Nigeria: Piper Pepper Market Overview 2021

Piper Pepper Market Size in Nigeria

The Nigerien piper pepper market expanded sharply to $X in 2020, 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). Over the period under review, consumption showed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Piper pepper consumption peaked in 2020 and is likely to continue growth in the near future.

Piper Pepper Exports

Exports from Nigeria

Piper pepper exports from Nigeria declined to X tonnes in 2020, waning by -X% compared with the year before. Overall, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

In value terms, piper pepper exports dropped to $X in 2020. In general, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

Exports by Country

The UK (X tonnes), Spain (X tonnes) and the United Arab Emirates (X tonnes) were the main destinations of piper pepper exports from Nigeria, together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in the United Arab Emirates (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the UK ($X) and the United Arab Emirates ($X) constituted the largest markets for piper pepper exported from Nigeria worldwide, with a combined X% share of total exports.

Among the main countries of destination, the United Arab Emirates (+X% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average piper pepper export price amounted to $X per tonne, which is down by -X% against the previous year. Over the period under review, the export price showed a perceptible reduction. The growth pace was the most rapid in 2017 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the maximum at $X per tonne in 2015; however, from 2016 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Spain ($X per tonne), while the average price for exports to South Africa ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced a decline.

Piper Pepper Imports

Imports into Nigeria

In 2020, purchases abroad of piper pepper increased by X% to X tonnes, rising for the second year in a row after three years of decline. Over the period under review, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of X% year-to-year. Over the period under review, imports attained the maximum in 2020 and are likely to see gradual growth in the near future.

In value terms, piper pepper imports reached $X in 2020. Overall, imports recorded strong growth. The growth pace was the most rapid in 2019 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the immediate term.

Imports by Country

India (X tonnes), China (X tonnes) and Viet Nam (X tonnes) were the main suppliers of piper pepper imports to Nigeria, together comprising X% of total imports. France, Spain and Germany lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest piper pepper suppliers to Nigeria were France ($X), India ($X) and China ($X), with a combined X% share of total imports. These countries were followed by Viet Nam, Germany and Spain, which together accounted for a further X (+X% per year) recorded the highest growth rate of the value of imports, in terms of 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 2020, the average piper pepper import price amounted to $X per tonne, falling by -X% against the previous year. Overall, the import price, however, continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2017; however, from 2018 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was France ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Viet Nam, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform