Cereals; Millet Price in Nigeria - 2022
Contents:
Cereals; Millet Price in Nigeria (FOB) - 2022
In 2022, the average cereals; millet export price amounted to $97 per ton, approximately mirroring the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; millet export price decreased by +0.0% against 2017 indices. The most prominent rate of growth was recorded in 2014 an increase of 64%. The export price peaked at $97 per ton in 2016; afterwards, it flattened through to 2022.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to +5.3% per year.
Cereals; Millet Exports in Nigeria
In 2022, cereals; millet exports from Nigeria skyrocketed to 11K tons, with an increase of 20% on the previous year. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet exports soared to $1.1M in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Millet in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 622 | 746 | 896 | 1,075 | 20.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 622 | 746 | 896 | 1,075 | 20.0% |
Top Export Markets for Cereals; Millet from Nigeria in 2022:
- Niger (11.0K tons)
3150
This report provides an in-depth analysis of the millet market in Nigeria.
1377
This report provides an in-depth analysis of the buckwheat market in Nigeria.
674
This report provides an in-depth analysis of the canary seed market in Nigeria.
1277
This report provides an in-depth analysis of the fonio market in Nigeria.
1366
This report provides an in-depth analysis of the quinoa market in Nigeria.
612
This report provides an in-depth analysis of the triticale market in Nigeria.
1622
This report provides an in-depth analysis of the cereal market in Nigeria.
1802
This report provides an in-depth analysis of the grain market in Nigeria.
1898
This report provides an in-depth analysis of the grain market in Nigeria.
3569
This report provides an in-depth analysis of the global millet market.
5699
Global millet consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
2822
In 2015, the country with the largest volume of the millet output was India (X thousand tons), accounting for X% of global production.
1907
The U.S. continues its dominance in the global millet trade. In 2014, the U.S. exported X thousand tons of millet totaling X million USD, X% over the previous year. Its primary trading partner was Canada, where it supplied X% of its total millet
911
In the immediate term, the global buckwheat market may face a shortage due to an export ban introduced in Russia. The country, being the largest producer and exporter of buckwheat, restricted exporting unprocessed buckwheat, coarsely ground buckwheat groats, and crushed buckwheat grain from June 5, 2021, to August 31. Russia took this step to preserve the volumes of the buckwheat grain for its domestic consumption and prevent a spike in prices inside the country. China, Latvia and Ukraine featured the most prominent increases in imports from Russia in 2021.
6803
Global buckwheat consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
3220
Global buckwheat exports amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
3206
Global buckwheat imports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
2291
In 2015, the countries with the highest levels of production in 2015 were Russia (X thousand tons), China (X thousand tons), France (X thousand tons), together accounting for X% of total output.
3669
In 2015, gross yield of buckwheat in the world increased after the fall of 2013-2014. Production volumes are increasing in Russia, as well as in China, together accounting for two thirds of global production. According to e
1874
The Mongozo Buckwheat White recently won gold at the World Beer Awards in London. Brewed with unique ingredients, the Buckwheat White is praised for its fresh and fruity aroma and smooth aftertaste. Most importantly, it is gluten-free, and is, therefor
