Nigeria: Sweet Potato Market Overview 2020

Sweet Potato Market Size in Nigeria

The revenue of the sweet potato market in Nigeria amounted to $X in 2018, growing by X% against the previous year. Overall, sweet potato consumption continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. In that year, the sweet potato market attained its peak level and is likely to continue its growth in the immediate term.

Sweet Potato Production in Nigeria

In value terms, sweet potato production stood at $X in 2018 estimated in export prices. Overall, sweet potato production continues to indicate resilient growth. The pace of growth was the most pronounced in 2018 when production volume increased by X% y-o-y. In that year, sweet potato production reached its peak level and is likely to continue its growth in the immediate term.

In 2018, the average yield of sweet potato in Nigeria amounted to X tonne per ha, therefore, remained relatively stable against the previous year. Over the period under review, the sweet potato yield, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. In that year, the average sweet potato yield attained its peak level of X tonne per ha. From 2009 to 2018, 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 2018, approx. X ha of sweet potato were harvested in Nigeria; increasing 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 most prominent rate of growth was recorded in 2010 when harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to sweet potato production attained its maximum in 2018 and is likely to continue its growth in the near future.

Sweet Potato Exports

Exports from Nigeria

In 2018, the amount of sweet potato exported from Nigeria totaled X tonnes, going down by -X% against the previous year. In general, sweet potato exports continue to indicate an abrupt deduction. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, sweet potato exports reached their maximum at X tonnes in 2009; however, from 2010 to 2018, exports failed to regain their momentum.

In value terms, sweet potato exports amounted to $X in 2018. In general, sweet potato exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. In that year, sweet potato exports reached their peak of $X. From 2017 to 2018, the growth of sweet potato exports remained at a somewhat lower figure.

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 2018, 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 2018, the average annual growth rate of value to Niger was relatively modest.

Export Prices by Country

In 2018, the average sweet potato export price amounted to $X per tonne, growing by X% against the previous year. Overall, the sweet potato export price continues to indicate a strong expansion. The growth pace was the most rapid in 2018 an increase of X% y-o-y. In that year, the average export prices for sweet potato attained 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.

Sweet Potato Imports

Imports into Nigeria

Sweet potato imports into Nigeria amounted to X tonnes in 2018, growing by X% against the previous year. Overall, sweet potato imports continue to indicate an outstanding expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. Over the period under review, sweet potato imports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, sweet potato imports amounted to $X in 2018. Overall, sweet potato imports continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, sweet potato imports reached their maximum in 2018 and are likely to continue its growth in the near future.

Imports by Country

Belgium (X tonnes), Viet Nam (X tonnes) and the UK (X tonnes) were the main suppliers of sweet potato imports to Nigeria, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by the UK (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Viet Nam ($X) and the UK ($X) were the largest sweet potato suppliers to Nigeria, with a combined X% share of total imports.

Among the main suppliers, the UK (+X% per year) recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sweet potato import price stood at $X per tonne in 2018, falling by -X% against the previous year. In general, the sweet potato import price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% against the previous year. In that year, the average import prices for sweet potato attained their peak level of $X per tonne. From 2010 to 2018, the growth in terms of the average import prices for sweet potato failed to regain its momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform