Nigeria: Bottled Water Market 2024

Bottled Water Market Size in Nigeria

The Nigerien bottled water market contracted to $X in 2022, with a decrease of -6.9% against the previous year. In general, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +8.0% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Bottled Water Production in Nigeria

In value terms, bottled water production shrank to $X in 2022 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.5% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 58%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Bottled Water Exports

Exports from Nigeria

Bottled water exports from Nigeria surged to X tons in 2022, increasing by 17% on 2021 figures. Over the period under review, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 307% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, bottled water exports stood at $X in 2022. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 163%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons), Niger (X tons) and Ireland (X tons) were the main destinations of bottled water exports from Nigeria, together comprising 48% of total exports. These countries were followed by Spain, France, Poland and Germany, which together accounted for a further 7.9%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +756.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bottled water exported from Nigeria were Niger ($X), Spain ($X) and the UK ($X), with a combined 54% share of total exports. These countries were followed by Ireland, France, Poland and Germany, which together accounted for a further 11%.

Among the main countries of destination, Poland, with a CAGR of +553.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bottled water export price stood at $X per ton in 2022, waning by -14.1% against the previous year. Overall, the export price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2018 an increase of 226%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the UK ($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 (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Bottled Water Imports

Imports into Nigeria

In 2022, imports of bottled waters into Nigeria declined rapidly to X tons, which is down by -40.2% compared with the previous year. In general, imports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 412% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, bottled water imports contracted markedly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 346% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Spain (X tons), Turkey (X tons) and Norway (X tons) were the main suppliers of bottled water imports to Nigeria, with a combined 61% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +121.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bottled water suppliers to Nigeria were Spain ($X), Turkey ($X) and the United States ($X), with a combined 38% share of total imports.

Spain, with a CAGR of +111.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average bottled water import price amounted to $X per ton, increasing by 7.9% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bottled water import price decreased by -27.2% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 82%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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 the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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