| Product Code: ETC8626061 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria continued to rely on grain imports with the UAE, Poland, Argentina, Latvia, and Canada being the top exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The impressive Compound Annual Growth Rate (CAGR) of 12.36% from 2020 to 2024 highlights the increasing demand for grains in Nigeria. Moreover, the substantial growth rate of 87.54% from 2023 to 2024 suggests a significant surge in import shipments, emphasizing the country`s dependence on foreign grain sources to meet domestic needs.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Grains Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Grains Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Grains Market - Industry Life Cycle |
3.4 Nigeria Grains Market - Porter's Five Forces |
3.5 Nigeria Grains Market Revenues & Volume Share, By Crop Type, 2021 & 2031F |
4 Nigeria Grains Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Nigeria Grains Market Trends |
6 Nigeria Grains Market, By Types |
6.1 Nigeria Grains Market, By Crop Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Grains Market Revenues & Volume, By Crop Type, 2021- 2031F |
6.1.3 Nigeria Grains Market Revenues & Volume, By Maize, 2021- 2031F |
6.1.4 Nigeria Grains Market Revenues & Volume, By Millet, 2021- 2031F |
6.1.5 Nigeria Grains Market Revenues & Volume, By Sorghum, 2021- 2031F |
6.1.6 Nigeria Grains Market Revenues & Volume, By Rice, 2021- 2031F |
7 Nigeria Grains Market Import-Export Trade Statistics |
7.1 Nigeria Grains Market Export to Major Countries |
7.2 Nigeria Grains Market Imports from Major Countries |
8 Nigeria Grains Market Key Performance Indicators |
9 Nigeria Grains Market - Opportunity Assessment |
9.1 Nigeria Grains Market Opportunity Assessment, By Crop Type, 2021 & 2031F |
10 Nigeria Grains Market - Competitive Landscape |
10.1 Nigeria Grains Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Grains Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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