Market research

Bananas market in Nigeria

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

Nigerian banana production exhibited strong growth between 2018 and 2021, with output rising from 4.3 million tonnes to 7.4 million tonnes. This expansion of over 70% reflected a period of significant increase in market volume, driven entirely by domestic production as imports and exports were negligible.

The market entered a correction phase in 2022 and 2023, with production falling to 6.4 million tonnes. The notable decline in 2023 coincided with heightened consumer concerns over food safety, specifically the use of calcium carbide as a ripening agent, which likely restrained demand. During the same period, increased published guidance on establishing banana plantations signaled sustained investment interest in developing future production capacity.

By 2024, broader economic headwinds such as high inflation and reduced household purchasing power were pressuring fruit affordability, potentially limiting consumption growth. Simultaneously, documented research into value-added processing technologies, including spray-dried banana powder, indicated the emergence of new product segments within the industry.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Nigeria
  1. 5.1.1. Annual dynamics of production in Nigeria in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Nigeria in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Nigeria in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Nigeria by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Nigeria in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Nigeria by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Nigeria, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Nigeria by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Nigeria in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Nigeria by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Nigeria in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Nigeria by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Nigeria, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Nigeria by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Nigeria in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Nigeria by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Nigeria in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Nigeria by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Nigeria, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Nigeria by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Nigeria in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Nigeria by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Nigeria in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Nigeria by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Nigeria, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Nigeria by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production bananas in Nigeria

In kind, 2017-2020, K t

From 2017 to 2020, Nigeria maintained the 7th position globally in banana production volume.

Top producers of bananas, 2017-2020

Source: SHEV.io

World map of production of bananas, 2017-2020

Source: SHEV.io

Nigeria's banana production volume increased for the third consecutive year. In 2020, the country produced 5 584 K t of bananas, representing a 13.7% rise compared to the previous year. Over the 2017-2020 period, production grew by 43%, with a compound annual growth rate (CAGR) of 12.7%.

Annual dynamics of production in Nigeria in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	10.8%	13.5%	13.7%	12.7%

Source: SHEV.io

Exports bananas from Nigeria

Exports in kind, t

In 2020, Nigeria exported 16.4 t of bananas, which was 9.7% lower than the previous year.

Annual dynamics of product's exports from Nigeria in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	(9.7%)	-

Source: SHEV.io

Between 2017 and 2020, the Netherlands and Germany were the two key markets for Nigeria's banana exports in volume terms, together accounting for 100.0% of total flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Nigeria in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

In 2020, Nigeria's cross-border shipments of bananas were valued at 81.5 K $ US, marking a significant increase of 264.9% over the past year.

Annual dynamics of product's exports from Nigeria in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	264.9%	-

Source: SHEV.io

From 2017 to 2020, Germany (with 78.5% of total flows) and the Netherlands (21.5%) were the two dominant destinations for Nigeria's banana exports in value terms, together forming 100.0% of total flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Nigeria in value, 2017-2020

Source: SHEV.io

Imports bananas to Nigeria

Imports in kind, t

The market showed an unstable trend throughout the period. Imports reached their lowest point in 2020 at 50.0 t, a 75.1% drop from 2019, after peaking in 2018 at 522.3 t. The largest increase occurred in 2018, with a rise of 265.1%, resulting in a 10.4-fold variation between the high in 2018 and the low in 2020.

Annual dynamics of product's imports to Nigeria in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	265.1%	(61.5%)	(75.1%)	(29.6%)

Source: SHEV.io

Between 2017 and 2020, two countries—Cameroon and India—accounted for the majority of Nigeria's banana imports in volume terms, with a combined share of 99.7% of total flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Nigeria in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

In 2020, Nigeria's banana imports totaled 59.1 K $ US, reflecting a reduction of 58.5% compared to the previous year. From 2017 to 2020, imports decreased by 45.2%, equating to an annualized rate of 18.2%. The maximum value was recorded in 2019 at 142.5 K $ US, with the largest increase that year at 42.2%.

Annual dynamics of product's imports to Nigeria in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.0%)	42.2%	(58.5%)	(18.2%)

Source: SHEV.io

Over the 2017-2020 period, Cameroon was the key and nearly sole market for Nigeria's banana imports in value terms, accounting for 96.2% of total flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Nigeria in value, 2017-2020

Source: SHEV.io