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Nigeria - Potato - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Potato Market Overview 2021

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Potato Market Size in Nigeria

In 2019, the Nigerien potato market decreased by -X% to $X for the first time since 2015, thus ending a three-year rising trend. Overall, consumption showed a perceptible setback. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.

Potato Production in Nigeria

In value terms, potato production contracted to $X in 2019 estimated in export prices. In general, production showed a deep slump. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2009 to 2019, production growth remained at a somewhat lower figure.

In 2019, the average yield of potatoes in Nigeria contracted to X tonnes per ha, remaining relatively unchanged against the previous year. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tonnes per ha. From 2009 to 2019, the growth of the average potato yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The potato harvested area in Nigeria was estimated at X ha in 2019, picking up by X% compared with the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 when the harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to potato production attained the maximum in 2019 and is likely to see steady growth in the immediate term.

Potato Exports

Exports from Nigeria

In 2019, approx. X tonnes of potatoes were exported from Nigeria; rising by X% on the previous year's figure. In general, exports enjoyed strong growth. The pace of growth was the most pronounced in 2012 when exports increased by X% y-o-y. Exports peaked in 2019 and are expected to retain growth in years to come.

In value terms, potato exports expanded modestly to $X in 2019. Overall, exports saw a tangible expansion. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. As a result, exports reached the peak of $X. From 2013 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Sweden (X tonnes) was the main destination for potato exports from Nigeria, accounting for a X% share of total exports. Moreover, potato exports to Sweden exceeded the volume sent to the second major destination, Cyprus (X tonnes), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+X% per year) and Austria (X% per year).

From 2007 to 2019, the average annual rate of growth in terms of value to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+X% per year) and Austria (X% per year).

Export Prices by Country

The average potato export price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the period under review, the export price saw a abrupt descent. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2009; however, from 2010 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Austria ($X per tonne), while the average price for exports to Sweden ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Sweden, while the prices for the other major destinations experienced mixed trend patterns.

Potato Imports

Imports into Nigeria

In 2019, after six years of decline, there was significant growth in purchases abroad of potatoes, when their volume increased by X% to X tonnes. Overall, imports saw moderate growth. Imports peaked at X tonnes in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

In value terms, potato imports surged to $X in 2019. In general, imports showed a resilient expansion. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, the UK (X tonnes) constituted the largest supplier of potato to Nigeria, with a X% share of total imports. Moreover, potato imports from the UK exceeded the figures recorded by the second-largest supplier, Morocco (X tonnes), threefold.

From 2007 to 2019, the average annual rate of growth in terms of volume from the UK amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (+X% per year) and Pakistan (X% per year).

In value terms, the UK ($X) constituted the largest supplier of potato to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by Morocco ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from the UK amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (-X% per year) and Pakistan (X% per year).

Import Prices by Country

The average potato import price stood at $X per tonne in 2019, picking up by X% against the previous year. Overall, the import price posted a notable expansion. The pace of growth appeared the most rapid in 2009 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per tonne in 2010; however, from 2011 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the UK ($X per tonne), while the price for Morocco ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potatoes in the world?
+
The countries with the highest volumes of potato consumption in 2019 were China (93M tonnes), India (51M tonnes) and Ukraine (23M tonnes), with a combined 44% share of global consumption. These countries were followed by Russia, the U.S., Bangladesh, Germany, Poland and Canada, which together accounted for a further 20%.
What are the largest producers of potatoes in the world?
+
The countries with the highest volumes of potato production in 2019 were China (93M tonnes), India (51M tonnes) and Ukraine (23M tonnes), together comprising 44% of global production. These countries were followed by Russia, the U.S., Bangladesh, Germany, France, Poland, the Netherlands, Canada and Belarus, which together accounted for a further 25%.
What are the leading suppliers of potatoes to Nigeria?
+
In value terms, the UK ($65K) constituted the largest supplier of potato to Nigeria, comprising 93% of total imports. The second position in the ranking was occupied by Morocco ($4K), with a 5.7% share of total imports.
What is the average export price for potatoes in Nigeria?
+
The average potato export price stood at $116 per tonne in 2019, waning by -14.5% against the previous year.
What is the average import price for potatoes in Nigeria?
+
In 2019, the average potato import price amounted to $523 per tonne, surging by 44% against the previous year.

Product coverage:
• FCL 116 - Potatoes

This report provides an in-depth analysis of the potato market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Nigeria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Nigeria
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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