Key Market Indicators
Nigeria is predicted to consume around 4.8 million metric tons of peanuts by 2026. In 2021, the country will consume 4.4 million metric tons. This marks an increase of 1.3% each year since 2017. Nigerian peanut production is expected to reach 5.3 million metric tons by 2026. This is up from 4.8 million metric tons in 2021, representing a 1.8% increase each year since 1966.