Nigeria: Dry Peas Market 2022

Dry Peas Market Size in Nigeria

After three years of decline, the Nigerien dry peas market increased by X% to $X in 2021. Over the period under review, consumption showed a significant expansion. Dry peas consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Dry Peas Exports

Exports from Nigeria

After two years of growth, shipments abroad of peas (dry) decreased by -X% to X tonnes in 2021. Over the period under review, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tonnes in 2020, and then dropped rapidly in the following year.

In value terms, dry peas exports reduced dramatically to $X in 2021. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, the exports attained the peak figure at $X in 2020, and then dropped remarkably in the following year.

Exports by Country

Canada (X tonnes), the United States (X tonnes) and South Africa (X kg) were the main destinations of dry peas exports from Nigeria, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (+X%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for dry peas exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by the United States ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Canada totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and South Africa (+X% per year).

Export Prices by Country

In 2021, the average dry peas export price amounted to $X per tonne, which is down by -X% against the previous year. Overall, the export price, however, enjoyed a prominent increase. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per tonne, and then shrank dramatically in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($X per tonne), while the average price for exports to South Africa ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+X%), while the prices for the other major destinations experienced a decline.

Dry Peas Imports

Imports into Nigeria

In 2021, purchases abroad of peas (dry) was finally on the rise to reach X tonnes for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, dry peas imports skyrocketed to $X in 2021. In general, imports saw significant growth. The pace of growth was the most pronounced in 2016 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tonnes) constituted the largest supplier of dry peas to Nigeria, accounting for a X% share of total imports. Moreover, dry peas imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X tonnes), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+X% per year) and the UK (+X% per year).

In value terms, China ($X) constituted the largest supplier of dry peas to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by the UK ($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: the UK (+X% per year) and South Africa (+X% per year).

Import Prices by Country

In 2021, the average dry peas import price amounted to $X per tonne, increasing by X% against the previous year. In general, the import price, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($X per tonne), while the price for South Africa ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform