Nigeria: Market for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes 2024

Market Size for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Nigeria

The Nigerien fruit or nut preserves market dropped rapidly to $X in 2021, falling by -19.9% against the previous year. Over the period under review, consumption, however, continues to indicate a buoyant expansion. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

Production of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Nigeria

In value terms, fruit or nut preserves production fell markedly to $X in 2021 estimated in export price. Overall, production, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 71% against the previous year. As a result, production reached the peak level of $X, and then reduced dramatically in the following year.

Exports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Exports from Nigeria

In 2021, the amount of jams, marmalades, fruit jellies, fruit or nut purees and pastes exported from Nigeria skyrocketed to X tons, growing by 46% against the previous year. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 432% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, fruit or nut preserves exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 429% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Niger (X tons) was the main destination for fruit or nut preserves exports from Nigeria, with a 89% share of total exports. Moreover, fruit or nut preserves exports to Niger exceeded the volume sent to the second major destination, Russia (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Niger amounted to +39.4%.

In value terms, the largest markets for fruit or nut preserves exported from Nigeria were Niger ($X) and Russia ($X).

In terms of the main countries of destination, Russia, with a CAGR of +47.8%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average fruit or nut preserves export price amounted to $X per ton, picking up by 11% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fruit or nut preserves export price increased by +98.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 56%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Niger amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+21.4%).

Imports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Imports into Nigeria

In 2021, fruit or nut preserves imports into Nigeria declined markedly to X tons, waning by -17.4% against 2020. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 97%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, fruit or nut preserves imports soared to $X in 2021. In general, imports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 68%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Barbados (X tons) constituted the largest fruit or nut preserves supplier to Nigeria, accounting for a 51% share of total imports. Moreover, fruit or nut preserves imports from Barbados exceeded the figures recorded by the second-largest supplier, Kenya (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from Barbados totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (+18.6% per year) and the Netherlands (-10.2% per year).

In value terms, the largest fruit or nut preserves suppliers to Nigeria were Barbados ($X), the Netherlands ($X) and Kenya ($X), with a combined 55% share of total imports.

Kenya, with a CAGR of +56.4%, 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

The average fruit or nut preserves import price stood at $X per ton in 2021, with an increase of 56% against the previous year. Overall, the import price, however, continues to indicate a slight setback. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Pakistan ($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 (+31.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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