Nigeria - Pesticides - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPesticide Price in Nigeria - 2022
Contents:
- Pesticide Price in Nigeria (CIF) - 2022
- Pesticide Price in Nigeria (FOB) - 2022
- Pesticide Imports in Nigeria
- Pesticide Exports in Nigeria
Pesticide Price in Nigeria (CIF) - 2022
In 2022, the average pesticide import price amounted to $4,067 per ton, jumping by 63% against the previous year. Overall, the import price enjoyed a noticeable expansion. Over the period under review, average import prices hit record highs at $6,099 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($4,145 per ton), while the price for China stood at $4,074 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%).
Pesticide Price in Nigeria (FOB) - 2022
The average pesticide export price stood at $3,621 per ton in 2022, rising by 11% against the previous year. In general, the export price, however, saw a drastic downturn. The pace of growth was the most pronounced in 2021 an increase of 26%. Over the period under review, the average export prices reached the maximum at $20,862 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($29,178 per ton), while the average price for exports to the United States ($914 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 China (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.
Pesticide Imports in Nigeria
In 2022, purchases abroad of pesticides decreased by -11.7% to 157K tons, falling for the second consecutive year after two years of growth. In general, total imports indicated a slight increase from 2019 to 2022: its volume increased at an average annual rate of +1.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -37.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 66%. As a result, imports attained the peak of 252K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, pesticide imports skyrocketed to $637M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.2% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 67%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Pesticide in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 269 | 458 | 378 | 565 | 28.1% |
India | 33.7 | 56.7 | 38.7 | 56.9 | 19.1% |
Others | 27.3 | 36.7 | 26.0 | 14.8 | -18.5% |
Total | 330 | 551 | 442 | 637 | 24.5% |
Top Suppliers of Pesticide to Nigeria in 2022:
- China (138.7K tons)
- India (13.7K tons)
Pesticide Exports in Nigeria
Pesticide exports from Nigeria dropped notably to 4.9K tons in 2022, shrinking by -43.8% against the previous year. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 102%. As a result, the exports reached the peak of 8.7K tons, and then contracted significantly in the following year.
In value terms, pesticide exports shrank sharply to $18M in 2022. Over the period under review, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 154%. As a result, the exports attained the peak of $28M, and then shrank remarkably in the following year.
Export of Pesticide in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cote d'Ivoire | 3.8 | 6.0 | 18.4 | 10.5 | 40.3% |
Ghana | 2.7 | 1.6 | 4.3 | 4.8 | 21.1% |
Turkey | N/A | 0.4 | 0.7 | 0.5 | 11.8% |
Mexico | N/A | N/A | 0.2 | 0.4 | 100.0% |
Mali | 1.1 | 0.1 | 0.8 | 0.3 | -35.2% |
Gabon | 0.3 | 0.3 | 0.9 | 0.3 | 0.0% |
Niger | 0.1 | 0.8 | 0.7 | 0.2 | 26.0% |
Croatia | 2.3 | N/A | N/A | N/A | 0% |
Others | 1.4 | 1.9 | 2.3 | 0.5 | -29.1% |
Total | 11.6 | 11.1 | 28.3 | 17.6 | 14.9% |
Top Export Markets for Pesticide from Nigeria in 2022:
- Cote d'Ivoire (2581.1 tons)
- Ghana (1495.6 tons)
- Turkey (292.0 tons)
- Mali (88.2 tons)
- Mexico (81.1 tons)
- Gabon (76.5 tons)
- Niger (74.9 tons)
This report provides an in-depth analysis of the pesticide 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:
- Prodcom 20201930 - Goods of HS
- Prodcom 20201980 - Rodenticides and other plant protection products put up for retail sale or as preparations or articles (excluding insecticides, fungicides, herbicides and disinfectants)
- Prodcom 20201600 -
- Prodcom 20201130 - Insecticides based on chlorinated hydrocarbons, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201140 - Insecticides based on carbamates, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201150 - Insecticides based on organophosphorus products, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201160 - Insecticides based on pyrethroids, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201190 - Other insecticides
- Prodcom 20201515 - Inorganic fungicides, bactericides and seed treatments, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201530 - Fungicides, bactericides and seed treatments based on dithiocarbamates, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201545 - Fungicides, bactericides and seed treatments based on benzimidazoles, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201560 - Fungicides, bactericides and seed treatment based on triazoles or diazoles, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201575 - Fungicides, bactericides and seed treatments based on diazines or morpholines, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201590 - Other fungicides, bactericides and seeds treatments (ex: Captan,...)
