Report Update Feb 1, 2025

Nigeria - Olives (Prepared or Preserved ) - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Preserved Olive Market 2025

Preserved Olive Market Size in Nigeria

In 2021, after six years of growth, there was decline in the Nigerien preserved olive market, when its value decreased by -1% to $X. In general, consumption, however, continues to indicate a significant increase. Preserved olive consumption peaked at $X in 2020, and then shrank modestly in the following year.

Preserved Olive Production in Nigeria

In value terms, preserved olive production dropped modestly to $X in 2021 estimated in export price. Overall, production, however, saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 93% against the previous year. Preserved olive production peaked at $X in 2020, and then fell modestly in the following year.

Preserved Olive Exports

Exports from Nigeria

In 2015, the amount of olives prepared or preserved exported from Nigeria totaled X kg, remaining relatively unchanged against 2014. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2015 and are expected to retain growth in years to come.

In value terms, preserved olive exports amounted to $X in 2015. Overall, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2015 and are likely to see gradual growth in the immediate term.

Exports by Country

Cote d'Ivoire (X kg) was the main destination for preserved olive exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2015 to 2015, the average annual growth rate of volume to Cote d'Ivoire was relatively modest.

From 2015 to 2015, the average annual rate of growth in terms of value to Cote d'Ivoire was relatively modest.

Preserved Olive Imports

Imports into Nigeria

After two years of growth, purchases abroad of olives prepared or preserved decreased by -63.6% to X tons in 2021. Over the period under review, imports, however, saw a temperate increase. The pace of growth was the most pronounced in 2016 with an increase of 2,072%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved olive imports shrank significantly to $X in 2021. Overall, imports, however, continue to indicate a temperate expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 2,515%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Lebanon (X tons), China (X tons) and Spain (X tons) were the main suppliers of preserved olive imports to Nigeria, together comprising 34% of total imports. Germany, Turkey, the Netherlands, the United Arab Emirates, the United States, Morocco and Egypt lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +74.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved olive suppliers to Nigeria were Lebanon ($X), Spain ($X) and Germany ($X), with a combined 23% share of total imports. Turkey, Morocco, the United Arab Emirates, China, the Netherlands, the United States and Egypt lagged somewhat behind, together comprising a further 21%.

In terms of the main suppliers, Turkey, with a CAGR of +57.8%, saw the highest rates of growth with regard to 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

In 2021, the average preserved olive import price amounted to $X per ton, surging by 27% against the previous year. Overall, the import price, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2014 an increase of 31% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Morocco ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for olives prepared or preserved in the world?

The countries with the highest volumes of in 2021 were the United States, Spain and Italy, together accounting for 38% of global consumption.

What are the largest producers of olives prepared or preserved in the world?

Spain remains the largest preserved olive producing country worldwide, comprising approx. 30% of total volume. Moreover, preserved olive production in Spain exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Greece, with a 6.3% share.

What are the leading suppliers of olives prepared or preserved to Nigeria?

In value terms, South Africa constituted the largest supplier of preserved olive to Nigeria, comprising 59% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with a 21% share of total imports.

What is the average export price for olives prepared or preserved in Nigeria?

In 2015, the average preserved olive export price amounted to $5,236 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for olives prepared or preserved in Nigeria?

The average preserved olive import price stood at $1,805 per ton in 2021, picking up by 128% against the previous year.

This report provides an in-depth analysis of the preserved olive market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10391770 - Prepared or preserved olives (excluding prepared vegetable dishes and olives dried, frozen or preserved by vinegar or acetic acid)

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024