Nigeria: Orange Market Overview 2021

Orange Market Size in Nigeria

The Nigerien orange market soared to $X in 2020, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2016 to 2020, the growth of the market remained at a somewhat lower figure.

Orange Exports

Exports from Nigeria

In 2020, approx. X tonnes of oranges were exported from Nigeria; dropping by -X% compared with the previous year. Over the period under review, exports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Exports peaked at X tonnes in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

In value terms, orange exports reduced sharply to $X in 2020. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Niger (X tonnes) was the main destination for orange exports from Nigeria, with a X% share of total exports. It was followed by Ireland (X kg), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Niger amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and the Netherlands (+X% per year).

In value terms, Niger ($X) remains the key foreign market for orange exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Niger totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Ireland (X% per year).

Export Prices by Country

The average orange export price stood at $X per tonne in 2020, almost unchanged from the previous year. Overall, the export price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne. from 2015 to 2020, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Niger ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Niger, while the prices for the other major destinations experienced mixed trend patterns.

Orange Imports

Imports into Nigeria

In 2020, approx. X tonnes of oranges were imported into Nigeria; increasing by X% against 2019. In general, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

In value terms, orange imports rose significantly to $X in 2020. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, South Africa (X tonnes) constituted the largest orange supplier to Nigeria, accounting for a X% share of total imports. Moreover, orange imports from South Africa exceeded the figures recorded by the second-largest supplier, Spain (X tonnes), sevenfold. China (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from South Africa stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and China (+X% per year).

In value terms, South Africa ($X) constituted the largest supplier of orange to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual growth rate of value from South Africa amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and China (+X% per year).

Import Prices by Country

The average orange import price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. In general, the import price saw a perceptible curtailment. The pace of growth appeared the most rapid in 2009 an increase of X% year-to-year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per tonne), while the price for Niger ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform