Price for Grapes; Fresh or Dried in Nigeria - 2022

Contents:

  1. Price for Grapes; Fresh or Dried in Nigeria (CIF) - 2022
  2. Price for Grapes; Fresh or Dried in Nigeria (FOB) - 2022
  3. Imports of Grapes; Fresh or Dried in Nigeria
  4. Exports of Grapes; Fresh or Dried in Nigeria

Price for Grapes; Fresh or Dried in Nigeria (CIF) - 2022

In 2022, the average grapes; fresh or dried import price amounted to $881 per ton, shrinking by -18.7% against the previous year. Over the period under review, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by 44% against the previous year. As a result, import price reached the peak level of $2,203 per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Morocco ($1,677 per ton), while the price for Mauritius ($530 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+0.1%), while the prices for the other major suppliers experienced a decline.

Price for Grapes; Fresh or Dried in Nigeria (FOB) - 2022

The average grapes; fresh or dried export price stood at $4,450 per ton in 2022, picking up by 39% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grapes; fresh or dried export price increased by +42.4% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 44%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($3,743 per ton), while the average price for exports to Niger amounted to $2,497 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+8.9%).

Imports of Grapes; Fresh or Dried in Nigeria

In 2022, grapes; fresh or dried imports into Nigeria surged to 2.9K tons, picking up by 29% on the previous year. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by 127% against the previous year. As a result, imports attained the peak of 4.1K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, grapes; fresh or dried imports rose slightly to $2.6M in 2022. In general, imports posted prominent growth. The growth pace was the most rapid in 2020 with an increase of 112%. As a result, imports reached the peak of $4.6M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Grapes; Fresh or Dried in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Egypt10354417.267887.4%
South Africa5712,4198036715.5%
Spain16.4122215329171.7%
Namibia34.812983.278.431.1%
Lebanon24.123.568.964.939.1%
Portugal20.219537.656.841.1%
Israel43.670.450.051.96.0%
Chile19.749.745.442.829.5%
United Kingdom0.80.438.736.4257.0%
Italy83.261.849.829.1-29.5%
Others1,2399441,047528-24.7%
Total2,1554,5592,4552,5666.0%

Top Suppliers of Grapes; Fresh or Dried to Nigeria in 2022:

  1. South Africa (1215.0 tons)
  2. Egypt (587.3 tons)
  3. Spain (234.4 tons)
  4. Lebanon (101.6 tons)
  5. Namibia (80.0 tons)
  6. United Kingdom (66.8 tons)
  7. Chile (45.9 tons)
  8. Israel (44.5 tons)
  9. Portugal (43.0 tons)
  10. Italy (28.2 tons)

Exports of Grapes; Fresh or Dried in Nigeria

In 2022, shipments abroad of grapes; fresh or drieds decreased by -9.6% to 442 kg, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 15%. As a result, the exports reached the peak of 756 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, grapes; fresh or dried exports skyrocketed to $2K in 2022. In general, exports continue to indicate a perceptible decrease.

Export of Grapes; Fresh or Dried in Nigeria (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Niger1,6201,631964899-17.8%
Benin46573152.0262-17.4%
AngolaN/AN/A165N/A0%
Others37.0N/A388806179.3%
Total2,1222,3621,5691,967-2.5%

Top Export Markets for Grapes; Fresh or Dried from Nigeria in 2022:

  1. Niger (360.0 kg)
  2. Benin (70.0 kg)

Source: IndexBox Market Intelligence Platform

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