Nigeria - Chilies and Peppers (Green) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNigeria: Chili And Pepper Market 2024
Chili And Pepper Market Size in Nigeria
The Nigerien chili and pepper market expanded to $X in 2023, growing by X% against the previous year. In general, consumption, however, saw a slight shrinkage. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.
Chili And Pepper Production in Nigeria
In value terms, chili and pepper production rose rapidly to $X in 2023 estimated in export price. Overall, production showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Chili and pepper production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.
The average yield of chilies and peppers (green) in Nigeria stood at X tons per ha in 2023, leveling off at 2022 figures. Over the period under review, the yield, however, saw a relatively flat trend pattern. Over the period under review, the average chili and pepper yield reached the maximum level at X tons per ha in 2012; however, from 2013 to 2023, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2023, the total area harvested in terms of chilies and peppers (green) production in Nigeria declined slightly to X ha, remaining constant against 2022. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to chili and pepper production attained the maximum at X ha in 2022, and then fell slightly in the following year.
Chili And Pepper Exports
Exports from Nigeria
In 2023, shipments abroad of chilies and peppers (green) decreased by X% to X tons, falling for the third consecutive year after five years of growth. Overall, exports showed a abrupt curtailment. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.
In value terms, chili and pepper exports shrank dramatically to $X in 2023. Over the period under review, exports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2022, and then reduced notably in the following year.
Exports by Country
Benin (X tons) was the main destination for chili and pepper exports from Nigeria, accounting for a X% share of total exports. Moreover, chili and pepper exports to Benin exceeded the volume sent to the second major destination, the UK (X tons), ninefold.
From 2012 to 2023, the average annual rate of growth in terms of volume to Benin amounted to X%.
In value terms, the largest markets for chili and pepper exported from Nigeria were the UK ($X) and Benin ($X).
Benin, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.
Export Prices by Country
In 2023, the average chili and pepper export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price showed a tangible increase. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Benin stood at $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Niger (X%), while the prices for the other major destinations experienced a decline.
Chili And Pepper Imports
Imports into Nigeria
In 2023, the amount of chilies and peppers (green) imported into Nigeria skyrocketed to X tons, increasing by X% compared with 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2023 and are likely to see steady growth in the immediate term.
In value terms, chili and pepper imports soared to $X in 2023. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are likely to see gradual growth in the immediate term.
Imports by Country
China (X tons) and the UK (X tons) were the main suppliers of chili and pepper imports to Nigeria.
From 2013 to 2023, the biggest increases were recorded for China (with a CAGR of X.1%).
In value terms, China ($X) and the UK ($X) were the largest chili and pepper suppliers to Nigeria.
In terms of the main suppliers, China, with a CAGR of X.9%, saw the highest growth rate of the value of imports, over the period under review.
Import Prices by Country
In 2023, the average chili and pepper import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2022 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while the price for the UK stood at $X per ton.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).
Source: IndexBox Platform
This report provides an in-depth analysis of the chili and pepper market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 401 - Chillies and peppers (green)
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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