Nigeria: Hop Market 2025

Hop Market Size in Nigeria

The Nigerien hop market expanded slightly to $X in 2022, surging by 3.2% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.6% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Hop Production in Nigeria

In value terms, hop production expanded slightly to $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 +6.8% 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 -1.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 34%. 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 hops in Nigeria amounted to less than X kg per ha, therefore, remained relatively stable against the year before. Over the period under review, the yield continues to indicate 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.

The hop harvested area in Nigeria was estimated at less than X ha in 2022, remaining stable against the previous year's figure. In general, the harvested area saw a relatively flat trend pattern.

Hop Exports

Exports from Nigeria

Hop exports from Nigeria totaled X tons in 2020, leveling off at 2019. In general, exports showed a abrupt curtailment. The smallest decline of 99.9% was in 2019. The exports peaked at X tons in 2013; however, from 2014 to 2020, the exports remained at a lower figure.

In value terms, hop exports amounted to $X in 2020. Overall, exports continue to indicate a deep setback. The smallest decline of 99.9% was in 2019. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2020, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for hop exports from Nigeria, with a approx. 100% share of total exports.

From 2013 to 2020, the average annual rate of growth in terms of volume to Cote d'Ivoire was relatively modest.

From 2013 to 2020, the average annual growth rate of value to Cote d'Ivoire was relatively modest.

Export Prices by Country

The average hop export price stood at $X per ton in 2020, approximately mirroring the previous year. Overall, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 a decrease of 99.9%. The export price peaked in 2020 and is likely to see gradual growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2013 to 2020, the rate of growth in terms of prices for Cote d'Ivoire amounted to 0.0% per year.

Hop Imports

Imports into Nigeria

In 2022, after two years of decline, there was significant growth in purchases abroad of hops, when their volume increased by 16% to X tons. Over the period under review, imports, however, showed a noticeable contraction. The growth pace was the most rapid in 2018 with an increase of 235% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, hop imports rose notably to $X in 2022. In general, imports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 275%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons) constituted the largest supplier of hop to Nigeria, accounting for a 66% share of total imports. Moreover, hop imports from South Africa exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by the United States (X kg), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa amounted to +46.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.7% per year) and the United States (-11.6% per year).

In value terms, South Africa ($X), Germany ($X) and the United States ($X) constituted the largest hop suppliers to Nigeria, with a combined 100% share of total imports.

Among the main suppliers, South Africa, with a CAGR of +40.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average hop import price amounted to $X per ton, shrinking by -5% against the previous year. Overall, the import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2020 when the average import price increased by 29%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for the UK ($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 (+111.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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