Nigeria: Market for Tree, flower and other seeds, fruits and spores for sowing 2024

Market Size for Tree, flower and other seeds, fruits and spores for sowing in Nigeria

The Nigerien market for tree, flower and other seeds, fruits and spores for sowing dropped to $X in 2023, reducing by X% against the previous year. In general, consumption, however, saw a noticeable curtailment. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Production of Tree, flower and other seeds, fruits and spores for sowing in Nigeria

In value terms, production of tree, flower and other seeds, fruits and spores for sowing expanded sharply to $X in 2023 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2023, production of growth remained at a somewhat lower figure.

Exports of Tree, flower and other seeds, fruits and spores for sowing

Exports from Nigeria

In 2023, approx. X tons of tree, flower and other seeds, fruits and spores for sowing were exported from Nigeria; picking up by X% compared with 2022 figures. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of tree, flower and other seeds, fruits and spores for sowing surged to $X in 2023. Overall, exports showed significant growth. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for exports of tree, flower and other seeds, fruits and spores for sowing from Nigeria, with a X% share of total exports. Moreover, exports of tree, flower and other seeds, fruits and spores for sowing to Canada exceeded the volume sent to the second major destination, Ghana (X tons), sixfold. The third position in this ranking was held by the United States (X kg), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (X% per year) and the United States (X% per year).

In value terms, Ghana ($X) emerged as the key foreign market for tree, flower and other seeds, fruits and spores for sowing exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Ghana totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the United States (X% per year).

Export Prices by Country

In 2023, the average export price for tree, flower and other seeds, fruits and spores for sowing amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price enjoyed notable growth. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2023, 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 States ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tree, flower and other seeds, fruits and spores for sowing

Imports into Nigeria

In 2023, overseas purchases of tree, flower and other seeds, fruits and spores for sowing increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports of attained the maximum at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, imports of tree, flower and other seeds, fruits and spores for sowing declined rapidly to $X in 2023. In general, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), China (X tons) and Indonesia (X tons) were the main suppliers of imports of tree, flower and other seeds, fruits and spores for sowing to Nigeria, together comprising X% of total imports. Israel, India, France and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), the Netherlands ($X) and Israel ($X) appeared to be the largest tree, flower and other seeds, fruits and spores for sowing suppliers to Nigeria, together accounting for X% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to 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 2023, the average import price for tree, flower and other seeds, fruits and spores for sowing amounted to $X per ton, waning by X% against the previous year. Overall, the import price showed a perceptible slump. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Benin (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform