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