Nigeria: Potato Market Overview 2021

Potato Market Size in Nigeria

In 2020, after three years of growth, there was decline in the Nigerien potato market, when its value decreased by -X% to $X. Overall, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Potato Production in Nigeria

In value terms, potato production fell to $X in 2020 estimated in export prices. In general, production saw a deep slump. The pace of growth was the most pronounced in 2008 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2020, production remained at a lower figure.

In 2020, the average potato yield in Nigeria amounted to X tonnes per ha, leveling off at 2019 figures. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X% y-o-y. Over the period under review, the average potato yield hit record highs in 2020 and is likely to see steady growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the harvested area of potatoes in Nigeria expanded to X ha, growing by X% on the year before. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to potato production attained the peak figure in 2020 and is expected to retain growth in the immediate term.

Potato Exports

Exports from Nigeria

For the fourth consecutive year, Nigeria recorded decline in shipments abroad of potatoes, which decreased by -X% to X tonnes in 2020. In general, exports showed a significant curtailment. The pace of growth was the most pronounced in 2016 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, potato exports fell to $X in 2020. Over the period under review, exports faced a precipitous decrease. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Exports peaked at $X in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

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 2020, the average annual rate of growth in terms of volume to Niger stood at -X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value to Niger totaled -X%.

Export Prices by Country

The average potato export price stood at $X per tonne in 2020, which is down by -X% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2009 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. from 2010 to 2020, the growth in terms of the average export prices failed to regain the momentum.

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

From 2007 to 2020, the rate of growth in terms of prices for Niger amounted to +X% per year.

Potato Imports

Imports into Nigeria

Potato imports into Nigeria contracted to X tonnes in 2020, waning by -X% compared with the previous year's figure. Over the period under review, imports, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. As a result, imports attained the peak of X tonnes. from 2013 to 2020, the growth imports remained at a lower figure.

In value terms, potato imports surged to $X in 2020. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tonnes) constituted the largest supplier of potato to Nigeria, accounting for a X% share of total imports. Moreover, potato imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tonnes), ninefold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and Germany (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average potato import price stood at $X per tonne in 2020, with an increase of X% against the previous year. In general, the import price recorded a resilient increase. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per tonne in 2010; however, from 2011 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potatoes in the world?

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The countries with the highest volumes of potato consumption in 2020 were China (94M tonnes), India (52M tonnes) and Russia (22M tonnes), together comprising 44% of global consumption. These countries were followed by Ukraine, the U.S., Bangladesh, Germany, the Netherlands, France, Poland, Belgium and Belarus, which together accounted for a further 24%.

What are the largest producers of potatoes in the world?

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The countries with the highest volumes of potato production in 2020 were China (95M tonnes), India (53M tonnes) and Russia (22M tonnes), with a combined 45% share of global production. Ukraine, the U.S., Germany, Bangladesh, France, the Netherlands, Poland and Belarus lagged somewhat behind, together accounting for a further 23%.

What are the leading suppliers of potatoes to Nigeria?

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In value terms, China ($65K) constituted the largest supplier of potato to Nigeria, comprising 68% of total imports. The second position in the ranking was occupied by Thailand ($9.7K), with a 10% share of total imports. It was followed by Germany, with a 4.2% share.

What are the leading importers of potatoes from Nigeria?

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In value terms, Niger ($1.2K) remains the key foreign market for potato exports from Nigeria.

What is the average export price for potatoes in Nigeria?

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The average potato export price stood at $186 per tonne in 2020, waning by -11.2% against the previous year.

What is the average import price for potatoes in Nigeria?

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The average potato import price stood at $728 per tonne in 2020, rising by 45% against the previous year.