Nigeria: Dried Prune Market 2024

Dried Prune Market Size in Nigeria

The Nigerien dried prune market amounted to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption recorded significant growth. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Dried Prune Production in Nigeria

In value terms, dried prune production reached $X in 2022 estimated in export price. Over the period under review, production showed significant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Dried prune production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Dried Prune Exports

Exports from Nigeria

In 2022, dried prune exports from Nigeria reached X tons, standing approx. at the previous year. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, dried prune exports totaled $X in 2022. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

India (X tons), Vietnam (X tons) and Algeria (X kg) were the main destinations of dried prune exports from Nigeria, with a combined X% share of total exports. The United States, the Netherlands, Canada and Germany lagged somewhat behind, together accounting for a further X%.

From 2014 to 2020, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dried prune exported from Nigeria were Vietnam ($X), India ($X) and the Netherlands ($X), with a combined X% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dried prune export price stood at $X per ton in 2020, leveling off at the previous year. Overall, the export price, however, continues to indicate a dramatic downturn. The export price peaked at $X per ton in 2014; however, from 2015 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Algeria ($X per ton) was amongst the lowest.

From 2014 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (X%).

Dried Prune Imports

Imports into Nigeria

In 2022, dried prune imports into Nigeria rose remarkably to X kg, growing by X% on 2021 figures. In general, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, dried prune imports amounted to $X in 2022. Over the period under review, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X kg) constituted the largest dried prune supplier to Nigeria, with a X% share of total imports. Moreover, dried prune imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X kg), twofold. The third position in this ranking was held by Luxembourg (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Luxembourg (X% per year).

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

From 2012 to 2022, 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 Luxembourg (X% per year).

Import Prices by Country

In 2022, the average dried prune import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dried prune import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :