Nigeria: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in Nigeria

The Nigerien market for peel of citrus fruit or melons totaled $X in 2021, growing by 1.7% against the previous year. Over the period under review, consumption showed a prominent expansion. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Peel Of Citrus Fruit Or Melons in Nigeria

In value terms, citrus fruit or melons peel production reached $X in 2021 estimated in export price. Over the period under review, production showed strong growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 106%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Peel Of Citrus Fruit Or Melons

Exports from Nigeria

Citrus fruit or melons peel exports from Nigeria dropped markedly to X tons in 2021, with a decrease of -43.9% against the previous year's figure. In general, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2015 when exports increased by 4,692%. Over the period under review, the exports hit record highs at X tons in 2020, and then fell sharply in the following year.

In value terms, citrus fruit or melons peel exports declined rapidly to $X in 2021. Over the period under review, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 3,208% against the previous year. The exports peaked at $X in 2020, and then contracted rapidly in the following year.

Exports by Country

Germany (X tons) was the main destination for citrus fruit or melons peel exports from Nigeria, with a 42% share of total exports. Moreover, citrus fruit or melons peel exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was held by Poland (X tons), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+34.0% per year) and Poland (+13.8% per year).

In value terms, Germany ($X) remains the key foreign market for peel of citrus fruit or melons exports from Nigeria, comprising 42% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 8.6% share of total exports. It was followed by Poland, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+35.6% per year) and Poland (+20.6% per year).

Export Prices by Country

In 2021, the average export price for peel of citrus fruit or melons amounted to $X per ton, shrinking by -10.2% against the previous year. Overall, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, citrus fruit or melons peel export price decreased by -44.5% against 2014 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 63%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Poland ($X per ton) and Russia ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Peel Of Citrus Fruit Or Melons

Imports into Nigeria

In 2021, after two years of decline, there was significant growth in purchases abroad of peel of citrus fruit or melons, when their volume increased by 429% to X tons. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 18,104%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, citrus fruit or melons peel imports soared to $X in 2021. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2018 when imports increased by 13,100% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main citrus fruit or melons peel supplier to Nigeria, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +57.2%.

In value terms, China ($X) constituted the largest supplier of peel of citrus fruit or melons to Nigeria.

From 2012 to 2021, the average annual growth rate of value from China stood at +73.2%.

Import Prices by Country

The average import price for peel of citrus fruit or melons stood at $X per ton in 2021, declining by -47.8% against the previous year. Overall, the import price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 an increase of 99% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced markedly in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +10.1% per year.

Source: IndexBox Platform

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