Nigeria: Frozen Fruit Market 2022

Frozen Fruit Market Size in Nigeria

After two years of growth, the Nigerien frozen fruit market decreased by -X% to $X in 2021. Over the period under review, consumption, however, enjoyed a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped notably in the following year.

Frozen Fruit Production in Nigeria

In value terms, frozen fruit production fell rapidly to $X in 2021 estimated in export price. Overall, production, however, showed resilient growth. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted significantly in the following year.

Frozen Fruit Exports

Exports from Nigeria

In 2021, frozen fruit exports from Nigeria fell sharply to X tons, declining by -X% on 2020. In general, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, frozen fruit exports declined remarkably to $X in 2021. Overall, exports showed a deep downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), South Africa (X tons) and the United Arab Emirates (X kg) were the main destinations of frozen fruit exports from Nigeria, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +X%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for frozen fruit exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+X% per year) and the Netherlands (+X% per year).

Export Prices by Country

In 2021, the average frozen fruit export price amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen fruit export price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the United Arab Emirates ($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 South Africa (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Fruit Imports

Imports into Nigeria

Frozen fruit imports into Nigeria skyrocketed to X tons in 2021, increasing by X% against 2020 figures. In general, imports enjoyed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen fruit imports reached $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest frozen fruit supplier to Nigeria, accounting for a X% share of total imports. Moreover, frozen fruit imports from Indonesia exceeded the figures recorded by the second-largest supplier, South Africa (X tons), tenfold.

From 2012 to 2021, the average annual growth rate of volume from Indonesia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+X% per year) and China (+X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of frozen fruit to Nigeria, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Indonesia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and South Africa (-X% per year).

Import Prices by Country

In 2021, the average frozen fruit import price amounted to $X per ton, falling by -X% against the previous year. In general, the import price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%).

Source: IndexBox Platform

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