Report Update Nov 1, 2024

Nigeria - Sugar Crop - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Sugar Crop Market 2024

Sugar Crop Market Size in Nigeria

The Nigerien sugar crop market dropped to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Sugar crop consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Sugar Crop Production in Nigeria

In value terms, sugar crop production dropped to $X in 2022 estimated in export price. In general, production saw a prominent increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

The average yield of sugar crops in Nigeria totaled X tons per ha in 2022, therefore, remained relatively stable against 2021 figures. Overall, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the average sugar crop yield attained the maximum level at X tons per ha in 2012; however, from 2013 to 2022, 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 2022, approx. X ha of sugar crops were harvested in Nigeria; approximately reflecting the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to sugar crop production reached the peak figure at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

Sugar Crop Exports

Exports from Nigeria

After two years of decline, shipments abroad of sugar crops decreased by X% to X kg in 2018. In general, exports recorded a precipitous descent. The smallest decline of X% was in 2016. The exports peaked at X tons in 2013; however, from 2014 to 2018, the exports remained at a lower figure.

In value terms, sugar crop exports amounted to $X in 2018. Over the period under review, exports faced a significant contraction. The smallest decline of X% was in 2014. The exports peaked at $X in 2013; however, from 2014 to 2018, the exports remained at a lower figure.

Exports by Country

Niger (X kg) was the main destination for sugar crop exports from Nigeria, accounting for a approx. X% share of total exports.

From 2013 to 2018, the average annual growth rate of volume to Niger was relatively modest.

From 2013 to 2018, the average annual rate of growth in terms of value to Niger was relatively modest.

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2018, approximately reflecting the previous year. In general, the export price continues to indicate a abrupt setback. The growth pace was the most rapid in 2016 a decrease of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2018, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2013 to 2018, the rate of growth in terms of prices for Ghana amounted to X% per year.

Sugar Crop Imports

Imports into Nigeria

In 2022, purchases abroad of sugar crops decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, saw a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, sugar crop imports contracted significantly to $X in 2022. Overall, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Algeria (X tons) was the main sugar crop supplier to Nigeria, with a approx. X% share of total imports.

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

In value terms, Algeria ($X) constituted the largest supplier of sugar crops to Nigeria.

From 2012 to 2022, the average annual rate of growth in terms of value from Algeria stood at X%.

Import Prices by Country

The average sugar crop import price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price showed a mild reduction. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Algeria.

From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sugar crops in the world?

The countries with the highest volumes of in 2021 were Brazil, India and China, with a combined 58% share of global consumption. These countries were followed by Thailand, Pakistan, the United States, Mexico and Russia, which together accounted for a further 15%.

What are the largest producers of sugar crops in the world?

The countries with the highest volumes of in 2021 were Brazil, India and China, with a combined 58% share of global production. These countries were followed by Thailand, Pakistan, the United States, Mexico and Russia, which together accounted for a further 15%.

What are the leading suppliers of sugar crops to Nigeria?

In value terms, Algeria constituted the largest supplier of sugar crop to Nigeria.

What are the leading importers of sugar crops from Nigeria?

In value terms, Niger emerged as the key foreign market for sugar crop exports from Nigeria, comprising 66% of total exports. The second position in the ranking was occupied by Canada, with a 33% share of total exports.

What is the average export price for sugar crops in Nigeria?

The average sugar crop export price stood at $1,561 per ton in 2021, waning by -20.3% against the previous year.

What is the average import price for sugar crops in Nigeria?

The average sugar crop import price stood at $1,148 per ton in 2021, waning by -5.4% against the previous year.

This report provides an in-depth analysis of the sugar crop 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:

FCL 161 - Sugar crops nes
FCL 156 - Sugar cane
FCL 459 - Chicory roots
FCL 157 - Sugar beet
FCL 461 - Carobs
FCL 460 - Vegetable products, fresh or dry nes

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, HARVESTED AREA AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023