How much peanuts do Nigeria produce?
Nigeria is the 3rd largest producer of peanuts: 4.3 million tonnes in 2024, 7.5% of the world's 57.4 million tonnes (FAOSTAT).
All about peanuts · All about Nigeria · Peanuts price history
Nigeria's peanuts production
| World rank | Production (tonnes) | Share of world | Ten-year growth | Year |
|---|---|---|---|---|
| 3 | 4.3 million tonnes | 7.5% | +2.4% a year | 2024 |
FAOSTAT Crops and livestock products (QCL), 2024. World total is the sum of reporting countries.
Share of world output over time
| 1990 | 2000 | 2010 | 2020 | 2024 |
|---|---|---|---|---|
| 5.1% | 8.6% | 8.8% | 7.7% | 7.5% |
How much peanuts Nigeria uses
Nigeria's domestic supply of peanuts was 4.5 million tonnes in 2023, 8.7% of the world's. Food supply was 8.2 kg per person a year, 5th highest of 142 countries with a million or more people. It produced 100% of what it used (self-sufficiency) and imported 0%. FAO's item is "Groundnuts". Consumption · Self-sufficiency.
The peanuts price Nigeria sells into
The benchmark price, Groundnuts, CIF Europe, was $1,563/t in September 2026, up 27% over twelve months. Its five-year volatility is 15% a year, calmer in 12% of its earlier five-year windows. A single country's export price can differ from the benchmark: see trade price against benchmark. Monthly averages lag the market and are not investment advice. Peanuts price history.
Cite as: Commodity Origins, "Nigeria peanuts: production, exports and prices", https://commodityorigins.com/countries/NGA/peanuts/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.