Nigeria"s cereals and legumes market is a vital component of its agricultural economy, with significant implications for trade dynamics and supplier networks. Recent data reveals notable shifts in the import and export patterns of dried peas, a critical commodity within this sector. In 2023, Nigeria imported approximately 1. 93 million kg of dried peas, valued at around $3. 1 million. This represents a significant decrease in imported volume compared to 2022, where over 11 million kg were imported at a value exceeding $14 million. The substantial reduction in import volume, nearly by a factor of six, reflects a shift in Nigeria"s import strategy, possibly due to domestic production adjustments or changes in demand. Conversely, export activities for dried peas show an interesting trend.

By 2023, the export quantity recorded was negligible, with virtually no export activity, despite a slight export value of $74,071. This represents a stark contrast to previous years, such as 2022, where 25,000 kg were exported at a value of $31,668. The declining export volume could be attributed to increased domestic demand or strategic stockpiling. Price trends for dried peas have shown volatility. The import price per kilogram has seen fluctuations, increasing to approximately $1. 61 in 2023 from $0. 77 in 2021, indicating rising import costs or changes in trade agreements impacting pricing. These trends highlight the dynamic nature of Nigeria"s cereals and legumes market, where strategic import and export decisions are influenced by global market conditions and internal shifts.

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