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

After five years of decline, the Nigerien market for tree, flower and other seeds, fruits and spores for sowing increased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a deep setback. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

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 contracted to $X in 2022 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth remained at a somewhat lower figure.

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

Exports from Nigeria

After two years of growth, shipments abroad of tree, flower and other seeds, fruits and spores for sowing decreased by X% to X tons in 2022. In general, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of tree, flower and other seeds, fruits and spores for sowing shrank rapidly to $X in 2022. Overall, exports, however, showed resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports of reached the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a 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, South Africa (X tons), threefold. The third position in this ranking was held by Angola (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Angola (X% per year).

In value terms, Democratic Republic of the Congo ($X), Canada ($X) and South Africa ($X) appeared to be the largest markets for tree, flower and other seeds, fruits and spores for sowing exported from Nigeria worldwide, with a combined X% share of total exports.

Democratic Republic of the Congo, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for tree, flower and other seeds, fruits and spores for sowing stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Angola ($X 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 Democratic Republic of the Congo (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

For the sixth consecutive year, Nigeria recorded decline in supplies from abroad of tree, flower and other seeds, fruits and spores for sowing, which decreased by X% to X tons in 2022. In general, imports saw a dramatic downturn. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of tree, flower and other seeds, fruits and spores for sowing soared to $X in 2022. Overall, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia (X tons), Benin (X tons) and Cameroon (X tons) were the main suppliers of imports of tree, flower and other seeds, fruits and spores for sowing to Nigeria, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cameroon (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

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

In terms of the main suppliers, Cameroon, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for tree, flower and other seeds, fruits and spores for sowing amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price enjoyed significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Cameroon ($X per ton), while the price for Rwanda ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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