Pistachio Market in Nigeria
In value terms, pistachio production fell notably to $ in estimated in export prices. In general, production continues to indicate a strong increase. The growth pace was the most rapid in 2018 when the production volume increased by % year-to-year. Pistachio production peaked at $ in 2019, and then reduced rapidly in the following year.
In , the average pistachio yield in Nigeria was estimated at kg per ha, remaining stable against the previous year's figure. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , the total area harvested in terms of pistachios production in Nigeria stood at ha, approximately reflecting 2019. In general, the harvested area showed a relatively flat trend pattern.
The size of the pistachio market in Nigeria expanded rapidly to $ in , with an increase of % against 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). In general, consumption, however, showed a abrupt descent. The pace of growth was the most pronounced in 2019 when the market value increased by % y-o-y. Pistachio consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.