Nigeria: Market for Spices Except Pepper or Ginger 2024

Market Size for Spices Except Pepper or Ginger in Nigeria

The Nigerien market for spices except pepper or ginger soared to $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Spices except pepper or ginger consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Spices Except Pepper or Ginger in Nigeria

In value terms, spices except pepper or ginger production soared to $X in 2022 estimated in export price. Overall, production saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Spices except pepper or ginger production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

In 2022, the average yield of spices except pepper or ginger in Nigeria contracted to X tons per ha, almost unchanged from 2021 figures. Over the period under review, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the yield increased by X% against the previous year. The spices except pepper or ginger yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield stood 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.

The spices except pepper or ginger harvested area in Nigeria totaled X ha in 2022, standing approx. at 2021. Overall, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. The spices except pepper or ginger harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Spices Except Pepper or Ginger

Exports from Nigeria

In 2022, exports of spices except pepper or ginger from Nigeria surged to X tons, picking up by X% compared with 2021 figures. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, spices except pepper or ginger exports skyrocketed to $X in 2022. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

India (X tons) was the main destination for spices except pepper or ginger exports from Nigeria, with a X% share of total exports. Moreover, spices except pepper or ginger exports to India exceeded the volume sent to the second major destination, Germany (X tons), sixfold. The third position in this ranking was held by South Sudan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and South Sudan (X% per year).

In value terms, India ($X) remains the key foreign market for spices except pepper or ginger exports from Nigeria, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with an X% share of total exports. It was followed by South Sudan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and South Sudan (X% per year).

Export Prices by Country

The average export price for spices except pepper or ginger stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, recorded a deep downturn. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spices Except Pepper or Ginger

Imports into Nigeria

In 2022, approx. X tons of spices except pepper or ginger were imported into Nigeria; growing by X% on the previous year's figure. Overall, imports showed a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, spices except pepper or ginger imports soared to $X in 2022. In general, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The UK (X tons), China (X tons) and India (X tons) were the main suppliers of spices except pepper or ginger imports to Nigeria, together comprising X% of total imports. France, Spain, Morocco and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), China ($X) and India ($X) appeared to be the largest spices except pepper or ginger suppliers to Nigeria, together comprising X% of total imports. Morocco, France, Spain and the United States lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 2022, the average import price for spices except pepper or ginger amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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