Nigeria: Sweet Potato Market Overview 2021

Sweet Potato Market Size in Nigeria

In 2020, the Nigerien sweet potato market decreased by -X% to $X, falling for the second year in a row after eight years of growth. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2009 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Sweet Potato Production in Nigeria

In value terms, sweet potato production reduced to $X in 2020 estimated in export prices. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. from 2010 to 2020, production growth failed to regain the momentum.

In 2020, the average sweet potato yield in Nigeria reduced to X tonnes per ha, approximately mirroring the year before. In general, the yield recorded a mild slump. The most prominent rate of growth was recorded in 2008 when the yield increased by X% year-to-year. As a result, the yield attained the peak level of X tonnes per ha. from 2009 to 2020, the growth of the average sweet 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 2020, the total area harvested in terms of sweet potato production in Nigeria expanded to X ha, rising by X% against 2019 figures. In general, the total harvested area indicated a pronounced increase from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, sweet potato harvested area increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2010 when the harvested area increased by X% against the previous year. The sweet potato harvested area peaked in 2020 and is expected to retain growth in years to come.

Sweet Potato Exports

Exports from Nigeria

In 2020, approx. X tonnes of sweet potato were exported from Nigeria; jumping by X% on 2019 figures. In general, exports showed a tangible increase. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Exports peaked at X tonnes in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, sweet potato exports soared to $X in 2020. Over the period under review, exports recorded a tangible increase. The pace of growth was the most pronounced in 2016 when exports increased by X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

Niger (X tonnes) was the main destination for sweet 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 sweet 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

In 2020, the average sweet potato export price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the export price saw a noticeable reduction. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2017; however, from 2018 to 2020, export prices remained at a lower figure.

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.

Sweet Potato Imports

Imports into Nigeria

In 2020, overseas purchases of sweet potato increased by X% to X tonnes, rising for the eighth year in a row after five years of decline. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sweet potato imports surged to $X in 2020. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, the Netherlands (X tonnes) constituted the largest supplier of sweet potato to Nigeria, with a X% share of total imports. Moreover, sweet potato imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), fourfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Egypt (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from the Netherlands stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Egypt (+X% per year).

Import Prices by Country

In 2020, the average sweet potato import price amounted to $X per tonne, approximately reflecting the previous year. In general, the import price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. The import price peaked at $X per tonne in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while the price for Egypt ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sweet potato in the world?

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The country with the largest volume of sweet potato consumption was China (50M tonnes), comprising approx. 55% of total volume. Moreover, sweet potato consumption in China exceeded the figures recorded by the second-largest consumer, Malawi (6.2M tonnes), eightfold. Tanzania (4.3M tonnes) ranked third in terms of total consumption with a 4.7% share.

What are the largest producers of sweet potato in the world?

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China (50M tonnes) remains the largest sweet potato producing country worldwide, comprising approx. 55% of total volume. Moreover, sweet potato production in China exceeded the figures recorded by the second-largest producer, Malawi (6.2M tonnes), eightfold. Tanzania (4.3M tonnes) ranked third in terms of total production with a 4.7% share.

What are the leading suppliers of sweet potato to Nigeria?

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In value terms, the Netherlands ($201K) constituted the largest supplier of sweet potato to Nigeria, comprising 68% of total imports. The second position in the ranking was occupied by the U.S. ($67K), with a 23% share of total imports.

What are the leading importers of sweet potato from Nigeria?

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In value terms, Niger ($24K) remains the key foreign market for sweet potato exports from Nigeria.

What is the average export price for sweet potato in Nigeria?

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The average sweet potato export price stood at $686 per tonne in 2020, with a decrease of -16.1% against the previous year.

What is the average import price for sweet potato in Nigeria?

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In 2020, the average sweet potato import price amounted to $872 per tonne, almost unchanged from the previous year.