
Nigeria - Oranges - Market Analysis, Forecast, Size, Trends and Insights
Nigeria: Orange Market 2023
Orange Market Size in Nigeria
The Nigerien orange market rose significantly to $X in 2022, picking up by 10% against the previous year. Over the period under review, consumption, however, recorded a pronounced contraction. Orange consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.
Orange Production in Nigeria
In value terms, orange production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a dramatic slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by 16,725,700% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.
The average yield of oranges in Nigeria totaled less than X kg per ha in 2022, flattening at the previous year. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2022, the total area harvested in terms of oranges production in Nigeria totaled less than X ha, flattening at the previous year. Overall, the harvested area continues to indicate a relatively flat trend pattern.
Orange Exports
Exports from Nigeria
In 2022, approx. X tons of oranges were exported from Nigeria; reducing by -42.8% compared with the year before. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 816%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.
In value terms, orange exports reduced remarkably to $X in 2022. Overall, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by 1,154% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.
Exports by Country
Niger (X tons) was the main destination for orange exports from Nigeria, with a 95% share of total exports. Moreover, orange exports to Niger exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold.
From 2012 to 2022, the average annual growth rate of volume to Niger amounted to -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+59.5% per year) and Cameroon (-34.2% per year).
In value terms, Niger ($X) remains the key foreign market for oranges exports from Nigeria, comprising 80% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 19% share of total exports.
From 2012 to 2022, the average annual growth rate of value to Niger stood at +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+75.4% per year) and Cameroon (-26.8% per year).
Export Prices by Country
The average orange export price stood at $X per ton in 2022, dropping by -5.7% against the previous year. Over the period under review, the export price, however, saw resilient growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 45% against the previous year. The export price peaked at $X per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Cameroon ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.
Orange Imports
Imports into Nigeria
In 2022, the amount of oranges imported into Nigeria soared to X tons, with an increase of 343% on the previous year. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 356%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, orange imports skyrocketed to $X in 2022. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 496% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.
Imports by Country
In 2022, Italy (X tons) constituted the largest orange supplier to Nigeria, accounting for a 40% share of total imports. Moreover, orange imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Egypt (X tons) ranked third in terms of total imports with a 16% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +44.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+34.6% per year) and Egypt (+52.3% per year).
In value terms, Italy ($X) constituted the largest supplier of oranges to Nigeria, comprising 40% of total imports. The second position in the ranking was taken by Egypt ($X), with a 20% share of total imports. It was followed by China, with a 16% share.
From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +44.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+57.0% per year) and China (+31.3% per year).
Import Prices by Country
The average orange import price stood at $X per ton in 2022, with a decrease of -2.7% against the previous year. Over the period under review, the import price recorded a slight shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 31% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Niger ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the orange market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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