Nigeria Peanuts Market - Forecast(2024 - 2030)

Nigeria Peanut Market research report is an infographic report covering supply, demand and trade statistics for Peanut, both in volume and value. This report looks at the industry state between 2016-2021 and the forecast till 2027. The report also covers trade pricing, patents, university-level research, new product developments and future growth opportunities.

1. The Production, Import Export/Trade statistics for Peanut between 2016-2021.

2. Historical demand for Peanut from 2016-2021 and forecast to 2027.

3. Investment, projects, and R&D initiatives done between 2016 and 2021.

4. Patenting scenario covering patents filed, published, and granted between 2016-2021.

5. Research framework based on the assessment of 7 Pillars - Supply, Demand, Trade, Patents, and Macro-environment factors.

A. The production volume of Peanut in 2021 stood at 2508 Th Metric Tons.

B. Import volume decreased from 0.3 Th Metric Tons in 2016 to 0.02 Th Metric Tons in 2021.

C. The demand was 4228 Th Metric Tons in 2021.

D. US Exported more than 81% of Peanut to Nigeria in 2021.

E. Benue, Kaduna and Kano regions accounted for the majority of the Peanut production.

F. The average yield per acre from 2016 to 2021 stood at 471 KG/ACRE

G. Since 2016 total Peanut acreage in Nigeria has increased by 22% from 8.5 million acres to 10.4 million acres in 2021.

a) What was Nigeria’s Peanut market size in 2021?

Ans: The demand was 4228 Th Metric Tons in 2021.

b) Where does Nigeria Import Peanut from?

Ans: The majority of imports come from the US, China, Chad, Cameroon and India.

c) Which are the major local universities/ research institutes involved in R&D?

Ans: Babcock University, Landmark University and University of Ibadan are actively involved in R&D.