Nigeria, a prominent player in the global agricultural sector, actively participates in the trade of tapioca starch. In 2021, Nigeria exported $102k worth of tapioca starch, securing its position as the 43rd largest exporter of this product worldwide. Although tapioca starch ranked as the 594th most exported product in Nigeria during that year, the country’s trade activities demonstrate potential for growth.
Export Market Overview
The United States serves as the primary destination for Nigeria’s tapioca starch exports, accounting for a substantial $66.7k worth of exports in 2021. The United Arab Emirates follows with $10.4k, while the United Kingdom, Canada, and the Netherlands complete the list of major export destinations, with values of $4.45k, $4.35k, and $4.2k, respectively. These countries represent Nigeria’s core customer base, demonstrating the global demand for Nigerian tapioca starch.
Fastest Growing Export Markets
Between 2020 and 2021, Nigeria experienced significant export growth in tapioca starch to specific countries. Notably, the United Kingdom witnessed a remarkable increase of $4.45k, while Ireland and the Netherlands showed growth with figures of $3.19k and $2.79k, respectively. These developments signify the expanding market potential and increasing demand for Nigerian tapioca starch in these regions.
|United Arab Emirates
|Trinidad and Tobago
Import Market Overview
In 2021, Nigeria imported $132k worth of tapioca starch, positioning itself as the 81st largest importer of this product globally. Although tapioca starch ranked as the 3217th most imported product in Nigeria, the country’s import activities highlight its reliance on international sources to fulfill domestic demand. China emerged as the primary supplier, accounting for $87.5k worth of imports, followed by India with $24.1k. Brazil, Sweden, and Thailand complete the list of major import sources, contributing $9.89k, $6.49k, and $2.73k, respectively.
Fastest Growing Import Markets
Between 2020 and 2021, Nigeria witnessed significant growth in tapioca starch imports from specific markets. China showed notable expansion with an increase of $35k, followed by India with $24.1k, and Sweden with $6.49k. These figures indicate Nigeria’s increasing reliance on imports from these countries to meet its tapioca starch requirements.
Nigeria’s tapioca starch trade showcases its active participation in both exports and imports of this valuable agricultural product. As an exporter, Nigeria caters to major markets such as the United States, the United Arab Emirates, and the United Kingdom, while also experiencing growth in markets like Ireland and the Netherlands. Meanwhile, its import market relies on countries like China, India, and Brazil to meet domestic tapioca starch demand. Understanding the dynamics of Nigeria’s tapioca starch trade, including the potential for growth and the reliance on international sources, is crucial for stakeholders navigating this market effectively.