Nigeria: Market for Jams, Jellies, Puree And Pastes 2024

Market Size for Jams, Jellies, Puree And Pastes in Nigeria

The Nigerien market for jams, jellies, puree and pastes expanded significantly to $X in 2021, with an increase of 11% against the previous year. In general, consumption showed a strong increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Jams, Jellies, Puree And Pastes in Nigeria

In value terms, jam, jelly, puree and paste production expanded sharply to $X in 2021 estimated in export price. In general, production continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 65%. Jam, jelly, puree and paste production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Jams, Jellies, Puree And Pastes

Exports from Nigeria

In 2021, exports of jams, jellies, puree and pastes from Nigeria contracted significantly to X tons, reducing by -61.6% on the previous year. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,495%. As a result, the exports attained the peak of X tons, and then contracted notably in the following year.

In value terms, jam, jelly, puree and paste exports reduced markedly to $X in 2021. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 693% against the previous year. As a result, the exports attained the peak of $X, and then reduced remarkably in the following year.

Exports by Country

Russia (X tons) was the main destination for jam, jelly, puree and paste exports from Nigeria, accounting for a 57% share of total exports. Moreover, jam, jelly, puree and paste exports to Russia exceeded the volume sent to the second major destination, France (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Russia stood at +41.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and Cote d'Ivoire (+39.8% per year).

In value terms, Russia ($X) emerged as the key foreign market for jams, jellies, puree and pastes exports from Nigeria, comprising 47% of total exports. The second position in the ranking was taken by France ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +49.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and Cote d'Ivoire (+40.6% per year).

Export Prices by Country

The average export price for jams, jellies, puree and pastes stood at $X per ton in 2021, jumping by 38% against the previous year. In general, the export price continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2014 an increase of 112% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Russia ($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 Russia (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jams, Jellies, Puree And Pastes

Imports into Nigeria

After four years of growth, supplies from abroad of jams, jellies, puree and pastes decreased by -9.3% to X tons in 2021. Over the period under review, imports showed a mild decline. The most prominent rate of growth was recorded in 2020 when imports increased by 44% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, jam, jelly, puree and paste imports soared to $X in 2021. Overall, imports saw a pronounced setback. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Barbados (X tons) constituted the largest supplier of jam, jelly, puree and paste to Nigeria, accounting for a 46% share of total imports. Moreover, jam, jelly, puree and paste imports from Barbados exceeded the figures recorded by the second-largest supplier, Kenya (X tons), fourfold. The third position in this ranking was taken by India (X tons), with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume from Barbados amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (+18.2% per year) and India (+51.1% per year).

In value terms, Barbados ($X), the Netherlands ($X) and Kenya ($X) constituted the largest jam, jelly, puree and paste suppliers to Nigeria, together comprising 45% of total imports. India, Denmark, China and Thailand lagged somewhat behind, together comprising a further 25%.

Among the main suppliers, India, with a CAGR of +53.7%, 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

The average import price for jams, jellies, puree and pastes stood at $X per ton in 2021, increasing by 71% against the previous year. Overall, the import price, however, showed a mild reduction. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Denmark ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kenya (+29.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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