Nigeria: Chick Peas Market 2022

Chick Peas Market Size in Nigeria

In 2021, after three years of decline, there was significant growth in the Nigerien chick peas market, when its value increased by X% to $X. Over the period under review, consumption, however, showed a deep setback. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Chick Peas Exports

Exports from Nigeria

In 2021, chick peas exports from Nigeria was estimated at less than X kg, remaining stable against the year before. Over the period under review, exports recorded a significant expansion. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, chick peas exports totaled less than $X in 2021. In general, exports saw a significant expansion. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for chick peas exports from Nigeria, with a X% share of total exports. It was followed by Sudan (X tons), with a X% share of total exports.

From 2012 to 2016, the average annual growth rate of volume to India was relatively modest.

In value terms, India ($X) and Sudan ($X) appeared to be the largest markets for chick peas exported from Nigeria worldwide.

Among the main countries of destination, Sudan, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2016, the average chick peas export price amounted to $X per ton, approximately reflecting the previous year. In general, the export price recorded a sharp curtailment. As a result, the export price attained the peak level of $X per ton. From 2014 to 2016, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Sudan ($X per ton), while the average price for exports to India totaled $X per ton.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (X%).

Chick Peas Imports

Imports into Nigeria

In 2021, purchases abroad of chick peas was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, chick peas imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main chick peas supplier to Nigeria, with a X% share of total imports. It was followed by Niger (X tons), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Niger (-X% per year) and India (-X% per year).

In value terms, China ($X) constituted the largest supplier of chick peas to Nigeria, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Niger (+X% per year).

Import Prices by Country

In 2021, the average chick peas import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price showed a remarkable increase. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Niger (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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