Nigeria: Dried Apricot Market Overview 2020

Dried Apricot Market Size in Nigeria

The revenue of the dried apricot market in Nigeria amounted to $X in 2017, waning by -X% against the previous year. Overall, dried apricot consumption continues to indicate a skyrocketing expansion. The growth pace was the most rapid in 2015, when market value increased by X% against the previous year. Nigeria dried apricot consumption peaked of $X in 2016, and then declined slightly in the following year.

Dried Apricot Production in Nigeria

In 2017, the amount of dried apricots produced in Nigeria totaled X kg, surging by X% against the previous year. Overall, dried apricot production continues to indicate a precipitous downturn. The most prominent rate of growth was recorded in 2015, when the output figure increased by X% against the previous year. Over the period under review, the dried apricot production attained its maximum volume of X kg in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Dried Apricot Exports from Nigeria

In 2017, the amount of dried apricots exported from Nigeria totaled X kg, lowering by -X% against the previous year. Overall, dried apricot exports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2011, with an increase of X% year-to-year. Over the period under review, the dried apricot exports reached its maximum volume of X tonnes in 2012; however, from 2013 to 2017, it failed to regain its momentum.

In value terms, dried apricot exports stood at $X in 2017. Overall, dried apricot exports continue to indicate a dramatic decline. Nigeria exports peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Dried Apricot Exports by Country from Nigeria

Turkey prevails in dried apricot exports structure, accounting for X tonnes, which was near X% of total exports in 2017. It was distantly followed by Afghanistan (X tonnes), generating X% share of total exports. France (X tonnes) took the mild share of total exports.

Turkey experienced a relatively flat trend pattern of dried apricots exports. At the same time, Afghanistan (+X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. By contrast, France (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Turkey increased by X% percentage points, while Afghanistan (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest dried apricot supplier from Nigeria, making up X% of global exports. The second position in the ranking was occupied by Afghanistan ($X), with a X% share of global exports. It was followed by France, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Turkey totaled +X%. In the other countries, the average annual rates were as follows: Afghanistan (+X% per year) and France (-X% per year).

Dried Apricot Export Prices by Country in Nigeria

The dried apricot export price in Nigeria stood at $X per tonne in 2017, approximately equating the previous year. In general, dried apricot export price continues to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2015, when it surged by -X% y-o-y. Over the period under review, the export prices for dried apricots reached its maximum level of $X per tonne in 2007; however, from 2008 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was France ($X per tonne), while Afghanistan ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Turkey (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Dried Apricot Imports by Country into Nigeria

In 2017, the U.S. (X tonnes), followed by the UK (X tonnes), Russia (X tonnes), Ukraine (X tonnes), Germany (X tonnes), France (X tonnes) and Algeria (X tonnes) were the key importers of dried apricots, together making up X% of total imports. Kazakhstan (X tonnes), Australia (X tonnes), Iraq (X tonnes), Egypt (X tonnes) and Brazil (X tonnes) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Algeria (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), the UK ($X) and Germany ($X) were the countries with the highest levels of imports in 2017, with a combined X% share of total imports. These countries were followed by France, Russia, Australia, Brazil, Kazakhstan, Algeria, Ukraine, Egypt, Iraq and Nigeria, which together accounted for a further X%.

Algeria (+X% per year) recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Dried Apricot Import Prices by Country in Nigeria

In 2017, the dried apricot import price in Nigeria amounted to $X per kg, flattening at by -% against the previous year. Over the period from 2007 to 2017, it decreased at an average annual rate of nan%. The most prominent rate of growth was recorded in 2008, when it surged by -% against the previous year.

Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($X per tonne), while Ukraine ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Russia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform