Nigeria: Grape Wine Spirits Market 2024

Grape Wine Spirits Exports

Exports from Nigeria

In 2022, overseas shipments of spirits obtained from distilled grape wine or grape marc decreased by -51% to X litres, falling for the third consecutive year after three years of growth. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 with an increase of 525% against the previous year. As a result, the exports reached the peak of X litres. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, grape wine spirits exports contracted to $X in 2022. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 when exports increased by 606% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X litres) was the main destination for grape wine spirits exports from Nigeria, accounting for a 70% share of total exports. Moreover, grape wine spirits exports to the UK exceeded the volume sent to the second major destination, Niger (X litres), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled -18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (0.0% per year) and South Africa (+24.9% per year).

In value terms, the UK ($X) remains the key foreign market for spirits obtained from distilled grape wine or grape marc exports from Nigeria, comprising 89% of total exports. The second position in the ranking was taken by Niger ($X), with a 6.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (0.0% per year) and South Africa (+27.7% per year).

Export Prices by Country

The average grape wine spirits export price stood at $X per litre in 2022, picking up by 92% against the previous year. In general, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of 598% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per litre), while the average price for exports to South Africa ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+15.1%), while the prices for the other major destinations experienced a decline.

Grape Wine Spirits Imports

Imports into Nigeria

Grape wine spirits imports into Nigeria fell dramatically to X litres in 2022, with a decrease of -72.9% against 2021. Over the period under review, imports showed a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 1,106%. Over the period under review, imports attained the peak figure at X litres in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, grape wine spirits imports reduced sharply to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 903%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X litres) constituted the largest grape wine spirits supplier to Nigeria, accounting for a 74% share of total imports. Moreover, grape wine spirits imports from France exceeded the figures recorded by the second-largest supplier, Botswana (X litres), sevenfold. China (X litres) ranked third in terms of total imports with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Botswana (-16.5% per year) and China (-8.2% per year).

In value terms, France ($X) constituted the largest supplier of spirits obtained from distilled grape wine or grape marc to Nigeria, comprising 87% of total imports. The second position in the ranking was taken by Mexico ($X), with a 1.2% share of total imports. It was followed by China, with a 0.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-21.9% per year) and China (-11.0% per year).

Import Prices by Country

In 2022, the average grape wine spirits import price amounted to $X per litre, with an increase of 29% against the previous year. Overall, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of 76% against the previous year. The import price peaked at $X per litre in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per litre), while the price for Botswana ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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