Nigeria - Coffee (Green) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGreen Coffee Price in Nigeria - 2022
Contents:
- Green Coffee Price in Nigeria (CIF) - 2022
- Green Coffee Price in Nigeria (FOB) - 2022
- Green Coffee Imports in Nigeria
- Green Coffee Exports in Nigeria
Green Coffee Price in Nigeria (CIF) - 2022
In 2022, the average green coffee import price amounted to $3,664 per ton, rising by 21% against the previous year. Overall, the import price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 90% against the previous year. Over the period under review, average import prices hit record highs at $3,799 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Niger ($8,334 per ton), while the price for the UK ($1,201 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (+37.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Green Coffee Price in Nigeria (FOB) - 2022
The average green coffee export price stood at $2,269 per ton in 2022, falling by -20.8% against the previous year. Overall, the export price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2015 when the average export price increased by 70% against the previous year. As a result, the export price reached the peak level of $4,887 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($6,939 per ton), while the average price for exports to the Netherlands ($1,356 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 Turkey (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.
Green Coffee Imports in Nigeria
In 2022, supplies from abroad of coffee (green) decreased by -17.5% to 498 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 177%. As a result, imports attained the peak of 640 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, green coffee imports contracted modestly to $1.8M in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 170%.
| Import of Green Coffee in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 190 | 790 | 907 | 977 | 72.6% |
| China | 156 | 287 | 246 | 303 | 24.8% |
| Niger | 6.8 | 43.7 | 106 | 114 | 155.9% |
| Malaysia | 7.3 | 4.3 | 96.8 | 104 | 142.4% |
| Lebanon | 2.1 | 18.5 | 46.0 | 49.5 | 186.7% |
| United Arab Emirates | 10.5 | 25.6 | 26.6 | 28.6 | 39.7% |
| United Kingdom | 4.7 | 10.7 | 26.1 | 28.1 | 81.5% |
| Others | 128 | 185 | 371 | 219 | 19.6% |
| Total | 505 | 1,365 | 1,826 | 1,823 | 53.4% |
Top Suppliers of Green Coffee to Nigeria in 2022:
- India (253.0 tons)
- China (122.7 tons)
- Malaysia (26.4 tons)
- United Kingdom (23.4 tons)
- Lebanon (16.9 tons)
- United Arab Emirates (14.4 tons)
- Niger (13.7 tons)
Green Coffee Exports in Nigeria
In 2022, the amount of coffee (green) exported from Nigeria was estimated at 85 tons, growing by 14% on the previous year's figure. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 49% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, green coffee exports contracted to $192K in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 32%.
| Export of Green Coffee in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 16.6 | 84.6 | 139 | 121 | 93.9% |
| United States | 14.0 | 9.9 | 16.3 | 14.1 | 0.2% |
| United Arab Emirates | 18.1 | 9.7 | 16.0 | 13.9 | -8.4% |
| Sudan | 6.8 | 3.2 | 15.0 | 13.0 | 24.1% |
| Vietnam | 30.9 | 9.3 | 3.9 | 9.5 | -32.5% |
| Netherlands | 20.5 | 3.2 | 1.6 | 1.3 | -60.1% |
| Indonesia | N/A | 44.1 | N/A | N/A | 0% |
| Others | 23.2 | 7.6 | 21.1 | 19.5 | -5.6% |
| Total | 130 | 172 | 213 | 192 | 13.9% |
Top Export Markets for Green Coffee from Nigeria in 2022:
- India (62.2 tons)
- Sudan (6.8 tons)
- Vietnam (6.4 tons)
- United Arab Emirates (3.0 tons)
- United States (2.0 tons)
- Netherlands (1.0 tons)
This report provides an in-depth analysis of the green coffee 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 656 - Coffee 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
-
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
1098
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Coffee prices remain highly volatile. In 2022, the average annual price for Arabica is forecast to decline thanks to expected production growth, while Robusta price will go up on skyrocketed demand from consumers, preferring cheaper alternatives to more expensive counterparts.
739
Global prices for coffee have skyrocketed to a seven-year high, driven by fears of a significant reduction in production in Brazil due to freezes and the depletion of global stocks. Further growth in prices for the product will be stimulated by the reduction in production in other leading supplying countries such as Honduras and Indonesia, coupled with increased freight costs. A decrease in coffee production will lead to a fall in global exports by -4% y-o-y, which could lead to local imbalances in supply and demand and drive up consumer prices in key European and American markets.
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Coffee yield figures remained robust in 2020 and coffee bean exports increased, despite the disruption to supply chains caused by the Coronavirus restrictions. Home coffee consumption surged, thereby helping to offset the slump in sales following the closure of the HoReCa segment. Average coffee prices remained growing gradually through to Q1 2021.
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Global green coffee imports amounted to X thousand tons in 2015, jumping by +X% against the previous year level.
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