Report Nigeria - Barley - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: May 19, 2022

Nigeria - Barley - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Barley Market 2022

Barley Market Size in Nigeria

After three years of decline, the Nigerien barley market increased by X% to $X in 2021. Over the period under review, consumption recorded significant growth. Barley consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Barley Production in Nigeria

In value terms, barley production reduced slightly to $X in 2021 estimated in export prices. Over the period under review, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then dropped modestly in the following year.

The average yield of barley in Nigeria amounted to less than X kg per ha in 2021, remaining relatively unchanged against 2020 figures. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of barley in Nigeria amounted to less than X ha, standing approx. at the previous year's figure. In general, the harvested area continues to indicate a relatively flat trend pattern.

Barley Exports

Exports from Nigeria

In 2021, approx. less than X kg of barley were exported from Nigeria; almost unchanged from 2020 figures. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. As a result, the exports attained the peak of X tonnes. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, barley exports amounted to $less than X in 2021. In general, exports saw a tangible increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% year-to-year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X tonnes) was the main destination for barley exports from Nigeria, accounting for a approx. X% share of total exports.

From 2012 to 2017, the average annual rate of growth in terms of volume to the UK amounted to -X%.

In value terms, the UK ($X) also remains the key foreign market for barley exports from Nigeria.

From 2012 to 2017, the average annual rate of growth in terms of value to the UK stood at -X%.

Export Prices by Country

The average barley export price stood at $X per tonne in 2017, shrinking by -X% against the previous year. In general, the export price, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2016 an increase of X% year-to-year. As a result, the export price attained the peak level of $X per tonne, and then dropped markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2017, the rate of growth in terms of prices for the UK amounted to -X% per year.

Barley Imports

Imports into Nigeria

In 2021, after three years of decline, there was significant growth in purchases abroad of barley, when their volume increased by X% to X tonnes. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, barley imports soared to $X in 2021. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Latvia (X tonnes) constituted the largest supplier of barley to Nigeria, accounting for a X% share of total imports. Moreover, barley imports from Latvia exceeded the figures recorded by the second-largest supplier, China (X tonnes), twofold. France (X tonnes) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Latvia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and France (+X% per year).

In value terms, Latvia ($X), China ($X) and France ($X) appeared to be the largest barley suppliers to Nigeria, together accounting for X% of total imports. These countries were followed by the UK, the United States, Singapore and Belgium, which together accounted for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average barley import price amounted to $X per tonne, which is down by -X% against the previous year. Overall, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2016 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per tonne), while the price for Belgium ($X per tonne) was amongst the lowest.

From 2012 to 2021, 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

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

Frequently Asked Questions (FAQ) :

What are the largest markets for barley in the world?
+
The countries with the highest volumes of barley consumption in 2021 were Russia, China and Spain, with a combined 26% share of global consumption.
What are the largest producers of barley in the world?
+
The countries with the highest volumes of barley production in 2021 were Russia, France and Germany, together comprising 28% of global production. Canada, Spain, Australia, Ukraine, the UK, Turkey, Argentina, Denmark, Kazakhstan and the United States lagged somewhat behind, together comprising a further 45%.
What are the leading suppliers of barley to Nigeria?
+
In value terms, the largest barley suppliers to Nigeria were Latvia, China and France, together comprising 80% of total imports. The UK, the United States, Singapore and Belgium lagged somewhat behind, together accounting for a further 16%.
What are the leading importers of barley from Nigeria?
+
In value terms, the UK remains the key foreign market for barley exports from Nigeria.
What is the average export price for barley in Nigeria?
+
In 2017, the average barley export price amounted to $792 per tonne, with a decrease of -18.3% against the previous year.
What is the average import price for barley in Nigeria?
+
In 2021, the average barley import price amounted to $888 per tonne, with a decrease of -14.9% against the previous year.

This report provides an in-depth analysis of the barley 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 44 - Barley
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption In 2007–2021
Table 5:
Imports, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Value Terms, By Country, 2007–2021
Table 7:
Import Prices, By Country Of Origin, 2007–2021
Table 8:
Exports, In Physical Terms, By Country, 2007–2021
Table 9:
Exports, In Value Terms, By Country, 2007–2021
Table 10:
Export Prices, By Country Of Destination, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2021
Figure 5:
Trade Balance, In Physical Terms, 2007–2021
Figure 6:
Trade Balance, In Value Terms, 2007–2021
Figure 7:
Per Capita Consumption, 2007–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2021
Figure 22:
Production, In Value Terms, 2007–2021
Figure 23:
Area Harvested, 2007–2021
Figure 24:
Yield, 2007–2021
Figure 25:
Imports, In Physical Terms, 2007–2021
Figure 26:
Imports, In Value Terms, 2007–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2007–2021
Figure 29:
Imports, In Value Terms, By Country, 2007–2021
Figure 30:
Import Prices, By Country Of Origin, 2007–2021
Figure 31:
Exports, In Physical Terms, 2007–2021
Figure 32:
Exports, In Value Terms, 2007–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2007–2021
Figure 35:
Exports, In Value Terms, By Country, 2007–2021
Figure 36:
Export Prices, By Country Of Destination, 2007–2021
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