Nigeria: Potato Market Overview 2020

Potato Market Size in Nigeria

The revenue of the potato market in Nigeria amounted to $X in 2018, surging by X% against the previous year. Over the period under review, the total market indicated a noticeable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, potato consumption increased by +X% against 2014 indices. The growth pace was the most rapid in 2018 when the market value increased by X% against the previous year. In that year, the potato market reached its peak level and is likely to continue its growth in the immediate term.

Potato Production in Nigeria

In value terms, potato production amounted to $X in 2018 estimated in export prices. Overall, the total output indicated a tangible expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, potato production increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. In that year, potato production reached its peak level and is likely to continue its growth in the immediate term.

In 2018, the average potato yield in Nigeria totaled X tonne per ha, picking up by X% against the previous year. Over the period under review, the potato yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, the average potato yield reached its peak level of X tonne per ha. From 2009 to 2018, the growth of the average potato yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the harvested area of potatoes in Nigeria amounted to X ha, growing by X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to potato production reached its maximum in 2018 and is likely to see steady growth in the near future.

Potato Exports

Exports from Nigeria

In 2018, the amount of potatoes exported from Nigeria stood at X tonnes, surging by X% against the previous year. Overall, potato exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% year-to-year. In that year, potato exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, potato exports amounted to $X in 2018. Over the period under review, potato exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. In that year, potato exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

Niger (X tonnes) was the main destination for potato exports from Nigeria, accounting for a approx. X% share of total exports.

From 2007 to 2018, the average annual growth rate of volume to Niger amounted to +X%.

In value terms, Niger ($X) also remains the key foreign market for potato exports from Nigeria.

From 2007 to 2018, the average annual growth rate of value to Niger stood at +X%.

Export Prices by Country

In 2018, the average potato export price amounted to $X per tonne, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. In that year, the average export prices for potatoes reached their peak level and is likely to continue its growth in the immediate term.

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

From 2007 to 2018, the rate of growth in terms of prices for Niger amounted to +X% per year.

Potato Imports

Imports into Nigeria

In 2018, the imports of potatoes into Nigeria amounted to X tonnes, growing by X% against the previous year. Overall, potato imports continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, potato imports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, potato imports amounted to $X in 2018. Over the period under review, potato imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. In that year, potato imports attained their peak of $X. From 2013 to 2018, the growth of potato imports failed to regain its momentum.

Imports by Country

In 2018, the UK (X tonnes) constituted the largest potato supplier to Nigeria, with a X% share of total imports. Moreover, potato imports from the UK exceeded the figures recorded by the second-largest supplier, Thailand (X tonnes), sevenfold. China (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, 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: Thailand (+X% per year) and China (+X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value from the UK amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Barbados (+X% per year) and Thailand (+X% per year).

Import Prices by Country

The average potato import price stood at $X per tonne in 2018, rising by X% against the previous year. In general, the potato import price, however, continues to indicate a drastic slump. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. The import price peaked at $X per tonne in 2009; however, from 2010 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Barbados ($X per tonne), while the price for Mauritius ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform