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Nigeria - Tomato Juice - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Tomato Juice Market Overview 2021

Tomato Juice Market Size in Nigeria

In 2020, the Nigerien tomato juice market decreased by -X% to $X, falling for the fifth consecutive year after four years of growth. In general, consumption saw a significant contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. from 2016 to 2020, the growth of the market remained at a lower figure.

Tomato Juice Exports

Exports from Nigeria

In 2020, shipments abroad of tomato juice decreased by X% to X kg, falling for the third consecutive year after two years of decline. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2015 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at X kg in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, tomato juice exports totaled $X in 2020. Overall, exports showed a significant increase. Over the period under review, exports hit record highs at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

Egypt (X kg) and Benin (X kg) were the main destinations of tomato juice exports from Nigeria.

From 2007 to 2018, the biggest increases were in Egypt.

In value terms, Benin ($X) and Egypt ($X) constituted the largest markets for tomato juice exported from Nigeria worldwide.

Among the main countries of destination, Egypt recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average tomato juice export price stood at $X per tonne in 2018, picking up by X% against the previous year. Overall, the export price enjoyed buoyant growth. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2018, the country with the highest price was Benin ($X per tonne), while the average price for exports to Egypt amounted to $X per tonne.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Egypt.

Tomato Juice Imports

Imports into Nigeria

In 2020, purchases abroad of tomato juice decreased by -X% to X tonnes, falling for the second year in a row after nine years of growth. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2015 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, tomato juice imports reduced to $X in 2020. Over the period under review, imports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. from 2016 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, China (X tonnes) constituted the largest tomato juice supplier to Nigeria, with a X% share of total imports. Moreover, tomato juice imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-X% per year) and Spain (-X% per year).

In value terms, China ($X) constituted the largest supplier of tomato juice to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-X% per year) and Spain (-X% per year).

Import Prices by Country

In 2020, the average tomato juice import price amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2009; however, from 2010 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tomato juice in the world?
+
The countries with the highest volumes of tomato juice consumption in 2020 were India (110K tonnes), Japan (72K tonnes) and Canada (60K tonnes), with a combined 53% share of global consumption.
What are the largest producers of tomato juice in the world?
+
The countries with the highest volumes of tomato juice production in 2020 were India (109K tonnes), Japan (68K tonnes) and Canada (61K tonnes), with a combined 52% share of global production.
What are the leading suppliers of tomato juice to Nigeria?
+
In value terms, China ($542) constituted the largest supplier of tomato juice to Nigeria, comprising 67% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($251), with a 31% share of total imports.
What are the leading importers of tomato juice from Nigeria?
+
In value terms, Benin ($263) and Egypt ($254) constituted the largest markets for tomato juice exported from Nigeria worldwide.
What is the average export price for tomato juice in Nigeria?
+
The average tomato juice export price stood at $1,124 per tonne in 2018, increasing by 3.7% against the previous year.
What is the average import price for tomato juice in Nigeria?
+
The average tomato juice import price stood at $613 per tonne in 2020, increasing by 11% against the previous year.

Product coverage:
• FCL 390 - Juice of Tomatoes

This report provides an in-depth analysis of the tomato juice 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 2025.


Country coverage:
• Nigeria

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Nigeria
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020
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