Nigeria: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Nigeria

In 2022, the Nigerien wine of fresh grapes market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption continues to indicate a dramatic contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Nigeria

For the third year in a row, Nigeria recorded growth in shipments abroad of wine of fresh grapes (except sparkling wine), which increased by X% to X litres in 2022. Overall, exports, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at X litres in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wine of fresh grapes exports soared to $X in 2022. In general, exports, however, showed a deep slump. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X litres) was the main destination for wine of fresh grapes exports from Nigeria, with a X% share of total exports. Moreover, wine of fresh grapes exports to Burkina Faso exceeded the volume sent to the second major destination, Angola (X litres), sixfold. Cambodia (X litres) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burkina Faso amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Cambodia (X% per year).

In value terms, Burkina Faso ($X) emerged as the key foreign market for wine of fresh grapes (except sparkling wine) exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by Angola ($X), with an X% share of total exports. It was followed by Cambodia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Burkina Faso stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Cambodia (X% per year).

Export Prices by Country

The average wine of fresh grapes export price stood at $X per litre in 2022, dropping by X% against the previous year. Overall, the export price showed a drastic downturn. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Cambodia ($X per litre) and Benin ($X per litre), while the average price for exports to Senegal ($X per litre) and Burkina Faso ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%), while the prices for the other major destinations experienced a decline.

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Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into Nigeria

In 2022, supplies from abroad of wine of fresh grapes (except sparkling wine) decreased by X% to X litres, falling for the second consecutive year after four years of growth. Overall, imports recorded a dramatic contraction. The growth pace was the most rapid in 2019 when imports increased by X%. Imports peaked at X litres in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, wine of fresh grapes imports contracted remarkably to $X in 2022. In general, imports saw a sharp contraction. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

France (X litres), China (X litres) and Spain (X litres) were the main suppliers of wine of fresh grapes imports to Nigeria, together accounting for X% of total imports. The UK, South Africa, Colombia, India, Italy and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest wine of fresh grapes suppliers to Nigeria were France ($X), China ($X) and Spain ($X), together comprising X% of total imports. The UK, South Africa, India, Italy, the United States and Colombia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Colombia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average wine of fresh grapes import price amounted to $X per litre, increasing by X% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wine of fresh grapes import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per litre in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per litre), while the price for Colombia ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform