Report Update Nov 1, 2024

Nigeria - Pesticides - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Pesticide Market 2024

Pesticide Market Size in Nigeria

The Nigerien pesticide market surged to $X in 2022, increasing by X% against the previous year. Overall, consumption saw a abrupt descent. Pesticide consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Pesticide Production in Nigeria

In value terms, pesticide production reduced slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate resilient growth. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Pesticide Exports

Exports from Nigeria

In 2022, the amount of pesticides exported from Nigeria fell remarkably to X tons, which is down by X% against 2021 figures. In general, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank notably in the following year.

In value terms, pesticide exports declined remarkably to $X in 2022. Overall, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by X% 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

Cote d'Ivoire (X tons), Ghana (X tons) and Turkey (X tons) were the main destinations of pesticide exports from Nigeria, with a combined X% share of total exports. Mali, Mexico, Gabon, Niger, the United States and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

The average pesticide export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

Pesticide Imports

Imports into Nigeria

In 2022, purchases abroad of pesticides decreased by X% to X tons, falling for the second consecutive year after four years of growth. In general, imports, however, enjoyed a tangible increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, pesticide imports soared to $X in 2022. Over the period under review, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of pesticide to Nigeria, accounting for a X% share of total imports. Moreover, pesticide imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of pesticides to Nigeria, comprising X% of total imports. The second position in the ranking was taken by India ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%.

Import Prices by Country

In 2022, the average pesticide import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price showed perceptible growth. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pesticides in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 36% of global consumption. France, Japan, Brazil, Indonesia, Nigeria, Russia, Germany, Canada, Australia and Mexico lagged somewhat behind, together comprising a further 30%.

What are the largest producers of pesticides in the world?

The country with the largest volume of pesticide production was China, comprising approx. 33% of total volume. Moreover, pesticide production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 9.3% share.

What are the leading suppliers of pesticides to Nigeria?

In value terms, China constituted the largest supplier of pesticide to Nigeria, comprising 63% of total imports. The second position in the ranking was occupied by India, with a 28% share of total imports. It was followed by Malaysia, with a 1.5% share.

What are the leading importers of pesticides from Nigeria?

In value terms, Hong Kong SAR emerged as the key foreign market for pesticide exports from Nigeria, comprising 53% of total exports. The second position in the ranking was occupied by Benin, with a 21% share of total exports. It was followed by Ghana, with a 20% share.

What is the average export price for pesticides in Nigeria?

In 2021, the average pesticide export price amounted to $4,902 per ton, surging by 6.1% against the previous year.

What is the average import price for pesticides in Nigeria?

In 2021, the average pesticide import price amounted to $2,724 per ton, with an increase of 24% against the previous year.

This report provides an in-depth analysis of the pesticide market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20201930 - Goods of HS
Prodcom 20201980 - Rodenticides and other plant protection products put up for retail sale or as preparations or articles (excluding insecticides, fungicides, herbicides and disinfectants)
Prodcom 20201600 -
Prodcom 20201130 - Insecticides based on chlorinated hydrocarbons, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201140 - Insecticides based on carbamates, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201150 - Insecticides based on organophosphorus products, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201160 - Insecticides based on pyrethroids, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201190 - Other insecticides
Prodcom 20201515 - Inorganic fungicides, bactericides and seed treatments, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201530 - Fungicides, bactericides and seed treatments based on dithiocarbamates, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201545 - Fungicides, bactericides and seed treatments based on benzimidazoles, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201560 - Fungicides, bactericides and seed treatment based on triazoles or diazoles, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201575 - Fungicides, bactericides and seed treatments based on diazines or morpholines, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201590 - Other fungicides, bactericides and seeds treatments (ex: Captan,...)
Prodcom 20201220 - Herbicides based on phenoxy-phytohormone products, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201230 - Herbicides based on triazines, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201240 - Herbicides based on amides, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201250 - Herbicides based on carbamates, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201260 - Herbicides based on dinitroanilines derivatives, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201270 - Herbicides based on urea, uracil and sulphonylurea, put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201290 - Herbicides p.r.s. or as preparations/articles excluding based on phenoxy-phytohormones, triazines, amides, carbamates, d initroanaline derivatives, urea, uracil, sulphonylurea
Prodcom 20201350 - Anti-sprouting products put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201370 - Plant-growth regulators put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201430 - Disinfectants based on quaternary ammonium salts put up in forms or packings for retail sale or as preparations or articles
Prodcom 20201450 - Disinfectants based on halogenated compounds put up in forms or packings for retail sale or as preparations
Prodcom 20201490 - Disinfectants put up in forms or packings for retail sale or as preparations or articles (excluding those based on quaternary ammonium salts, those based on halogenated compounds)

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023