Nigeria: Pulses Market 2024

Pulses Market Size in Nigeria

In 2022, the Nigerien pulses market increased by X% to $X, rising for the third year in a row after three years of decline. Over the period under review, consumption, however, showed a deep slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Pulses Production in Nigeria

In value terms, pulses production declined to $X in 2022 estimated in export price. In general, production, however, faced a abrupt curtailment. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Pulses production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The average yield of pulses in Nigeria was estimated at X kg per ha in 2022, therefore, remained relatively stable against 2021 figures. Overall, the yield, however, recorded a deep slump. The pace of growth appeared the most rapid in 2016 with an increase of X%. The pulses yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the pulses harvested area in Nigeria shrank to X ha, therefore, remained relatively stable against 2021. The harvested area increased at an average annual rate of X% over the period 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 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to pulses production reached the maximum at X ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.

Pulses Exports

Exports from Nigeria

In 2022, shipments abroad of pulses was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, pulses exports rose significantly to $X in 2022. Overall, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. 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

India (X tons), Ghana (X tons) and the United Arab Emirates (X tons) were the main destinations of pulses exports from Nigeria, together comprising X% of total exports.

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

In value terms, India ($X) emerged as the key foreign market for pulses exports from Nigeria, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average pulses export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the 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 Ukraine ($X per ton), while the average price for exports to the United States ($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 India (X%), while the prices for the other major destinations experienced a decline.

Pulses Imports

Imports into Nigeria

In 2022, the amount of pulses imported into Nigeria surged to X tons, growing by X% compared with the year before. In general, imports posted a significant expansion. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, pulses imports soared to $X in 2022. Overall, imports showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The UK (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of pulses imports to Nigeria, with a combined X% share of total imports. India, Madagascar, Niger and Ethiopia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ethiopia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pulses suppliers to Nigeria were the Netherlands ($X), the UK ($X) and China ($X), together comprising X% of total imports. Madagascar, Ethiopia, India and Niger lagged somewhat behind, together accounting for a further X%.

Ethiopia, with a CAGR of X%, saw 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 pulses import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a perceptible reduction. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Ethiopia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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