Nigeria: Wheat Starch Market 2025

Wheat Starch Market Size in Nigeria

In 2021, after three years of growth, there was significant decline in the Nigerien wheat starch market, when its value decreased by -20.5% to $X. Overall, consumption, however, saw a strong increase. As a result, consumption reached the peak level of $X, and then contracted remarkably in the following year.

Wheat Starch Production in Nigeria

In value terms, wheat starch production contracted notably to $X in 2021 estimated in export price. In general, production, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 77% against the previous year. As a result, production attained the peak level of $X, and then declined rapidly in the following year.

Wheat Starch Exports

Exports from Nigeria

In 2021, exports of wheat starch from Nigeria fell sharply to X tons, reducing by -99.3% on the previous year's figure. In general, exports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 16,345%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, wheat starch exports dropped markedly to $X in 2021. Overall, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 14,186%. As a result, the exports reached the peak of $X, and then declined markedly in the following year.

Exports by Country

The United Arab Emirates (X kg), Ghana (X kg) and South Africa (X kg) were the main destinations of wheat starch exports from Nigeria.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +365.1%), while the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X), Ghana ($X) and South Africa ($X) appeared to be the largest markets for wheat starch exported from Nigeria worldwide.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +385.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average wheat starch export price stood at $X per ton in 2021, picking up by 6.9% against the previous year. Overall, the export price saw a significant expansion. The growth pace was the most rapid in 2019 when the average export price increased by 221%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+54.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wheat Starch Imports

Imports into Nigeria

In 2021, purchases abroad of wheat starch increased by 35% to X tons, rising for the third year in a row after two years of decline. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2016 when imports increased by 5,098% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, wheat starch imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 5,138% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

China (X tons), India (X tons) and Spain (X tons) were the main suppliers of wheat starch imports to Nigeria, with a combined 99% share of total imports.

From 2013 to 2021, the biggest increases were recorded for Spain (with a CAGR of +200.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Spain ($X) appeared to be the largest wheat starch suppliers to Nigeria, together accounting for 99% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +339.9%, saw 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

In 2021, the average wheat starch import price amounted to $X per ton, with an increase of 24% against the previous year. In general, the import price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2020 an increase of 79%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+46.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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