Nigeria: Frozen Orange Juice Market 2020

Frozen Orange Juice Market Size in Nigeria

The revenue of the frozen orange juice market in Nigeria amounted to $X in 2018, rising by X% against the previous year. In general, frozen orange juice consumption continues to indicate a drastic drop. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the frozen orange juice market reached its peak figure level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Frozen Orange Juice Production in Nigeria

In value terms, frozen orange juice production amounted to $X in 2018 estimated in export prices. In general, frozen orange juice production continues to indicate a drastic deduction. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Frozen orange juice production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Frozen Orange Juice Exports

Exports from Nigeria

In 2018, the exports of frozen unconcentrated orange juice from Nigeria totaled X tons, going up by X% against the previous year. Over the period under review, frozen orange juice exports continue to indicate skyrocketing growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, frozen orange juice exports attained their peak figure at X tons in 2011; however, from 2012 to 2018, exports remained at a lower figure.

In value terms, frozen orange juice exports amounted to $X in 2018. Overall, frozen orange juice exports continue to indicate a skyrocketing increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, frozen orange juice exports attained their maximum at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

Antigua and Barbuda (X tons), Congo (X tons) and Togo (X tons) were the main destinations of frozen orange juice exports from Nigeria, together accounting for X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Congo (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen orange juice exported from Nigeria were Antigua and Barbuda ($X), Congo ($X) and China ($X), together accounting for X% of total exports.

Congo (+X% per year) recorded the highest growth rate of exports, among the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen orange juice export price stood at $X per ton in 2018, lowering by -X% against the previous year. Over the period under review, the frozen orange juice export price, however, continues to indicate a strong increase. The growth pace was the most rapid in 2011 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while the average price for exports to Mali ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Ghana, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Orange Juice Imports

Imports into Nigeria

In 2018, the amount of frozen unconcentrated orange juice imported into Nigeria totaled X tons, rising by X% against the previous year. Over the period under review, frozen orange juice imports, however, continue to indicate an abrupt curtailment. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, frozen orange juice imports reached their peak figure at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, frozen orange juice imports amounted to $X in 2018. Overall, frozen orange juice imports, however, continue to indicate a drastic drop. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. Over the period under review, frozen orange juice imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Antigua and Barbuda (X tons) constituted the largest frozen orange juice supplier to Nigeria, with a X% share of total imports. Moreover, frozen orange juice imports from Antigua and Barbuda exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. France (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Antigua and Barbuda amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and France (-X% per year).

In value terms, the Netherlands ($X), France ($X) and Antigua and Barbuda ($X) were the largest frozen orange juice suppliers to Nigeria, together accounting for X% of total imports. Barbados, Germany, Israel and Spain lagged somewhat behind, together accounting for a further X the main suppliers, Barbados recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced mixed trend patterns.

Import Prices by Country

The average frozen orange juice import price stood at $X per ton in 2018, dropping by -X% against the previous year. In general, the frozen orange juice import price continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2010 an increase of X% y-o-y. In that year, the average import prices for frozen unconcentrated orange juice reached their peak level of $X per ton. From 2011 to 2018, the growth in terms of the average import prices for frozen unconcentrated orange juice failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Barbados ($X per ton), while the price for Antigua and Barbuda ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform