Nigeria: Market for Mineral or Aerated Waters 2024

Market Size for Mineral or Aerated Waters in Nigeria

The Nigerien mineral or aerated water market reduced dramatically to $X in 2022, declining by X% against the previous year. In general, consumption showed a drastic downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Mineral or Aerated Waters in Nigeria

In value terms, mineral or aerated water production reduced to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

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Exports of Mineral or Aerated Waters

Exports from Nigeria

After four years of growth, shipments abroad of mineral or aerated waters decreased by X% to X litres in 2022. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X litres in 2021, and then dropped in the following year.

In value terms, mineral or aerated water exports fell significantly to $X in 2022. Over the period under review, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked at $X in 2021, and then contracted markedly in the following year.

Exports by Country

The United Arab Emirates (X litres) was the main destination for mineral or aerated water exports from Nigeria, accounting for a X% share of total exports. Moreover, mineral or aerated water exports to the United Arab Emirates exceeded the volume sent to the second major destination, Niger (X litres), tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at X%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for mineral or aerated waters exports from Nigeria, comprising X% of total exports. The second position in the ranking was taken by Niger ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to X%.

Export Prices by Country

In 2022, the average mineral or aerated water export price amounted to $X per litre, waning by X% against the previous year. In general, the export price showed a noticeable descent. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per litre. From 2016 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($X per litre), while the average price for exports to the United Arab Emirates stood at $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mineral or Aerated Waters

Imports into Nigeria

Mineral or aerated water imports into Nigeria fell rapidly to X litres in 2022, waning by X% against 2021 figures. In general, imports, however, recorded a slight expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at X litres in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, mineral or aerated water imports reduced remarkably to $X in 2022. Overall, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

France (X litres), Germany (X litres) and the Netherlands (X litres) were the main suppliers of mineral or aerated water imports to Nigeria, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the Netherlands ($X) and France ($X) constituted the largest mineral or aerated water suppliers to Nigeria, with a combined X% share of total imports. Germany, the United Arab Emirates and the United States lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Germany, with a CAGR of X%, saw 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

In 2022, the average mineral or aerated water import price amounted to $X per litre, declining by X% against the previous year. In general, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per litre in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the UK ($X per litre), while the price for the United Arab Emirates ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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