Nigeria: Market for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades 2024

Market Size for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Nigeria

The Nigerien homogenised jam and marmalade market dropped to $X in 2022, declining by -5.5% against the previous year. In general, consumption showed a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Nigeria

In value terms, homogenised jam and marmalade production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by 38%. Homogenised jam and marmalade production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Exports from Nigeria

In 2022, shipments abroad of homogenised preparations of jams, fruit jellies and marmalades decreased by -80.4% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, posted strong growth. The pace of growth was the most pronounced in 2019 when exports increased by 237% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, homogenised jam and marmalade exports soared to $X in 2022. In general, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 70% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Benin (X tons), the UK (X kg) and the Netherlands (X kg) were the main destinations of homogenised jam and marmalade exports from Nigeria, together accounting for 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for Benin (with a CAGR of +4.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the UK ($X) remains the key foreign market for homogenised preparations of jams, fruit jellies and marmalades exports from Nigeria, comprising 84% of total exports. The second position in the ranking was taken by Benin ($X), with an 8.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK totaled -11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (-7.0% per year) and the Netherlands (0.0% per year).

Export Prices by Country

In 2022, the average homogenised jam and marmalade export price amounted to $X per ton, surging by 489% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+239.8%).

Imports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Imports into Nigeria

Homogenised jam and marmalade imports into Nigeria soared to X tons in 2022, growing by 142% on the previous year. In general, imports showed a tangible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 479%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, homogenised jam and marmalade imports skyrocketed to $X in 2022. Overall, imports, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2018 when imports increased by 448%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest homogenised jam and marmalade supplier to Nigeria, with a 53% share of total imports. Moreover, homogenised jam and marmalade imports from the United States exceeded the figures recorded by the second-largest supplier, Egypt (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+3.3% per year) and the Netherlands (+54.2% per year).

In value terms, the largest homogenised jam and marmalade suppliers to Nigeria were the United States ($X), Egypt ($X) and the Netherlands ($X), with a combined 79% share of total imports.

The Netherlands, with a CAGR of +40.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average homogenised jam and marmalade import price amounted to $X per ton, which is down by -38.3% against the previous year. In general, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of 62% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+81.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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