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Nigeria - Avocados - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Avocado Market Overview 2021

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Avocado Market Size in Nigeria

In 2020, the Nigerien avocado market decreased by -X% to $X for the first time since 2012, thus ending a seven-year rising trend. Over the period under review, consumption, however, showed buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2019, and then fell sharply in the following year.

Avocado Exports

Exports from Nigeria

In 2020, after two years of growth, there was significant decline in overseas shipments of avocados, when their volume decreased by -X% to X kg. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. As a result, exports attained the peak of X kg. From 2017 to 2020, the growth exports remained at a lower figure.

In value terms, avocado exports shrank rapidly to $X in 2020. Overall, exports, however, posted perceptible growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2017 to 2020, the growth exports remained at a lower figure.

Exports by Country

Austria (X kg) and the Netherlands (X kg) were the main destinations of avocado exports from Nigeria.

From 2007 to 2019, the biggest increases were in Austria.

In value terms, the Netherlands ($X) and Austria ($X) constituted the largest markets for avocado exported from Nigeria worldwide.

Among the main countries of destination, Austria (-X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average avocado export price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Overall, the export price, however, saw a measured increase. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2017 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Austria stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands.

Avocado Imports

Imports into Nigeria

After seven years of growth, overseas purchases of avocados decreased by -X% to X tonnes in 2020. Overall, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2019, and then declined notably in the following year.

In value terms, avocado imports dropped dramatically to $X in 2020. Over the period under review, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019, and then declined markedly in the following year.

Imports by Country

In 2020, the Netherlands (X tonnes) constituted the largest supplier of avocado to Nigeria, with a X% share of total imports. Moreover, avocado imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Egypt (X kg), fourfold. The third position in this ranking was occupied by Germany (X kg), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the Netherlands totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+X% per year) and Germany (+X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of avocado to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2007 to 2020, the average annual growth rate of value from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Egypt (+X% per year).

Import Prices by Country

The average avocado import price stood at $X per tonne in 2020, shrinking by -X% against the previous year. In general, the import price, however, saw a tangible increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the price for Egypt ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for avocados in the world?
+
The countries with the highest volumes of avocado consumption in 2020 were Mexico (1.3M tonnes), the U.S. (1.2M tonnes) and the Dominican Republic (692K tonnes), with a combined 41% share of global consumption. These countries were followed by Colombia, Indonesia, Haiti, Brazil, Kenya, Peru, China, France, Venezuela and Guatemala, which together accounted for a further 33%.
What are the largest producers of avocados in the world?
+
Mexico (2.4M tonnes) constituted the country with the largest volume of avocado production, comprising approx. 32% of total volume. Moreover, avocado production in Mexico exceeded the figures recorded by the second-largest producer, the Dominican Republic (736K tonnes), threefold. Peru (606K tonnes) ranked third in terms of total production with a 8.1% share.
What are the leading suppliers of avocados to Nigeria?
+
In value terms, the Netherlands ($12K) constituted the largest supplier of avocado to Nigeria, comprising 90% of total imports. The second position in the ranking was occupied by Germany ($767), with a 5.5% share of total imports. It was followed by Egypt, with a 2.6% share.
What are the leading importers of avocados from Nigeria?
+
In value terms, the largest markets for avocado exported from Nigeria were the Netherlands ($45) and Austria ($33).
What is the average export price for avocados in Nigeria?
+
In 2019, the average avocado export price amounted to $1,529 per tonne, declining by -39% against the previous year.
What is the average import price for avocados in Nigeria?
+
The average avocado import price stood at $3,156 per tonne in 2020, waning by -18.6% against the previous year.

Product coverage:
• FCL 572 - Avocados

This report provides an in-depth analysis of the avocado market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Nigeria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Nigeria
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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