Nigeria - Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights

Nigeria: Dry Peas Market Overview 2019

Dry Peas Market Size in Nigeria

The revenue of the dry peas market in Nigeria amounted to $X in 2017, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, dry peas consumption continues to indicate a skyrocketing expansion. The pace of growth appeared the most rapid in 2016, with an increase of X% year-to-year. The dry peas consumption peaked in 2017, and is likely to see steady growth in the immediate term.

Dry Peas Exports

Exports from Nigeria

In 2017, dry peas exports from Nigeria amounted to X tonnes, dropping by -X% against the previous year. Overall, dry peas exports continue to indicate a temperate growth. The growth pace was the most rapid in 2015, when it surged by X% year-to-year. In that year, the dry peas exports attained their peak volume of X tonnes. From 2016 to 2017, growth of the dry peas exports failed to regain its momentum.

In value terms, dry peas exports amounted to $X in 2017. In general, dry peas exports continue to indicate a measured increase. In that year, the dry peas exports reached their peak level of $X. From 2016 to 2017, growth of the dry peas exports failed to regain its momentum.

Exports by Country

The U.S. (X tonnes) was the main destination of dry peas exports from Nigeria, accounting for X% share of total exports. Moreover, dry peas exports to the U.S. exceeded the volume sent to the second major destination, the UK (X tonnes), sixfold.

From 2007 to 2017, the average annual rate of growth in terms of volume to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and South Africa (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for dry peas exports from Nigeria, making up X% of total dry peas exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports.

From 2007 to 2017, the average annual growth rate of value to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and South Africa (+X% per year).

Export Prices by Country

In 2017, the average dry peas export price amounted to $X per tonne, going down by -X% against the previous year. In general, dry peas export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, an increase of X% year-to-year. In that year, the average export prices for peas (dry) reached their peak level of $X per tonne. From 2015 to 2017, growth of the average export prices for peas (dry) stood at a somewhat lower level.

Export prices varied noticeably by the country of origin; the country with the highest export price was the UK ($X per tonne), while average price for exports to South Africa ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to the U.S. (+X% per year), the export prices for other major destinations experienced mixed trend patterns.

Dry Peas Imports

Imports into Nigeria

In 2017, the amount of peas (dry) imported into Nigeria stood at X tonnes, declining by -X% against the previous year. In general, dry peas imports continue to indicate a skyrocketing increase. The growth pace was the most rapid in 2016, when it surged by X% against the previous year. In that year, the dry peas imports reached their peak volume of X tonnes, and then declined slightly in the following year.

In value terms, dry peas imports stood at $X in 2017. In general, dry peas imports continue to indicate an outstanding increase. The imports peaked in 2017, and are expected to retain its growth in the near future.

Imports by Country

The UK (X tonnes), China (X tonnes) and Lebanon (X tonnes) were the main suppliers of dry peas imports to Nigeria, together accounting for X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by China (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), China ($X) and Lebanon ($X) appeared to be the largest dry peas suppliers to Nigeria, with a combined X% share of total imports.

Among the main suppliers, China (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the average dry peas import price amounted to $X per tonne, increasing by X% against the previous year. In general, dry peas import price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2013, when the average import price increased by X% against the previous year. In that year, the average import prices for peas (dry) reached their peak level of $X per tonne. From 2014 to 2017, growth of the average import prices for peas (dry) stood at a somewhat lower level.

Import prices varied noticeably by the country of origin; the country with the highest import price was Lebanon ($X per tonne), while price for Australia ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the UK (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform