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Nigeria - Vegetables And Melons - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVegetable Price in Nigeria - 2022
Contents:
- Vegetable Price in Nigeria (CIF) - 2022
- Vegetable Price in Nigeria (FOB) - 2022
- Vegetable Imports in Nigeria
- Vegetable Exports in Nigeria
Vegetable Price in Nigeria (CIF) - 2022
The average vegetable import price stood at $1,035 per ton in 2022, growing by 9.2% against the previous year. Overall, the import price continues to indicate a perceptible expansion. The pace of growth was the most pronounced in 2018 an increase of 109%. As a result, import price reached the peak level of $1,761 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Niger ($5,246 per ton), while the price for South Africa ($667 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Vegetable Price in Nigeria (FOB) - 2022
In 2022, the average vegetable export price amounted to $415 per ton, increasing by 172% against the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 303% against the previous year. As a result, the export price reached the peak level of $3,117 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($2,751 per ton), while the average price for exports to Ghana ($228 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 (+28.1%), while the prices for the other major destinations experienced mixed trend patterns.
Vegetable Imports in Nigeria
In 2022, the amount of vegetables imported into Nigeria surged to 79K tons, with an increase of 215% compared with 2021. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 218% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, vegetable imports surged to $81M in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Vegetable in Nigeria (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.0 | 3.7 | 5.7 | 58.2 | 207.6% |
United Kingdom | 0.3 | 0.5 | 11.1 | 10.4 | 226.1% |
Pakistan | N/A | N/A | N/A | 2.7 | 0% |
Germany | 0.2 | 0.3 | 0.1 | 2.5 | 132.1% |
South Africa | 0.3 | 0.5 | 0.6 | 2.4 | 100.0% |
United Arab Emirates | N/A | N/A | N/A | 1.6 | 0% |
India | 0.1 | 0.2 | 1.1 | 1.0 | 115.4% |
Spain | 0.7 | 7.1 | 2.4 | N/A | 85.2% |
Others | 1.9 | 4.5 | 2.6 | 2.5 | 9.6% |
Total | 5.7 | 16.7 | 23.7 | 81.3 | 142.5% |
Top Suppliers of Vegetable to Nigeria in 2022:
- Spain (undefinedK tons)
- China (56.9K tons)
- United Kingdom (8.9K tons)
- South Africa (3.6K tons)
- Germany (3.0K tons)
- Pakistan (1.9K tons)
- United Arab Emirates (1.4K tons)
- India (0.8K tons)
Vegetable Exports in Nigeria
After three years of growth, overseas shipments of vegetables decreased by -79.3% to 2.9K tons in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,029%. As a result, the exports reached the peak of 14K tons, and then fell notably in the following year.
In value terms, vegetable exports dropped remarkably to $1.2M in 2022. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 623% against the previous year.
Export of Vegetable in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ghana | 11.7 | 379 | 0.7 | 418 | 229.4% |
Niger | 44.8 | 253 | 1,526 | 408 | 108.8% |
Benin | 15.2 | 3.4 | 156 | 104 | 89.8% |
United States | 5.4 | 263 | 2.6 | 35.3 | 87.0% |
Others | 93.9 | 336 | 424 | 220 | 32.8% |
Total | 171 | 1,234 | 2,109 | 1,186 | 90.7% |
Top Export Markets for Vegetable from Nigeria in 2022:
- Ghana (1831.1 tons)
- Niger (723.1 tons)
- United States (94.6 tons)
- Benin (37.8 tons)
This report provides an in-depth analysis of the vegetable and melon 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 116 - Potatoes
- FCL 388 - Tomatoes, fresh
- FCL 402 - Onions, shallots (green)
- FCL 403 - Onions, dry
- FCL 406 - Garlic
- FCL 407 - Leeks and other alliaceous vegetables
- FCL 393 - Cauliflowers and broccoli
- FCL 372 - Lettuce and chicory
- FCL 426 - Carrot
- FCL 397 - Cucumbers and gherkins
- FCL 417 - Peas, green
- FCL 414 - Beans, green
- FCL 423 - String Beans
- FCL 367 - Asparagus
- FCL 399 - Eggplants
- FCL 401 - Chillies and peppers (green)
- FCL 373 - Spinach
- FCL 260 - Olives
- FCL 394 - Pumpkins, squash and gourds
- FCL 463 - Vegetables, Fresh n.e.s.
- FCL 446 - Green Corn (Maize)
- FCL 430 - Okra
- FCL 394 - Pumpkins, squash and gourds
- FCL 378 - Cassava leaves
- FCL 366 - Artichokes
- FCL 260 - Olives
- FCL 358 - Cabbages
- FCL 449 - Mushrooms
- FCL 366 - Artichokes
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
-
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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 vegetable and melon market in Nigeria.
This report provides an in-depth analysis of the potato market in Nigeria.
This report provides an in-depth analysis of the vegetable market in Nigeria.
This report provides an in-depth analysis of the vegetable market in Nigeria.
This report provides an in-depth analysis of the global vegetable and melon market.
This report provides an in-depth analysis of the global potato market.
This report provides an in-depth analysis of the global vegetable market.
This report provides an in-depth analysis of the global vegetable market.
This report provides an in-depth analysis of the vegetable and melon market in Nigeria.
This report provides an in-depth analysis of the potato market in Nigeria.
Explore the top import markets for vegetables around the world based on the Import Value of Vegetable data from the IndexBox market intelligence platform.
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