Nigeria: Market for Cider, Perry, Mead And Other Fermented Beverages 2024

Market Size for Cider, Perry, Mead And Other Fermented Beverages in Nigeria

In 2021, the Nigerien cider, perry and mead market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, recorded a pronounced decline. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Cider, Perry, Mead And Other Fermented Beverages in Nigeria

In value terms, cider, perry and mead production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2017 with an increase of 19%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Cider, Perry, Mead And Other Fermented Beverages

Exports from Nigeria

In 2021, shipments abroad of cider, perry, mead and other fermented beverages decreased by 0% to X litres, falling for the second year in a row after two years of growth. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 4,908% against the previous year. Over the period under review, the exports reached the maximum at X litres in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, cider, perry and mead exports stood at $X in 2021. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of 8,441% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ghana (X litres) was the main destination for cider, perry and mead exports from Nigeria, accounting for a 65% share of total exports. Moreover, cider, perry and mead exports to Ghana exceeded the volume sent to the second major destination, Italy (X litres), more than tenfold. The United Arab Emirates (X litres) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to Ghana totaled +40.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+79.6% per year) and the United Arab Emirates (0.0% per year).

It was followed by the United States, with a 3% share.

From 2012 to 2021, the average annual growth rate of value to Ghana amounted to +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+69.0% per year) and the United States (+15.7% per year).

Export Prices by Country

The average cider, perry and mead export price stood at $X per litre in 2021, approximately mirroring the previous year. Over the period under review, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 71%. The export price peaked at $X per litre in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per litre), while the average price for exports to the United Arab Emirates ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cider, Perry, Mead And Other Fermented Beverages

Imports into Nigeria

In 2021, supplies from abroad of cider, perry, mead and other fermented beverages increased by 109% to X litres for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 377%. Imports peaked at X litres in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, cider, perry and mead imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 401%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Ghana (X litres), South Africa (X litres) and China (X litres) were the main suppliers of cider, perry and mead imports to Nigeria, together comprising 35% of total imports. These countries were followed by India, Germany, Austria, Moldova, Belgium, Sweden and Poland, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +89.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constituted the largest supplier of cider, perry, mead and other fermented beverages to Nigeria, comprising 21% of total imports. The second position in the ranking was taken by South Africa ($X), with a 5.9% share of total imports. It was followed by Germany, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from Ghana stood at +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+3.1% per year) and Germany (+4.8% per year).

Import Prices by Country

In 2021, the average cider, perry and mead import price amounted to $X per litre, increasing by 12% against the previous year. Over the period under review, the import price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 19%. As a result, import price reached the peak level of $X per litre. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Moldova ($X per litre), while the price for India ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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