Bite-sized Insights about
Providing you with data-based insights about things happening around you.
Nigeria's cocoa production peaked in 2006 and has since faced fluctuations and declines
Nigeria's cocoa production has seen significant fluctuations between 1990 and 2022. While there have been periods of growth, such as the increase from 244k tonnes in 1990 to 485k tonnes in 2006, there have also been notable declines. Production hit a low of 203k tonnes in 1995 and faced other dips. Here is the quantity of cocoa produced in Nigeria since 1990.

Since 2000, Côte d'Ivoire, Ghana, Indonesia, Nigeria, Cameroon, and Brazil have produced 85% of the world's cocoa beans
Cocoa beans are a vital commodity for many countries, driving their economies and supporting livelihoods. Over the years, cocoa production has seen significant fluctuations across different countries. The world's cocoa-producing countries produced 104.2 million tonnes of cocoa beans between 2000 and 2022, enough to fill about 2.084 billion 50kg bags. Côte d'Ivoire maintains its dominance, accounting for 35.3% of global production in the 23 years under review, with Ghana (16.5%), Indonesia (15.4%), and Nigeria (7.7%) completing the top four. These are the top ten countries in the period.

Top ten cocoa-producing countries in the world in 2020
In 2020, 5.2 million metric tons of cocoa were produced globally, with four African countries — Ivory Coast, Ghana, Nigeria, and Cameroon — accounting for 68% of the produce.

Nigeria was 13th on the list of rice-producing countries in 2022/2023 market year, with 1%
Approximately 513 million metric tonnes of rice were produced in 2022/2023 market year, with China and India accounting for more than half combined. Nigeria produced around 5.4 million metric tonnes — 1% of the global production and slightly more than the US.

Wheat made up 76% of the US' agricultural exports to Nigeria in 2022
In 2022, the US exported $631 million worth of agricultural produce to Nigeria, with wheat the biggest export. It accounted for 76% of the exports followed by industrial ethanol (9.3%).

Three Asian countries produced 87% of the world’s palm oil in the 2022/2023 market year
Nigeria produced 1.4 million tons of palm oil in 2022, 2% of the global production in the 2022/2023 market year, making the country the fifth largest producer of the commodity. Indonesia dominated global production with 59%, followed by Malaysia and Thailand.

Can’t find what you’re looking for? Please fill the form below
Contact Form Demo
Get periodic updates about the African startup space, access to our reports, among others.
Subscribe Here
Subscription Form

A product of Techpoint Africa. All rights reserved