Nigeria - Dry Bean - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingDry Bean Price in Nigeria - 2022
Contents:
- Dry Bean Price in Nigeria (CIF) - 2022
- Dry Bean Price in Nigeria (FOB) - 2022
- Dry Bean Imports in Nigeria
- Dry Bean Exports in Nigeria
Dry Bean Price in Nigeria (CIF) - 2022
In 2022, the average dry bean import price amounted to $1,939 per ton, rising by 94% against the previous year. Overall, the import price, however, showed a mild slump. Over the period under review, average import prices hit record highs at $2,297 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 South Korea ($5,646 per ton), while the price for Niger ($505 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Dry Bean Price in Nigeria (FOB) - 2022
In 2022, the average dry bean export price amounted to $558 per ton, declining by -32.6% against the previous year. In general, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2013 when the average export price increased by 121%. As a result, the export price attained the peak level of $2,921 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
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 Ukraine ($1,169 per ton), while the average price for exports to the United States ($251 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 Turkey (+83.9%), while the prices for the other major destinations experienced a decline.
Dry Bean Imports in Nigeria
In 2022, approx. 1.9K tons of beans (dry) were imported into Nigeria; rising by 268% against 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern.
In value terms, dry bean imports skyrocketed to $3.7M in 2022. In general, imports enjoyed significant growth.
| Import of Dry Bean in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | N/A | N/A | N/A | 1,236 | 0% |
| Ethiopia | N/A | N/A | N/A | 1,080 | 0% |
| South Korea | N/A | 69.2 | N/A | 466 | 159.5% |
| Sudan | N/A | N/A | N/A | 249 | 0% |
| India | 24.0 | 406 | 32.5 | 233 | 113.3% |
| Niger | N/A | N/A | N/A | 163 | 0% |
| China | 954 | 3,498 | 200 | 135 | -47.9% |
| Morocco | 903 | N/A | N/A | N/A | 0% |
| Others | 203 | 876 | 284 | 132 | -13.4% |
| Total | 2,083 | 4,850 | 517 | 3,693 | 21.0% |
Top Suppliers of Dry Bean to Nigeria in 2022:
- Madagascar (500.4 tons)
- Niger (322.8 tons)
- Ethiopia (271.9 tons)
- China (229.8 tons)
- Sudan (209.6 tons)
- India (203.2 tons)
- South Korea (82.5 tons)
Dry Bean Exports in Nigeria
In 2022, the amount of beans (dry) exported from Nigeria surged to 1.7K tons, growing by 338% compared with 2021. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, dry bean exports surged to $957K in 2022. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Dry Bean in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 142 | 45.4 | 187 | 414 | 42.9% |
| Ghana | N/A | 1.9 | 6.8 | 212 | 956.3% |
| United Arab Emirates | 9.1 | 76.6 | 4.6 | 210 | 184.7% |
| Ukraine | N/A | N/A | N/A | 47.1 | 0% |
| United States | N/A | 1.9 | N/A | 45.6 | 389.9% |
| Georgia | N/A | N/A | 55.2 | N/A | 0% |
| Turkey | N/A | 23.4 | 61.1 | N/A | 161.1% |
| Others | N/A | 15.4 | 9.6 | 28.5 | 36.0% |
| Total | 151 | 165 | 324 | 957 | 85.1% |
Top Export Markets for Dry Bean from Nigeria in 2022:
- Ghana (627.3 tons)
- United Arab Emirates (465.7 tons)
- India (366.4 tons)
- United States (181.6 tons)
- Ukraine (40.3 tons)
This report provides an in-depth analysis of the dry bean 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 176 - Beans, dry
- FCL 203 - Bambara beans
- FCL 195 - Cow peas, dry
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
679
This report provides an in-depth analysis of the dry bean market in Nigeria.
1589
This report provides an in-depth analysis of the pigeon peas market in Nigeria.
778
This report provides an in-depth analysis of the pulses market in Nigeria.
292
This report provides an in-depth analysis of the cow peas market in Nigeria.
1178
This report provides an in-depth analysis of the bambara bean market in Nigeria.
707
This report provides an in-depth analysis of the dry peas market in Nigeria.
1943
This report provides an in-depth analysis of the lentil market in Nigeria.
512
This report provides an in-depth analysis of the cow peas market in Nigeria.
1100
This report provides an in-depth analysis of the chick peas market in Nigeria.
931
This report provides an in-depth analysis of the market for broad bean and horse bean in Nigeria.
600
The global market for dry beans has seen significant growth over the years, with several countries emerging as key importers. In this article, we will explore the top five import markets for dry beans, providing key statistics and insights into their import values. The data used in this article is sourced from the IndexBox market intelligence platform. India tops the list of the world's best import markets for dry beans. China comes in a close second. The United States holds the third position. Pakistan ranks fourth. Japan is another important importer. These countries rely on imports to meet their domestic demand for dry beans, driven by factors such as population growth, changing dietary preferences, and limited domestic production. The data used in this article was sourced from the IndexBox market intelligence platform, a reliable source for market statistics and insights.
1074
The global dry bean market revenue amounted to $30.1B in 2018, reducing by -2.4% against the previous year. This...
11729
Global dry bean consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
3681
Global pigeon peas consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
4612
In 2015, the country with the largest volume of the pigeon peas output was India (X thousand tons), accounting for X% of global production.
1573
France was one of the leaders in the global pigeon pea trade. In 2014, France exported X thousand tons of pigeon peas totaling X thousand USD, a remarkable X% over the previous year. Its primary trading partner was the Netherlands, where it suppli
328
Explore the top import markets for pulses and their significance in the global trade landscape. Get key statistics and insights on India, China, Turkey, the United States, and more.
2899
Global pulses consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
2150
In 2015, the countries with the highest levels of pulses production were India (X thousand tons), Russia (X thousand tons), the United Kingdom (X thousand tons), together accounting for X% of total output.
2633
In 2015, the countries with the highest levels of production in 2015 were Burkina Faso (X thousand tons), Cameroon (X thousand tons), Niger (X thousand tons), together accounting for X% of total output.
