Nigeria: Oat Market 2025

Oat Market Size in Nigeria

The Nigerien oat market stood at $X in 2022, growing by 14% against the previous year. Overall, consumption saw a significant increase. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Oat Production in Nigeria

In value terms, oat production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 11%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

In 2022, the average oat yield in Nigeria was estimated at less than X kg per ha, leveling off at the previous year's figure. Over the period under review, 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 oats in Nigeria totaled less than X ha, remaining constant against 2021 figures. Overall, the harvested area showed a relatively flat trend pattern.

Oat Exports

Exports from Nigeria

In 2022, the amount of oats exported from Nigeria soared to X tons, rising by 1,192% against 2021 figures. Over the period under review, exports, however, recorded a deep reduction. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, oat exports skyrocketed to $X in 2022. Overall, exports, however, recorded a slight shrinkage. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for oat exports from Nigeria, accounting for a 64% share of total exports. Moreover, oat exports to Canada exceeded the volume sent to the second major destination, Ireland (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled -8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-14.6% per year) and South Africa (-8.4% per year).

In value terms, Ireland ($X) remains the key foreign market for oats exports from Nigeria, comprising 85% of total exports. The second position in the ranking was held by Canada ($X), with an 8.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Ireland amounted to -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-5.3% per year) and South Africa (-2.0% per year).

Export Prices by Country

The average oat export price stood at $X per ton in 2022, rising by 2.6% against the previous year. Over the period under review, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2013 an increase of 230% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 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 ($X per ton), while the average price for exports to Canada ($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 (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Oat Imports

Imports into Nigeria

In 2022, imports of oats into Nigeria skyrocketed to X tons, rising by 24% on the year before. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 509% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, oat imports fell to $X in 2022. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 646%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of oat to Nigeria, accounting for a 59% share of total imports. Moreover, oat imports from Canada exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Argentina (X tons), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada amounted to +115.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+34.0% per year) and Argentina (+37.5% per year).

In value terms, Canada ($X), China ($X) and the UK ($X) appeared to be the largest oat suppliers to Nigeria, with a combined 93% share of total imports.

Canada, with a CAGR of +117.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average oat import price stood at $X per ton in 2022, declining by -30% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 50%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :