Nigeria: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Nigeria

The Nigerien pasta and couscous market stood at $X in 2022, increasing by 2.1% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Pasta And Couscous Production in Nigeria

In value terms, pasta and couscous production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 50% against the previous year. Pasta and couscous production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Pasta And Couscous Exports

Exports from Nigeria

In 2022, overseas shipments of stuffed pasta and couscous were finally on the rise to reach X tons after six years of decline. In general, exports, however, recorded a precipitous contraction. The most prominent rate of growth was recorded in 2013 with an increase of 106%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, pasta and couscous exports reduced to $X in 2022. Overall, exports, however, showed a dramatic descent. The pace of growth appeared the most rapid in 2013 with an increase of 167% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), Ghana (X tons) and Antigua and Barbuda (X tons) were the main destinations of pasta and couscous exports from Nigeria, with a combined 65% share of total exports. The UK, Benin and Canada lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +40.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pasta and couscous exported from Nigeria were the United States ($X), the UK ($X) and Ghana ($X), with a combined 76% share of total exports. Canada, Antigua and Barbuda and Benin lagged somewhat behind, together accounting for a further 16%.

Canada, with a CAGR of +40.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pasta and couscous export price stood at $X per ton in 2022, which is down by -4.8% against the previous year. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of 30%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Antigua and Barbuda ($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 the UK (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta And Couscous Imports

Imports into Nigeria

Pasta and couscous imports into Nigeria contracted remarkably to X tons in 2022, falling by -46.9% compared with 2021 figures. In general, imports showed a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of 1,144% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, pasta and couscous imports declined sharply to $X in 2022. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 429%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Niger (X tons) was the main supplier of pasta and couscous to Nigeria, accounting for a 92% share of total imports. Moreover, pasta and couscous imports from Niger exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Benin (X tons) ranked third in terms of total imports with a 0.9% share.

From 2012 to 2022, the average annual growth rate of volume from Niger amounted to +83.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.2% per year) and Benin (-44.9% per year).

In value terms, Niger ($X) constituted the largest supplier of stuffed pasta and couscous to Nigeria, comprising 68% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by South Korea, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Niger totaled +82.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.5% per year) and South Korea (-26.2% per year).

Import Prices by Country

The average pasta and couscous import price stood at $X per ton in 2022, rising by 4.7% against the previous year. Overall, the import price, however, showed a abrupt downturn. The growth pace was the most rapid in 2018 an increase of 233%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Niger ($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 (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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