
Nigeria - Bambara beans - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Bambara Bean Market Overview 2021
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Bambara Bean Market Size in Nigeria
The Nigerien bambara bean market declined remarkably to $X in 2019, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a sharp curtailment. Bambara bean consumption peaked at $X in 2018, and then declined rapidly in the following year.
Bambara Bean Exports
Exports from Nigeria
In 2019, shipments abroad of bambara beans decreased by X% to X kg, falling for the second year in a row after six years of growth. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, exports attained the peak of X tonnes. From 2018 to 2019, the growth exports remained at a somewhat lower figure.
In value terms, bambara bean exports totaled $X in 2019. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2018 to 2019, the growth exports remained at a somewhat lower figure.
Exports by Country
Canada (X tonnes) was the main destination for bambara bean exports from Nigeria, with a approx. X% share of total exports.
From 2012 to 2017, the average annual growth rate of volume to Canada amounted to +X%.
In value terms, Canada ($X) also remains the key foreign market for bambara bean exports from Nigeria.
From 2012 to 2017, the average annual growth rate of value to Canada totaled +X%.
Export Prices by Country
The average bambara bean export price stood at $X per tonne in 2017, surging by X% against the previous year. Over the period under review, the export price enjoyed a strong increase. As a result, export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2012 to 2017, the rate of growth in terms of prices for Canada amounted to -X% per year.
Bambara Bean Imports
Imports into Nigeria
In 2019, the amount of bambara beans imported into Nigeria contracted rapidly to X tonnes, waning by -X% compared with the previous year's figure. Over the period under review, imports faced a sharp shrinkage. Over the period under review, imports hit record highs at X tonnes in 2018, and then reduced sharply in the following year.
In value terms, bambara bean imports declined notably to $X in 2019. Overall, imports saw a precipitous curtailment. Imports peaked at $X in 2018, and then declined remarkably in the following year.
Imports by Country
In 2019, Kenya (X tonnes) was the main bambara bean supplier to Nigeria, with a approx. X% share of total imports.
From 2012 to 2019, the average annual rate of growth in terms of volume from Kenya was relatively modest.
In value terms, Kenya ($X) constituted the largest supplier of bambara bean to Nigeria.
From 2012 to 2019, the average annual growth rate of value from Kenya was relatively modest.
Import Prices by Country
In 2019, the average bambara bean import price amounted to $X per tonne, surging by X% against the previous year. In general, the import price continues to indicate a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Kenya.
From 2012 to 2019, the rate of growth in terms of prices for Kenya amounted to X% per year.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for bambara beans in the world?+
The countries with the highest volumes of bambara bean consumption in 2019 were Burkina Faso (58K tonnes), Cameroon (51K tonnes) and Niger (45K tonnes), with a combined 65% share of global consumption. Mali, Togo, Zimbabwe and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further 31%.
What are the largest producers of bambara beans in the world?+
The countries with the highest volumes of bambara bean production in 2019 were Burkina Faso (58K tonnes), Cameroon (51K tonnes) and Niger (45K tonnes), with a combined 63% share of global production. These countries were followed by Mali, Togo, Zimbabwe and Democratic Republic of the Congo, which together accounted for a further 30%.
What are the leading suppliers of bambara beans to Nigeria?+
In value terms, Kenya ($45K) constituted the largest supplier of bambara bean to Nigeria.
What are the leading importers of bambara beans from Nigeria?+
In value terms, Canada ($273) remains the key foreign market for bambara bean exports from Nigeria.
What is the average export price for bambara beans in Nigeria?+
In 2017, the average bambara bean export price amounted to $1,198 per tonne, with an increase of 12% against the previous year.
What is the average import price for bambara beans in Nigeria?+
In 2019, the average bambara bean import price amounted to $1,843 per tonne, picking up by 60% against the previous year.
This report provides an in-depth analysis of the bambara 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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