Nigeria: Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size in Nigeria

In 2021, the Nigerien concentrated pineapple juice market decreased by -58% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, showed a moderate increase. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

Concentrated Pineapple Juice Exports

Exports from Nigeria

In 2021, shipments abroad of concentrated pineapple juice decreased by -59% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 715% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, concentrated pineapple juice exports dropped remarkably to $X in 2021. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2017 when exports increased by 363%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons) was the main destination for concentrated pineapple juice exports from Nigeria, with a 93% share of total exports. It was followed by Niger (X kg), with a 2.5% share of total exports. Senegal (X kg) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume to Burkina Faso totaled +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (+5.3% per year) and Senegal (-26.2% per year).

In value terms, Senegal ($X), Niger ($X) and Burkina Faso ($X) appeared to be the largest markets for concentrated pineapple juice exported from Nigeria worldwide, with a combined 74% share of total exports.

Among the main countries of destination, Niger, with a CAGR of +19.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average concentrated pineapple juice export price stood at $X per ton in 2021, which is down by -2.9% against the previous year. Over the period under review, the export price recorded a deep downturn. The pace of growth was the most pronounced in 2014 an increase of 54%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Senegal ($X per ton), while the average price for exports to Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Concentrated Pineapple Juice Imports

Imports into Nigeria

In 2021, after three years of growth, there was significant decline in overseas purchases of concentrated pineapple juice, when their volume decreased by -60% to X tons. In general, imports, however, showed temperate growth. The growth pace was the most rapid in 2018 with an increase of 350%. Over the period under review, imports hit record highs at X tons in 2020, and then dropped dramatically in the following year.

In value terms, concentrated pineapple juice imports dropped rapidly to $X in 2021. Over the period under review, imports, however, saw a perceptible expansion. The pace of growth appeared the most rapid in 2020 with an increase of 339%. As a result, imports reached the peak of $X, and then declined significantly in the following year.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of concentrated pineapple juice to Nigeria, accounting for a 55% share of total imports. Moreover, concentrated pineapple juice imports from Brazil exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+24.8% per year) and Thailand (-2.4% per year).

In value terms, the largest concentrated pineapple juice suppliers to Nigeria were Brazil ($X), Barbados ($X) and the Netherlands ($X), together comprising 81% of total imports. Germany, Thailand and Indonesia lagged somewhat behind, together comprising a further 15%.

In terms of the main suppliers, Indonesia, with a CAGR of +35.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average concentrated pineapple juice import price amounted to $X per ton, with an increase of 7.4% against the previous year. Over the period under review, the import price, however, showed a slight reduction. The pace of growth was the most pronounced in 2020 an increase of 43% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Barbados ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+52.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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