Nigeria: Market for Mineral or Aerated Waters 2025

Market Size for Mineral or Aerated Waters in Nigeria

The Nigerien mineral or aerated water market reached $X in 2022, surging by 3.1% against the previous year. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +9.9% against 2019 indices. Mineral or aerated water consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Mineral or Aerated Waters in Nigeria

In value terms, mineral or aerated water production expanded modestly to $X in 2022 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +15.5% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 54% against the previous year. Mineral or aerated water production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Mineral or Aerated Waters

Exports from Nigeria

In 2022, after four years of growth, there was significant decline in shipments abroad of mineral or aerated waters, when their volume decreased by -25.9% to X tons. In general, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 303% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped rapidly in the following year.

In value terms, mineral or aerated water exports contracted significantly to $X in 2022. Overall, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 398%. The exports peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Niger (X tons) was the main destination for mineral or aerated water exports from Nigeria, accounting for a 33% share of total exports. Moreover, mineral or aerated water exports to Niger exceeded the volume sent to the second major destination, Spain (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Niger stood at +23.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+90.1% per year) and Germany (+53.9% per year).

In value terms, the largest markets for mineral or aerated water exported from Nigeria were Niger ($X), Spain ($X) and Germany ($X), with a combined 71% share of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +109.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mineral or aerated water export price stood at $X per ton in 2022, picking up by 5% against the previous year. Overall, the export price continues to indicate mild growth. The pace of growth appeared the most rapid in 2015 an increase of 88%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Germany ($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 Ghana (+38.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mineral or Aerated Waters

Imports into Nigeria

In 2022, the amount of mineral or aerated waters imported into Nigeria reduced markedly to X tons, declining by -33.1% on the previous year. Over the period under review, imports, however, enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2021 with an increase of 197% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, mineral or aerated water imports shrank significantly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 156% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Turkey (X tons) and the United States (X tons) were the main suppliers of mineral or aerated water imports to Nigeria, with a combined 57% share of total imports. France, Switzerland and Italy lagged somewhat behind, together comprising a further 5.7%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +94.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Turkey ($X) and the United States ($X) constituted the largest mineral or aerated water suppliers to Nigeria, together comprising 53% of total imports. France, Italy and Switzerland lagged somewhat behind, together accounting for a further 4.3%.

Switzerland, with a CAGR of +64.6%, 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 mineral or aerated water import price amounted to $X per ton, with an increase of 6.8% against the previous year. In general, the import price, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2019 an increase of 88%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, 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 Italy ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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