Nigeria: Root And Tuber Market 2024

Root And Tuber Market Size in Nigeria

The Nigerien root and tuber market reached $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Root And Tuber Production in Nigeria

In value terms, root and tuber production reached $X in 2022 estimated in export price. In general, production, however, recorded a pronounced increase. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

The average yield of roots and tubers in Nigeria expanded remarkably to X tons per ha in 2022, with an increase of X% on 2021 figures. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the yield increased by X% against the previous year. Over the period under review, the average root and tuber yield hit record highs at X tons per ha in 2018; however, from 2019 to 2022, the yield stood at a somewhat 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 total area harvested in terms of roots and tubers production in Nigeria fell to X ha, declining by X% compared with 2021. The harvested area increased at an average annual rate of X% 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 2019 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2020 to 2022, the growth of the root and tuber harvested area remained at a lower figure.

Root And Tuber Exports

Exports from Nigeria

In 2022, the amount of roots and tubers exported from Nigeria shrank markedly to X tons, declining by X% on the previous year. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, root and tuber exports fell sharply to $X in 2022. In general, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X tons) was the main destination for root and tuber exports from Nigeria, with a X% share of total exports. It was followed by the United States (X tons), with a X% share of total exports. The third position in this ranking was taken by the Czech Republic (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Niger stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Czech Republic (X% per year).

In value terms, Niger ($X) emerged as the key foreign market for roots and tubers exports from Nigeria, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Niger amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the average root and tuber export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price saw a noticeable slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

Root And Tuber Imports

Imports into Nigeria

In 2022, supplies from abroad of roots and tubers decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, root and tuber imports contracted markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of root and tuber to Nigeria, with a X% share of total imports. Moreover, root and tuber imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The UK (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and the UK (X% per year).

In value terms, Niger ($X) constituted the largest supplier of roots and tubers to Nigeria, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Brazil, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Niger stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the average root and tuber import price amounted to $X per ton, rising by X% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, root and tuber import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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