Dried Vegetables Market Overview in Nigeria
In value terms, dried vegetables production reduced slightly to $ in 2019 estimated in export prices. In general, production, however, continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2016 when the production volume increased by % against the previous year. Over the period under review, production reached the maximum level at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.
The revenue of the dried vegetables market in Nigeria reduced to $ in 2019, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a mild slump. The most prominent rate of growth was recorded in 2016 when the market value increased by % against the previous year. Over the period under review, the market reached the peak level at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.