Nigeria: Grain Market 2025

Grain Market Size in Nigeria

The Nigerien grain market declined to $X in 2022, which is down by X% against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Grain consumption peaked at $X in 2021, and then declined in the following year.

Grain Production in Nigeria

In value terms, grain production declined to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a measured increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

In 2022, the average yield of cereal grains in Nigeria was estimated at X tons per ha, almost unchanged from 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the average grain yield attained the maximum level at X tons per ha in 2016; however, from 2017 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The grain harvested area in Nigeria declined to X ha in 2022, waning by X% compared with 2021 figures. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2018 to 2022, the growth of the grain harvested area failed to regain momentum.

Grain Exports

Exports from Nigeria

In 2022, exports of cereal grains from Nigeria reduced rapidly to X tons, dropping by X% against 2021. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, grain exports dropped markedly to $X in 2022. Overall, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Cameroon (X tons), Ghana (X tons) and Niger (X tons) were the main destinations of grain exports from Nigeria, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cameroon (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) emerged as the key foreign market for cereal grains exports from Nigeria, comprising X% of total exports. The second position in the ranking was taken by Cameroon ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ghana totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cameroon (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2022, the average grain export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price saw a significant increase. The growth pace was the most rapid in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Niger ($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 Belgium (X%), while the prices for the other major destinations experienced mixed trend patterns.

Grain Imports

Imports into Nigeria

In 2022, after two years of growth, there was decline in overseas purchases of cereal grains, when their volume decreased by X% to X tons. Overall, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, grain imports declined markedly to $X in 2022. In general, imports, however, continue to indicate a noticeable increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest grain supplier to Nigeria, accounting for a X% share of total imports. Moreover, grain imports from Lithuania exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Poland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Lithuania stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Poland (X% per year).

In value terms, the largest grain suppliers to Nigeria were the United States ($X), Lithuania ($X) and Latvia ($X), together comprising X% of total imports.

In terms of the main suppliers, Latvia, with a CAGR of X%, recorded 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

In 2022, the average grain import price amounted to $X per ton, waning by X% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then declined in the following year.

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 States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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