Nigeria: Market for Non-Mineral or Non-Aerated Waters 2024

Market Size for Non-Mineral or Non-Aerated Waters in Nigeria

The Nigerien non-mineral or non-aerated water market dropped modestly to $X in 2021, almost unchanged from the previous year. In general, consumption showed a resilient increase. Over the period under review, the market hit record highs at $X in 2018; afterwards, it flattened through to 2021.

Production of Non-Mineral or Non-Aerated Waters in Nigeria

In value terms, non-mineral or non-aerated water production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production posted resilient growth. The growth pace was the most rapid in 2017 with an increase of 77% against the previous year. Non-mineral or non-aerated water production peaked at $X in 2018; afterwards, it flattened through to 2021.

Exports of Non-Mineral or Non-Aerated Waters

Exports from Nigeria

In 2021, overseas shipments of non-mineral or non-aerated waters decreased by -65.5% to X litres for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by 659%. Over the period under review, the exports reached the maximum at X litres in 2020, and then reduced remarkably in the following year.

In value terms, non-mineral or non-aerated water exports dropped notably to $X in 2021. Overall, exports saw a slight slump. The pace of growth was the most pronounced in 2015 when exports increased by 369%. Over the period under review, the exports attained the peak figure at $X in 2020, and then declined significantly in the following year.

Exports by Country

The United Arab Emirates (X litres) was the main destination for non-mineral or non-aerated water exports from Nigeria, with a 57% share of total exports. Moreover, non-mineral or non-aerated water exports to the United Arab Emirates exceeded the volume sent to the second major destination, Benin (X litres), threefold. Germany (X litres) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +321.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (-23.6% per year) and Germany (+27.7% per year).

In value terms, the largest markets for non-mineral or non-aerated water exported from Nigeria were Germany ($X), Benin ($X) and the United Arab Emirates ($X), with a combined 49% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +34.8%, 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 a decline.

Export Prices by Country

The average non-mineral or non-aerated water export price stood at $X per litre in 2021, growing by 11% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2017 an increase of 71% against the previous year. Over the period under review, the average export prices hit record highs at $X per litre in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 Germany ($X per litre), while the average price for exports to the United Arab Emirates ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Mineral or Non-Aerated Waters

Imports into Nigeria

In 2021, overseas purchases of non-mineral or non-aerated waters were finally on the rise to reach X litres after two years of decline. Overall, imports enjoyed strong growth. The pace of growth was the most pronounced in 2018 when imports increased by 1,619%. As a result, imports reached the peak of X litres. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, non-mineral or non-aerated water imports skyrocketed to $X in 2021. Over the period under review, imports posted temperate growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,911% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the UK (X litres) constituted the largest non-mineral or non-aerated water supplier to Nigeria, accounting for a 88% share of total imports. Moreover, non-mineral or non-aerated water imports from the UK exceeded the figures recorded by the second-largest supplier, Norway (X litres), more than tenfold. The third position in this ranking was taken by Turkey (X litres), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK amounted to +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+8.6% per year) and Turkey (+41.1% per year).

In value terms, the UK ($X) constituted the largest supplier of non-mineral or non-aerated waters to Nigeria, comprising 79% of total imports. The second position in the ranking was taken by Norway ($X), with a 9.5% share of total imports. It was followed by South Africa, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+9.8% per year) and South Africa (-20.5% per year).

Import Prices by Country

In 2021, the average non-mineral or non-aerated water import price amounted to $X per litre, shrinking by -35.3% against the previous year. Over the period under review, the import price showed a perceptible setback. The pace of growth was the most pronounced in 2014 an increase of 483% against the previous year. As a result, import price reached the peak level of $X per litre. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per litre), while the price for Turkey ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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