Report Nigeria - Avocados - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: May 12, 2022

Nigeria - Avocados - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Avocado Market 2022

Avocado Exports

Exports from Nigeria

After two years of growth, shipments abroad of avocados decreased by X% to X kg in 2020. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. The exports peaked at X kg in 2016; however, from 2017 to 2020, the exports remained at a lower figure.

In value terms, avocado exports totaled $X in 2020. In general, exports recorded a temperate increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2020, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X kg) was the main destination for avocado exports from Nigeria, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to the United Arab Emirates amounted to -X%.

From 2007 to 2020, the average annual rate of growth in terms of value to the United Arab Emirates totaled -X%.

Export Prices by Country

The average avocado export price stood at $X per tonne in 2020, increasing by X% against the previous year. In general, the export price continues to indicate measured growth. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. Over the period under review, the average export prices attained the peak figure at $X per tonne in 2016; however, from 2017 to 2020, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2007 to 2020, the rate of growth in terms of prices for the United Arab Emirates amounted to -X% per year.

Avocado Imports

Imports into Nigeria

In 2020, supplies from abroad of avocados decreased by -X% to X tonnes for the first time since 2013, thus ending a six-year rising trend. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Imports peaked at X tonnes in 2019, and then contracted dramatically in the following year.

In value terms, avocado imports declined markedly to $X in 2020. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2019, and then contracted sharply 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. Germany (X kg) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms 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 rate of growth in terms 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, reducing by -X% against the previous year. Overall, the import price, however, recorded a moderate expansion. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2020, import prices failed to regain 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 Kenya (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

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, the United States and the Dominican Republic, with a combined 42% share of global consumption. These countries were followed by Colombia, Indonesia, Brazil, Kenya, Peru, Haiti, China, France, Guatemala and Canada, which together accounted for a further 32%.
What are the largest producers of avocados in the world?
+
Mexico constituted the country with the largest volume of avocado production, accounting for 32% of total volume. Moreover, avocado production in Mexico exceeded the figures recorded by the second-largest producer, the Dominican Republic, fourfold. Peru ranked third in terms of total production with an 8.8% share.
What are the leading suppliers of avocados to Nigeria?
+
In value terms, the Netherlands constituted the largest supplier of avocado to Nigeria, comprising 88% of total imports. The second position in the ranking was occupied by Germany $768), with a 5.4% share of total imports. It was followed by Egypt, with a 2.6% share.
What is the average export price for avocados in Nigeria?
+
In 2020, the average avocado export price amounted to $1,569 per tonne, increasing by 2.6% against the previous year.
What is the average import price for avocados in Nigeria?
+
The average avocado import price stood at $3,042 per tonne in 2020, falling by -15.3% against the previous year.

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.


Product coverage:
• FCL 572 - Avocados
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

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 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2021
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 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption In 2007–2021
Table 5:
Imports, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Value Terms, By Country, 2007–2021
Table 7:
Import Prices, By Country Of Origin, 2007–2021
Table 8:
Exports, In Physical Terms, By Country, 2007–2021
Table 9:
Exports, In Value Terms, By Country, 2007–2021
Table 10:
Export Prices, By Country Of Destination, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2021
Figure 5:
Trade Balance, In Physical Terms, 2007–2021
Figure 6:
Trade Balance, In Value Terms, 2007–2021
Figure 7:
Per Capita Consumption, 2007–2021
Figure 8:
Market Forecast To 2030
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, 2007–2021
Figure 22:
Production, In Value Terms, 2007–2021
Figure 23:
Area Harvested, 2007–2021
Figure 24:
Yield, 2007–2021
Figure 25:
Imports, In Physical Terms, 2007–2021
Figure 26:
Imports, In Value Terms, 2007–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2007–2021
Figure 29:
Imports, In Value Terms, By Country, 2007–2021
Figure 30:
Import Prices, By Country Of Origin, 2007–2021
Figure 31:
Exports, In Physical Terms, 2007–2021
Figure 32:
Exports, In Value Terms, 2007–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2007–2021
Figure 35:
Exports, In Value Terms, By Country, 2007–2021
Figure 36:
Export Prices, By Country Of Destination, 2007–2021
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