Cocoa beans — Gross Production Value in Nigeria
Nigeria: Cocoa beans — Gross Production Value was 11,884 1000 USD in 2024. ◆ Volatile
Cocoa beans — Gross Production Value in Nigeria, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in 1000 USD.
Analysis
The most recent figure for cocoa beans — gross production value in Nigeria is 11,884 1000 USD, measured in 2024. That is the lowest value across all 34 years on record.
That represents a change of down 61.9% on the previous year and down 91.8% over ten years.
Over the whole period, cocoa beans — gross production value in Nigeria peaked at 609,848 1000 USD in 2008 and was at its lowest, 11,884 1000 USD, in 2024.
That places Nigeria 16th out of 34 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Cocoa beans — Gross Production Value in Nigeria, year by year
| Year | 1000 USD | Change |
|---|---|---|
| 1991 | 274,721 1000 USD | — |
| 1992 | 215,138 1000 USD | -21.7% |
| 1993 | 350,552 1000 USD | +62.9% |
| 1994 | 553,046 1000 USD | +57.8% |
| 1995 | 242,735 1000 USD | -56.1% |
| 1996 | 339,816 1000 USD | +40.0% |
| 1997 | 362,169 1000 USD | +6.6% |
| 1998 | 356,769 1000 USD | -1.5% |
| 1999 | 208,986 1000 USD | -41.4% |
| 2000 | 278,576 1000 USD | +33.3% |
| 2001 | 327,483 1000 USD | +17.6% |
| 2002 | 405,659 1000 USD | +23.9% |
| 2003 | 383,909 1000 USD | -5.4% |
| 2004 | 351,037 1000 USD | -8.6% |
| 2005 | 431,107 1000 USD | +22.8% |
| 2006 | 531,678 1000 USD | +23.3% |
| 2007 | 368,467 1000 USD | -30.7% |
| 2008 | 609,848 1000 USD | +65.5% |
| 2009 | 256,975 1000 USD | -57.9% |
| 2010 | 412,167 1000 USD | +60.4% |
| 2011 | 413,791 1000 USD | +0.4% |
| 2012 | 166,843 1000 USD | -59.7% |
| 2013 | 158,478 1000 USD | -5.0% |
| 2014 | 144,093 1000 USD | -9.1% |
| 2015 | 91,542 1000 USD | -36.5% |
| 2016 | 56,343 1000 USD | -38.5% |
| 2017 | 34,940 1000 USD | -38.0% |
| 2018 | 39,691 1000 USD | +13.6% |
| 2019 | 39,116 1000 USD | -1.4% |
| 2020 | 49,670 1000 USD | +27.0% |
| 2021 | 34,355 1000 USD | -30.8% |
| 2022 | 40,833 1000 USD | +18.9% |
| 2023 | 31,180 1000 USD | -23.6% |
| 2024 | 11,884 1000 USD | -61.9% |
Nigeria compared with similar countries
- Nigeria's 11,884 1000 USD is below the median for lower middle income countries, which is 15,654 1000 USD, 76% of the median. (10 countries reporting)
- Nigeria's 11,884 1000 USD is below the median for Sub-Saharan Africa, which is 15,691 1000 USD, 76% of the median. (8 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 322,659 1000 USD | 208,986 1000 USD | 553,046 1000 USD | 9 |
| 2000s | 394,474 1000 USD | 256,975 1000 USD | 609,848 1000 USD | 10 |
| 2010s | 155,700 1000 USD | 34,940 1000 USD | 413,791 1000 USD | 10 |
| 2020s | 33,584 1000 USD | 11,884 1000 USD | 49,670 1000 USD | 5 |
Countries ranked near Nigeria
More agriculture & rural data for Nigeria
- Agriculture, forestry, and fishing, value added (current US$), annual 2.38 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.2298 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 281.32 current US$ per person (2025)
- Rural population, annual growth rate -0.1218 % change on previous year (2025)
- Rural population, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Rural population, per capita 0.3622 units per person (2025)
- Share of GDP from agriculture 23.0% (2025)
- Agriculture as a share of GDP vs. GDP per capita 23.0% (2025)
- Agricultural raw materials exports 0.4% (2024)
- Agricultural raw materials imports 0.6% (2024)
Frequently asked questions
- What is cocoa beans — gross production value in Nigeria?
- Cocoa beans — gross production value in Nigeria was 11,884 1000 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest cocoa beans — gross production value recorded in Nigeria?
- The highest recorded value was 609,848 1000 USD in 2008.
- What is the lowest cocoa beans — gross production value recorded in Nigeria?
- The lowest recorded value was 11,884 1000 USD in 2024.
- How does Nigeria rank for cocoa beans — gross production value?
- Nigeria ranks 16th out of 34 countries with data for 2024.
- Is cocoa beans — gross production value rising or falling in Nigeria?
- Over the last ten years it is down 91.8%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Cocoa beans — Gross Production Value (current thousand US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The domain provides detailed data on the value of agricultural production that is calculated by the agricultural production data and the price data at farm gate. Thus, the value of production measures the agricultural production in monetary terms at the farm gate level.