Nigeria: Paddy Rice Market 2025

Paddy Rice Market Size in Nigeria

The Nigerien paddy rice market rose significantly to $X in 2021, surging by 6.7% against the previous year. Overall, consumption saw a remarkable increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Paddy Rice Production in Nigeria

In value terms, paddy rice production amounted to $X in 2021 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 175% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

The average yield of paddy rice in Nigeria stood at X tons per ha in 2021, stabilizing at the year before. Overall, the yield, however, recorded a noticeable downturn. The growth pace was the most rapid in 2014 with an increase of 18% against the previous year. The paddy rice yield peaked at X tons per ha in 2015; however, from 2016 to 2021, 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.

In 2021, the total area harvested in terms of paddy rice production in Nigeria totaled X ha, approximately equating the previous year's figure. Over the period under review, the harvested area showed a strong increase. The most prominent rate of growth was recorded in 2016 when the harvested area increased by 58% against the previous year. The paddy rice harvested area peaked at X ha in 2018; however, from 2019 to 2021, the harvested area remained at a lower figure.

Paddy Rice Exports

Exports from Nigeria

In 2021, the amount of paddy rice exported from Nigeria surged to X tons, picking up by 22% on 2020 figures. Overall, total exports indicated significant growth from 2019 to 2021: its volume increased at an average annual rate of +36.9% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +87.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 53%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, paddy rice exports fell to $X in 2021. Over the period under review, exports, however, showed a abrupt slump. The smallest decline of -11.5% was in 2020. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Benin (X tons) was the main destination for paddy rice exports from Nigeria, with a 98% share of total exports. It was followed by South Africa (X tons), with a 1.4% share of total exports.

From 2019 to 2021, the average annual growth rate of volume to Benin totaled +136.6%.

In value terms, Benin ($X) emerged as the key foreign market for paddy rice exports from Nigeria, comprising 99% of total exports. The second position in the ranking was taken by South Africa ($X), with a 0.3% share of total exports.

From 2019 to 2021, the average annual growth rate of value to Benin stood at +235.5%.

Export Prices by Country

In 2021, the average paddy rice export price amounted to $X per ton, dropping by -28.7% against the previous year. Over the period under review, the export price showed a dramatic slump. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Benin ($X per ton), while the average price for exports to South Africa stood at $X per ton.

From 2019 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+42.0%).

Paddy Rice Imports

Imports into Nigeria

In 2021, after five years of growth, there was significant decline in overseas purchases of paddy rice, when their volume decreased by -20.7% to X tons. Overall, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 224%. Imports peaked at X tons in 2020, and then fell notably in the following year.

In value terms, paddy rice imports contracted rapidly to $X in 2021. In general, imports, however, showed a significant increase. The growth pace was the most rapid in 2017 when imports increased by 183% against the previous year. Imports peaked at $X in 2020, and then fell rapidly in the following year.

Imports by Country

The United States (X tons), India (X tons) and Saudi Arabia (X tons) were the main suppliers of paddy rice imports to Nigeria, together comprising 77% of total imports.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +2,052.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Saudi Arabia ($X) and China ($X) constituted the largest paddy rice suppliers to Nigeria, together accounting for 75% of total imports.

Among the main suppliers, the United States, with a CAGR of +2,282.8%, 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

The average paddy rice import price stood at $X per ton in 2021, reducing by -15.4% against the previous year. In general, the import price, however, recorded a resilient expansion. The growth pace was the most rapid in 2013 an increase of 121% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Africa ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+54.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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