Report Update: May 1, 2024

Nigeria - Animal Or Vegetable Fertilisers - Market Analysis, Forecast, Size, Trends And Insights

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Price for Animal or Vegetable Fertilisers in Nigeria - 2022

Price for Animal or Vegetable Fertilisers in Nigeria (CIF) - 2022

In 2022, the average animal or vegetable fertilisers import price amounted to $2,897 per ton, waning by -31.3% against the previous year. Over the period under review, the import price, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 295% against the previous year. As a result, import price attained the peak level of $4,342 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +47.9% per year.

Price for Animal or Vegetable Fertilisers in Nigeria (FOB) - 2022

The average animal or vegetable fertilisers export price stood at $427 per ton in 2022, with an increase of 4.7% against the previous year. Overall, the export price, however, saw a slight shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by 55% against the previous year. As a result, the export price reached the peak level of $567 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to -0.6% per year.

Imports of Animal or Vegetable Fertilisers in Nigeria

In 2022, approx. 35 tons of animal or vegetable fertilisers were imported into Nigeria; surging by 2.8% on the previous year's figure. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 2,654%. As a result, imports reached the peak of 67 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, animal or vegetable fertilisers imports reduced markedly to $100K in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,863%. As a result, imports reached the peak of $191K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Animal or Vegetable Fertilisers in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	0.1	0.9	1.0	100	900.0%
China	N/A	182	N/A	N/A	0%
India	2.2	N/A	136	N/A	686.2%
South Africa	N/A	3.0	2.5	N/A	-16.7%
Others	7.5	4.9	2.6	N/A	-41.1%
Total	9.7	191	142	100	117.6%

Top Suppliers of Animal or Vegetable Fertilisers to Nigeria in 2022:

United States (34.6 tons)

Exports of Animal or Vegetable Fertilisers in Nigeria

In 2022, overseas shipments of animal or vegetable fertilisers decreased by -2.2% to 329 tons, falling for the second consecutive year after two years of growth. Over the period under review, total exports indicated a notable expansion from 2019 to 2022: its volume increased at an average annual rate of +3.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -27.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 54%. As a result, the exports attained the peak of 456 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, animal or vegetable fertilisers exports expanded slightly to $141K in 2022. Overall, exports saw a slight decrease.

Export of Animal or Vegetable Fertilisers in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cote d'Ivoire	13.8	6.8	0.5	141	117.0%
Niger	N/A	98.7	N/A	N/A	0%
Central African Republic	N/A	37.0	N/A	N/A	0%
Italy	133	N/A	137	N/A	1.5%
Others	0.1	1.3	N/A	N/A	1200.0%
Total	147	144	137	141	-1.4%

Top Export Markets for Animal or Vegetable Fertilisers from Nigeria in 2022:

Cote d'Ivoire (329.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for animal or vegetable fertilisers 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 20158000 - Animal or vegetable fertilisers

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023