Nigeria: Concentrated Orange Juice Market 2024

Concentrated Orange Juice Market Size in Nigeria

The Nigerien concentrated orange juice market surged to $X in 2021, increasing by 72% against the previous year. In general, consumption enjoyed resilient growth. Concentrated orange juice consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Concentrated Orange Juice Production in Nigeria

In value terms, concentrated orange juice production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 31% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Concentrated Orange Juice Exports

Exports from Nigeria

In 2021, shipments abroad of concentrated orange juice decreased by -85.2% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports continue to indicate a dramatic contraction. The growth pace was the most rapid in 2014 when exports increased by 159%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, concentrated orange juice exports declined rapidly to $X in 2021. Overall, exports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2014 with an increase of 264% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Ghana (X tons), Niger (X tons) and Burkina Faso (X tons) were the main destinations of concentrated orange juice exports from Nigeria, with a combined 68% share of total exports. Togo, Benin, the United States and South Africa lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of -16.7%), while the other leaders experienced a decline.

In value terms, the largest markets for concentrated orange juice exported from Nigeria were Niger ($X), Ghana ($X) and Togo ($X), with a combined 85% share of total exports.

In terms of the main countries of destination, Niger, with a CAGR of -17.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average concentrated orange juice export price amounted to $X per ton, dropping by -22.5% against the previous year. Overall, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2019 when the average export price increased by 76% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Niger ($X per ton), while the average price for exports to Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+11.7%), while the prices for the other major destinations experienced mixed trend patterns.

Concentrated Orange Juice Imports

Imports into Nigeria

In 2021, approx. X tons of concentrated orange juice were imported into Nigeria; growing by 72% against 2020 figures. Over the period under review, imports recorded a temperate increase. The pace of growth was the most pronounced in 2019 when imports increased by 327% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, concentrated orange juice imports soared to $X in 2021. In general, imports recorded pronounced growth. The most prominent rate of growth was recorded in 2019 when imports increased by 186% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of concentrated orange juice to Nigeria, with a 44% share of total imports. Moreover, concentrated orange juice imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was taken by South Africa (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+7.8% per year) and South Africa (+9.9% per year).

In value terms, the largest concentrated orange juice suppliers to Nigeria were the Netherlands ($X), France ($X) and South Africa ($X), with a combined 79% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +22.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average concentrated orange juice import price stood at $X per ton in 2021, waning by -3.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 75%. As a result, import price reached the peak level of $X per ton, and then shrank modestly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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