Cotton Prices in Nigeria
| Variety | Market level | Price (US$/kg) | Local (NGN) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Export (unit value) | 1.37 | 633 | ▼ 20.8% | ▼ 20.8% | UN Comtrade (unit value) |
As of June 2026, the cotton price in Nigeria available is US$ 1.37 per kg (633 NGN), down 20.8% year-on-year.
Nigeria exported 10,341 tonnes of cotton in 2024, valued at US$14.2 million, ranking #25 among 102 exporters and accounting for 0.1% of global exports. The country is a net exporter, with 2023 production at 99,200 tonnes, placing Nigeria #20 worldwide and representing 0.3% of global output. The latest export unit value is US$1.3728 per kg.
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Cotton Price History & Trend
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Production, Exports, Imports & HS Codes - cotton in Nigeria
Nigeria exported 10,341 tonnes of cotton in 2024, valued at US$14.2 million, ranking #25 among 102 exporters and accounting for 0.1% of global exports. The country is a net exporter, with 2023 production at 99,200 tonnes, placing Nigeria #20 worldwide and representing 0.3% of global output. The latest export unit value is US$1.3728 per kg.
Exports UN Comtrade · 2024
In 2024, Nigeria exported $14.2M (10.3 kt) of cotton▼ 5.1% YoY. That ranks #25 worldwide (0.1% of global exports).
Export value by year (US$)
Export volume by year
Top cotton exporters worldwide UN Comtrade · 2024
- #1 Brazil $5.15B · 30.9%
- #2 US $5.01B · 30%
- #3 Australia $2.42B · 14.5%
- #4 India $904M · 5.4%
- #5 Benin $500.9M · 3%
Annual export data Nigeria · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $14.2M | 10.3 kt | $1.37 |
| 2023 | $15M | 8.6 kt | $1.73 |
| 2022 | $11M | 5 kt | $2.2 |
| 2021 | $22.3M | 17.4 kt | $1.28 |
| 2020 | $14.3M | 11 kt | $1.3 |
Production FAOSTAT · 2023
Nigeria produced 99.2 kt of cotton in 2023▼ 4.6% YoY. It ranks #20 among producing countries (0.3% of world output).
Production by year (tonnes)
HS Code
cotton is traded under Harmonized System code 5201.00. Trade figures above are compiled for this HS heading.
Sources: trade & HS - UN Comtrade; production - FAOSTAT (FAO); harvest season - FAO GIEWS Crop Calendar. Values are official reported figures.