Nigeria: Market for Grapefruit Juice (Single Strength) 2024

Market Size for Grapefruit Juice (Single Strength) in Nigeria

In 2021, the Nigerien grapefruit juice (single strength) market decreased by -39.9% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption, however, recorded a significant expansion. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Grapefruit Juice (Single Strength) in Nigeria

In value terms, grapefruit juice (single strength) production stood at $X in 2021 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.4% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 43%. Grapefruit juice (single strength) production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Grapefruit Juice (Single Strength)

Exports from Nigeria

In 2021, the amount of grapefruit juice (single strength) exported from Nigeria totaled X kg, growing by 5% against the year before. Over the period under review, exports, however, recorded a sharp shrinkage. The growth pace was the most rapid in 2018 when exports increased by 29% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, grapefruit juice (single strength) exports declined dramatically to $X in 2021. In general, exports, however, recorded a dramatic downturn. The pace of growth appeared the most rapid in 2015 with an increase of 19%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Niger (X kg) was the main destination for grapefruit juice (single strength) exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Niger amounted to -37.7%.

In value terms, Niger ($X) also remains the key foreign market for grapefruit juice (single strength) exports from Nigeria.

From 2012 to 2021, the average annual rate of growth in terms of value to Niger stood at -36.9%.

Export Prices by Country

The average grapefruit juice (single strength) export price stood at $X per ton in 2021, shrinking by -28.6% against the previous year. In general, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grapefruit juice (single strength) export price decreased by -45.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 56% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2012 to 2021, the rate of growth in terms of prices for Niger amounted to +1.2% per year.

Imports of Grapefruit Juice (Single Strength)

Imports into Nigeria

In 2021, supplies from abroad of grapefruit juice (single strength) decreased by -72.5% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 691%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, grapefruit juice (single strength) imports dropped rapidly to $X in 2021. Over the period under review, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 1,080%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of grapefruit juice (single strength) to Nigeria, with a 87% share of total imports. Moreover, grapefruit juice (single strength) imports from France exceeded the figures recorded by the second-largest supplier, China (X kg), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-85.4% per year) and the United States (-40.8% per year).

In value terms, France ($X) constituted the largest supplier of grapefruit juice (single strength) to Nigeria, comprising 98% of total imports. The second position in the ranking was held by the United States ($X), with a 2.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-39.4% per year) and China (-96.8% per year).

Import Prices by Country

In 2021, the average grapefruit juice (single strength) import price amounted to $X per ton, picking up by 43% against the previous year. Over the period under review, the import price showed a resilient expansion. The pace of growth appeared the most rapid in 2019 an increase of 89% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+22.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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