Earlier Report Observations
Nigeria's copra market entered a downward trend after 2019, with total volume falling by over 13% in 2020 to 14 845 t. The decline accelerated the following year, bringing the market size down to 12 000 t in 2021, a drop of nearly 30% compared to the 2018-2019 average.
This lower production level became the new baseline, as the market showed no recovery or further contraction in 2022 and 2023, remaining steady at 12 000 t per year.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Nigeria
- 5.1.1. Annual dynamics of production in Nigeria in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Nigeria in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Nigeria
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6. Trade balance
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6.1. Trade balance (Direct Data)
- 6.1.1. In kind, kg
- 6.1.2. In value, $ US
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6.2. Trade balance (Mirror Data)
- 6.2.1. In kind, kg
- 6.2.2. In value, $ US
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6.1. Trade balance (Direct Data)
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7. Top buying and selling countries, 2018-2024
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7.1. Direct Data
- 7.1.1. Import in Value by Countries-buyers
- 7.1.2. Export in Value by Countries-suppliers
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7.2. Mirror Data
- 7.2.1. Import in Value by Countries-buyers
- 7.2.2. Export in Value by Countries-suppliers
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7.1. Direct Data
Production copra in Nigeria
In kind, 2017-2020, t
From 2017 to 2020, Nigeria ranked as the 18th largest producer of copra globally.
Top producers of copra, 2017-2020
World map of production of copra, 2017-2020
Following two consecutive years of growth, Nigeria's copra production volume experienced a decline. In 2020, production reached 14 845 tonnes, representing a 13.0% decrease compared to 2019. Over the 2017-2020 period, overall production fell by 2.3%, with a compound annual growth rate of 0.8%. The peak production level was recorded in 2019 at 17 058 tonnes, while the most significant year-over-year increase occurred in 2018 with an 11.9% rise.
Annual dynamics of production in Nigeria in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 11.9% | 0.4% | (13.0%) | (0.8%) |
Exports copra from Nigeria
Market analysis indicates that Nigeria did not export any copra between 2017 and 2020.
Imports copra to Nigeria
Imports in kind, kg
Annual dynamics of product's imports to Nigeria in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
Structure of product's imports in kind by countries, 2017-2020
Imports in value, $ US
Annual dynamics of product's imports to Nigeria in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
During the 2017-2020 period, the United States consistently served as the primary and nearly exclusive source for Nigeria's copra imports in value terms, accounting for 100.0% of the total.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Nigeria in value, 2017-2020
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