Nigeria: Vegetable Market 2024

Vegetable Market Size in Nigeria

In 2022, the Nigerien vegetable market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. 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. Vegetable consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Vegetable Production in Nigeria

In value terms, vegetable production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Vegetable production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

The average yield of vegetables in Nigeria reached X tons per ha in 2022, remaining constant against 2021 figures. In general, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The vegetable yield peaked at X tons per ha in 2015; however, from 2016 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 total area harvested in terms of vegetables production in Nigeria shrank to X ha, approximately mirroring the previous year's figure. 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 2018 when the harvested area increased by X% against the previous year. The vegetable harvested area peaked at X ha in 2021, and then reduced modestly in the following year.

Vegetable Exports

Exports from Nigeria

In 2022, shipments abroad of vegetables decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw a moderate increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then shrank remarkably in the following year.

In value terms, vegetable exports contracted sharply to $X in 2022. In general, exports recorded a slight curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

Ghana (X tons) was the main destination for vegetable exports from Nigeria, with a X% share of total exports. Moreover, vegetable exports to Ghana exceeded the volume sent to the second major destination, Niger (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a X% share.

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

In value terms, Ghana ($X), Niger ($X) and Benin ($X) were the largest markets for vegetable exported from Nigeria worldwide, with a combined X% share of total exports.

Ghana, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average vegetable export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, showed a abrupt setback. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Ghana ($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 Benin (X%), while the prices for the other major destinations experienced mixed trend patterns.

Vegetable Imports

Imports into Nigeria

For the third year in a row, Nigeria recorded growth in purchases abroad of vegetables, which increased by X% to X tons in 2022. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, vegetable imports soared to $X in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of vegetable to Nigeria, accounting for a X% share of total imports. Moreover, vegetable imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), sixfold. South Africa (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and South Africa (X% per year).

In value terms, China ($X) constituted the largest supplier of vegetables to Nigeria, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Pakistan (X% per year).

Import Prices by Country

The average vegetable import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price continues to indicate a tangible increase. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average 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 Niger ($X per ton), while the price for South Africa ($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 more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :