Market research

Cocoa powder and cake market in Nigeria

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The volume of Nigeria's cocoa powder and cake market contracted substantially from 9 813 t in 2018 to 4 213 t in 2023, a decline of over 50% across the six-year period.

Market volume showed considerable fluctuation, with a sharp recovery to 10 501 t in 2020 interrupting the downward trend. However, from 2021 onward, the market entered a phase of consistent contraction, with the most severe drop occurring in 2023.

Changes in domestic production and export volumes were key drivers behind these swings, as increased shipments abroad in the latter years reduced the quantity available for local consumption.

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, 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, 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, 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. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Nigeria in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Nigeria by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Nigeria in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Nigeria by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Nigeria, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Nigeria by countries, 2018-2024, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Nigeria in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Nigeria by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Nigeria in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Nigeria by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Nigeria, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Nigeria by countries, 2018-2024, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Nigeria in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Nigeria by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Nigeria in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Nigeria by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Nigeria, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Nigeria by countries, 2018-2024, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Nigeria in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Nigeria by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Nigeria in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Nigeria by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Nigeria, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Nigeria by countries, 2018-2024, $ US/kg
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 cocoa powder and cake in Nigeria

In kind, 2017-2020, t

Globally, Nigeria ranked as the 23rd largest producer of cocoa powder and cake between 2017 and 2020.

Top producers of cocoa powder and cake, 2017-2020

Source: SHEV.io

World map of production of cocoa powder and cake, 2017-2020

Source: SHEV.io

Nigeria's production of cocoa powder and cake declined for the second year in a row. In 2020, the country produced 11 330 tonnes, marking a 17.9% decrease from the previous year. Over the 2017-2020 period, production fell by 23.8%, with an average annual decline of 8.7%. The highest output was recorded in 2018 at 15 397 tonnes, which also saw the largest annual increase of 3.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.6%	(10.3%)	(17.9%)	(8.7%)

Source: SHEV.io

Exports cocoa powder and cake from Nigeria

Exports in kind, t

Exports of cocoa powder and cake from Nigeria showed significant fluctuations during this period. In 2017, exports hit their lowest point, rising to a peak in 2018, with a 14.3-fold difference between these years. In 2020, Nigeria exported 833 tonnes, an 85.0% drop compared to 2019. The maximum export volume was recorded in 2018 at 5 586 tonnes, which also experienced the largest annual increase of 1 333.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1 333.5%	(0.6%)	(85.0%)	28.8%

Source: SHEV.io

From 2017 to 2020, Spain, the Netherlands, and Germany were the top buyers of Nigerian cocoa powder and cake, accounting for 48.3%, 26.1%, and 7.4% of exports in volume, respectively. Together, they made up 81.8% of total exports.

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

Export values for cocoa powder and cake in Nigeria displayed notable volatility. They reached their lowest point in 2017 and peaked in 2019, with an 8.2-fold difference between these years. In 2020, exports totaled 1 697 thousand US dollars, a 78.5% decrease from the previous year. The highest value was recorded in 2019 at 7 893 thousand US dollars, while the largest annual increase occurred in 2018 at 509.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	509.4%	34.6%	(78.5%)	20.8%

Source: SHEV.io

Between 2017 and 2020, Spain, the Netherlands, and Germany led as the top buyers by value, with shares of 33.4%, 32.5%, and 10.1% of total exports, respectively. Their combined share accounted for 76.1% of export value.

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 cocoa powder and cake to Nigeria

Imports in kind, t

Imports of cocoa powder and cake into Nigeria were volatile over the observed period. They peaked in 2017 and fell to their lowest in 2018, showing a 4.8-fold gap. In 2020, imports totaled 3 tonnes, down 33.2% from the previous year. The minimum volume was recorded in 2018 at 2 tonnes, with the largest annual decline of 79.1% that year and the largest increase of 157.5% in 2019.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(79.1%)	157.5%	(33.2%)	(28.9%)

Source: SHEV.io

From 2017 to 2020, Malaysia, China, and Lebanon were the main sources of imports by volume, with shares of 28.9%, 28.4%, and 25.3%, respectively. Together, they comprised 82.6% of total imports.

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

Import values for cocoa powder and cake in Nigeria showed an unstable trend. They peaked in 2017 and dropped to their lowest in 2019, with a 27-fold fluctuation. In 2020, imports amounted to 2 thousand US dollars, a 121.5% increase from the year before. The minimum value was recorded in 2019 at 1 thousand US dollars, while the largest annual decline of 91.5% occurred in 2018.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(91.5%)	(56.8%)	121.5%	(56.7%)

Source: SHEV.io

Over the 2017-2020 period, Malaysia and China dominated imports by value, together capturing 90.2% of the total, with the remainder spread thinly across other markets.

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