Nigeria

The Nigerien cassava market totaled $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Cassava Production in Nigeria

In value terms, cassava production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate tangible growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 138% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

The average yield of cassava in Nigeria rose significantly to X tons per ha in 2022, increasing by 7.5% on 2021. In general, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the yield increased by 39%. The cassava yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cassava harvested area in Nigeria shrank to X ha in 2022, waning by -9.9% on 2021. The harvested area increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 41% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2020 to 2022, the growth of the cassava harvested area failed to regain momentum.

Cassava Exports

Exports from Nigeria

In 2022, after two years of decline, there was growth in shipments abroad of cassava, when their volume increased by 2.9% to X tons. Overall, exports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 808%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cassava exports fell to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2019 with an increase of 908% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for cassava exports from Nigeria, accounting for a 72% share of total exports. Moreover, cassava exports to China exceeded the volume sent to the second major destination, Turkey (X tons), tenfold. Canada (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+7,201.5% per year) and Canada (+13.9% per year).

In value terms, the largest markets for cassava exported from Nigeria were China ($X), Canada ($X) and the Netherlands ($X), together accounting for 76% of total exports. Turkey, the United Arab Emirates, the UK, the United States and Sweden lagged somewhat behind, together comprising a further 11%.

Turkey, with a CAGR of +2,300.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cassava export price amounted to $X per ton, falling by -10.2% against the previous year. Over the period under review, the export price, however, saw mild growth. The growth pace was the most rapid in 2013 when the average export price increased by 77%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to China ($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 Canada (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cassava Imports

Imports into Nigeria

In 2022, after four years of growth, there was decline in overseas purchases of cassava, when their volume decreased by -2.8% to X tons. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 850% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, cassava imports surged to $X in 2022. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 924%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Egypt (X tons) was the main supplier of cassava to Nigeria, accounting for a 92% share of total imports. Moreover, cassava imports from Egypt exceeded the figures recorded by the second-largest supplier, Belgium (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Egypt amounted to +38.2%.

In value terms, Egypt ($X) constituted the largest supplier of cassava to Nigeria, comprising 97% of total imports. The second position in the ranking was taken by Belgium ($X), with a 1.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Egypt stood at +49.7%.

Import Prices by Country

In 2022, the average cassava import price amounted to $X per ton, growing by 127% against the previous year. Over the period under review, the import price enjoyed a slight expansion. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 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 Egypt ($X per ton), while the price for Belgium amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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