Agricultural Products in Nigeria

Agricultural Products in Nigeria

Summary

Agricultural Products in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The agricultural products industry is segmented into cereals, oil crops, sugar, roots & tubers, vegetables, fruit, and others.
  • The Nigerian agricultural products market recorded revenues of $35.3 billion in 2023, representing a negative compound annual growth rate (CAGR) of 5.2% between 2018 and 2023.
  • Market production volume increased with a CAGR of 1.5% between 2018 and 2023, to reach a total of 103.9 million tonnes in 2023.
  • According to GlobalData, in 2023, the production volume of agricultural products in the country grew 1.9% annually due to the expansion of the total harvested area. According to the Food and Agriculture Organization of the United Nations, in 2023, the tot
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the agricultural products market in Nigeria
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the agricultural products market in Nigeria
  • Leading company profiles reveal details of key agricultural products market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria agricultural products market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the Nigeria agricultural products market by value in 2023?
  • What will be the size of the Nigeria agricultural products market in 2028?
  • What factors are affecting the strength of competition in the Nigeria agricultural products market?
  • How has the market performed over the last five years?
  • Who are the top competitors in Nigeria's agricultural products market?


1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strengths of the leading players?
7.3. What strategies do the leading players follow?
8 Company Profiles
8.1. Wilmar International Ltd
8.2. SD Guthrie Bhd
8.3. Sarawak Oil Palms Bhd
8.4. FGV Holdings Bhd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Nigeria agricultural products market value: $ billion, 2018-23
Table 2: Nigeria agricultural products market volume: million tonnes, 2018-23
Table 3: Nigeria agricultural products market category segmentation: % share, by value, 2018-23
Table 4: Nigeria agricultural products market category segmentation: $ billion, 2018-23
Table 5: Nigeria agricultural products market geography segmentation: $ billion, 2023
Table 6: Nigeria agricultural products market value forecast: $ billion, 2023-28
Table 7: Nigeria agricultural products market volume forecast: million tonnes, 2023-28
Table 8: Wilmar International Ltd: Key Facts
Table 9: Wilmar International Ltd: Annual Financial Ratios
Table 10: Wilmar International Ltd: Key Employees
Table 11: Wilmar International Ltd: Key Employees Continued
Table 12: SD Guthrie Bhd: Key Facts
Table 13: SD Guthrie Bhd: Annual Financial Ratios
Table 14: SD Guthrie Bhd: Key Employees
Table 15: Sarawak Oil Palms Bhd: Key Facts
Table 16: Sarawak Oil Palms Bhd: Annual Financial Ratios
Table 17: Sarawak Oil Palms Bhd: Key Employees
Table 18: FGV Holdings Bhd: Key Facts
Table 19: FGV Holdings Bhd: Annual Financial Ratios
Table 20: FGV Holdings Bhd: Key Employees
Table 21: Nigeria Size of Population (million), 2019-23
Table 22: Nigeria Real GDP (Constant 2010 Prices, $ Billion), 2019-23
Table 23: Nigeria GDP (Current Prices, $ Billion), 2019-23
Table 24: Nigeria Inflation, 2019-23
Table 25: Nigeria Consumer Price Index (Absolute), 2019-23
Table 26: Nigeria Exchange Rate, 2018-23
List of Figures
Figure 1: Nigeria agricultural products market value: $ billion, 2018-23
Figure 2: Nigeria agricultural products market volume: million tonnes, 2018-23
Figure 3: Nigeria agricultural products market category segmentation: $ billion, 2018-23
Figure 4: Nigeria agricultural products market geography segmentation: % share, by value, 2023
Figure 5: Nigeria agricultural products market value forecast: $ billion, 2023-28
Figure 6: Nigeria agricultural products market volume forecast: million tonnes, 2023-28
Figure 7: Forces driving competition in the agricultural products market in Nigeria, 2023
Figure 8: Drivers of buyer power in the agricultural products market in Nigeria, 2023
Figure 9: Drivers of supplier power in the agricultural products market in Nigeria, 2023
Figure 10: Factors influencing the likelihood of new entrants in the agricultural products market in Nigeria, 2023
Figure 11: Factors influencing the threat of substitutes in the agricultural products market in Nigeria, 2023
Figure 12: Drivers of degree of rivalry in the agricultural products market in Nigeria, 2023

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