- Prodcom 20201220 - Herbicides based on phenoxy-phytohormone products, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201230 - Herbicides based on triazines, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201240 - Herbicides based on amides, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201250 - Herbicides based on carbamates, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201260 - Herbicides based on dinitroanilines derivatives, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201270 - Herbicides based on urea, uracil and sulphonylurea, put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201290 - Herbicides p.r.s. or as preparations/articles excluding based on phenoxy-phytohormones, triazines, amides, carbamates, d initroanaline derivatives, urea, uracil, sulphonylurea
- Prodcom 20201350 - Anti-sprouting products put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201370 - Plant-growth regulators put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201430 - Disinfectants based on quaternary ammonium salts put up in forms or packings for retail sale or as preparations or articles
- Prodcom 20201450 - Disinfectants based on halogenated compounds put up in forms or packings for retail sale or as preparations
- Prodcom 20201490 - Disinfectants put up in forms or packings for retail sale or as preparations or articles (excluding those based on quaternary ammonium salts, those based on halogenated compounds)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the pesticide market in Nigeria.
This report provides an in-depth analysis of the fungicide and bactericide market in Nigeria.
This report provides an in-depth analysis of the plant-growth regulators market in Nigeria.
This report provides an in-depth analysis of the insecticide market in Nigeria.
This report provides an in-depth analysis of the herbicide market in Nigeria.
This report provides an in-depth analysis of the disinfectant market in Nigeria.
This report provides an in-depth analysis of the global pesticide market.
This report provides an in-depth analysis of the global fungicide and bactericide market.
This report provides an in-depth analysis of the global plant-growth regulators market.
This report provides an in-depth analysis of the global insecticide market.
Explore the top import markets for pesticide in 2023, including Brazil, France, Canada, Germany, and more. Learn about the key players in the global pesticide market.
The global market for fungicides, bactericides, and seed treatments is projected to see steady growth over the next seven years, driven by increasing demand. Market volume is expected to reach 4.1M tons by 2030, with a market value of $40.1B.
Explore the top import markets for plant-growth regulators and their key statistics. Find out the leading countries in the plant-growth regulator import industry.
Explore the top import markets for insecticides worldwide and learn about key statistics for each country. Find out which countries import the most insecticides and their importance in ensuring crop protection.
Global herbicide market is projected to grow over the next seven years, with an expected increase in both volume and value. Consumption trends show fluctuations, with China leading in both production and exports. The article analyzes key players, growth rates, and price variations in the herbicide market.
Explore the top import markets for herbicides in 2023 and learn about the key players in the global market.
The global herbicides market revenue amounted to $24.2B in 2017, increasing by 15% against the previous year. This figure ...
Global disinfectant imports skyrocketed to $6B in 2020, rising more than twofold over the last year. In physical terms imports grew from 0.9M tons to 1.9M tons. In 2020, the U.S., Canada and Japan featured the largest figures of purchases from abroad in value terms. America saw the highest growth rate of imports, increasing the volume of supplies ninefold. Japan, Hong Kong, Australia, the UK, Germany, Canada and France followed the U.S. in terms of import growth per year. Germany, the U.S. and the UK constituted 39% of global export value last year.
Global exports indicated a robust expansion from 2009 to 2018: its volume increased at an average annual rate of +8.4% over the last decade.
The global pesticide market is expanding steadily, but the use of modern pesticides that are safe for vertebrates, are now harming pollinating insects. As areas under cultivation continue to increase worldwide, thereby enhancing the potential further use of pesticides, the market may yet encounter environmental constraints in the future.