Nigeria: Durum Wheat Market 2024

Durum Wheat Market Size in Nigeria

In 2022, the Nigerien durum wheat market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, saw significant growth. Durum wheat consumption peaked at $X in 2021, and then declined remarkably in the following year.

Durum Wheat Production in Nigeria

In value terms, durum wheat production dropped markedly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

The average yield of durum wheat in Nigeria shrank to X tons per ha in 2022, waning by X% compared with 2021 figures. Overall, the yield indicated a moderate increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, durum wheat yield increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. The durum wheat yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The durum wheat harvested area in Nigeria declined slightly to X ha in 2022, approximately mirroring 2021. In general, the harvested area showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X%. The durum wheat harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Durum Wheat Exports

Exports from Nigeria

In 2022, the amount of durum wheat exported from Nigeria amounted to X tons, leveling off at 2021 figures. In general, exports continue to indicate a sharp downturn. The smallest decline of X% was in 2016. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, durum wheat exports totaled $X in 2022. Overall, exports showed a dramatic contraction. The smallest decline of X% was in 2016. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Ghana (X tons) was the main destination for durum wheat exports from Nigeria, accounting for a approx. X% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to Ghana was relatively modest.

From 2013 to 2022, the average annual growth rate of value to Ghana was relatively modest.

Export Prices by Country

In 2022, the average durum wheat export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price showed a deep reduction. The pace of growth was the most pronounced in 2016 when the average export price decreased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for Ghana amounted to X% per year.

Durum Wheat Imports

Imports into Nigeria

In 2022, purchases abroad of durum wheat decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, durum wheat imports reduced notably to $X in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at $X in 2021, and then contracted markedly in the following year.

Imports by Country

Canada (X tons), the United States (X tons) and Poland (X tons) were the main suppliers of durum wheat imports to Nigeria, together comprising X% of total imports. Lithuania, Latvia, Argentina, Australia, Germany and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Lithuania ($X) and Latvia ($X) constituted the largest durum wheat suppliers to Nigeria, with a combined X% share of total imports. Argentina, Canada, Poland, Russia, Germany and Australia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Australia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average durum wheat import price amounted to $X per ton, stabilizing at the previous year. In general, the import price, however, showed a strong increase. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then contracted modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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