Nigeria: Orange Market 2023

Orange Market Size in Nigeria

The Nigerien orange market declined notably to $X in 2021, which is down by -77.8% against the previous year. Over the period under review, consumption recorded a deep reduction. As a result, consumption reached the peak level of $X, and then reduced sharply in the following year.

Orange Production in Nigeria

In value terms, orange production totaled less than $X in 2021 estimated in export price. Overall, production showed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 153%. Orange production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Orange Exports

Exports from Nigeria

In 2021, shipments abroad of oranges increased by 816% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, orange exports soared to $X in 2021. Over the period under review, exports posted a resilient increase. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Niger (X tons) was the main destination for orange exports from Nigeria, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Niger was relatively modest.

In value terms, Niger ($X) also remains the key foreign market for oranges exports from Nigeria.

From 2012 to 2021, the average annual rate of growth in terms of value to Niger amounted to +12.6%.

Export Prices by Country

The average orange export price stood at $X per ton in 2021, jumping by 37% against the previous year. In general, the export price continues to indicate prominent growth. The growth pace was the most rapid in 2014 when the average export price increased by 68% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the rate of growth in terms of prices for Cameroon amounted to +22.9% per year.

Orange Imports

Imports into Nigeria

Orange imports into Nigeria fell remarkably to X tons in 2021, waning by -92.1% compared with the previous year. In general, imports recorded a perceptible slump. The most prominent rate of growth was recorded in 2013 with an increase of 236%. Over the period under review, imports reached the maximum at X tons in 2020, and then shrank significantly in the following year.

In value terms, orange imports dropped rapidly to $X in 2021. Over the period under review, imports showed a pronounced setback. The pace of growth was the most pronounced in 2020 with an increase of 496%. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

In 2021, South Africa (X tons) constituted the largest supplier of orange to Nigeria, accounting for a 74% share of total imports. Moreover, orange imports from South Africa exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Africa totaled +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (0.0% per year) and the United States (0.0% per year).

In value terms, South Africa ($X) constituted the largest supplier of oranges to Nigeria, comprising 88% of total imports. The second position in the ranking was taken by the United States ($X), with an 8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from South Africa amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (0.0% per year) and Japan (0.0% per year).

Import Prices by Country

In 2021, the average orange import price amounted to $X per ton, surging by 3.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 82% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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