Nigeria exports of coffee is still under one million bags yearly, according to data sourced by The Nation.
This is behind Ethiopia, Africa’s largest exporter of coffee, anticipated to produce 8.25 million 60-kilogramme bags of coffee (495,000 MT), according to the United States Department of Agriculture.
Global coffee and tea market was worth $112.3 billion last year, the United States-based Business Research Company said.
Ethiopia obtained a record-high $1.4 billion from coffee exports in 2021/22 fiscal year.
Nigeria is not among the top 10 producers of coffee in Africa, which includes Burundi, Cameroon, Côte d’Ivoire, Democratic Republic of Congo, Ethiopia, Guinea, Kenya, Madagascar, Rwanda, Tanzania, Togo and Uganda.
Despite this, United States- based Williams & Marshall Strategy, a global full-service market research and consulting company, noted that Nigerians are among the continent’s biggest coffee drinkers, and the trend there is steadily increasing.
According to its report, the coffee market in Nigeria is forecast to reach $4.62 billion in 2025. The company forecast that average consumption per capita in value terms in Nigeria is growing at a compound annual growth rate (CAGR) of 21.49 per cent per annum.
In line with this, Euromonitor International’s Coffee in Nigeria report indicated last year, Nestlé Nigeria Plc remained the dominant player in terms of off-trade coffee value sales.
A study by researchers at the Cocoa Research Institute of Nigeria (CRIN) indicated that while globally, yearly output is increasing, coffee output and export in Africa, on the other hand, are declining.
Source : The Nation
