Nigeria: Market for Wine Of Fresh Grapes (Except Sparkling Wine) 2024

Market Size for Wine Of Fresh Grapes (Except Sparkling Wine) in Nigeria

The Nigerien wine of fresh grapes market skyrocketed to $X in 2022, increasing by 6,553% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Wine Of Fresh Grapes (Except Sparkling Wine)

Exports from Nigeria

After two years of decline, shipments abroad of wine of fresh grapes (except sparkling wine) increased by 28% to X litres in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 153%. Over the period under review, the exports hit record highs at X litres in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, wine of fresh grapes exports contracted significantly to $X in 2022. Over the period under review, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of 101%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X litres) was the main destination for wine of fresh grapes exports from Nigeria, accounting for a 85% share of total exports. Moreover, wine of fresh grapes exports to the UK exceeded the volume sent to the second major destination, Cote d'Ivoire (X litres), eightfold.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+65.7% per year) and Benin (+57.4% per year).

In value terms, the largest markets for wine of fresh grapes exported from Nigeria were Cote d'Ivoire ($X), the UK ($X) and Benin ($X), together accounting for 97% of total exports.

Among the main countries of destination, Cote d'Ivoire, with a CAGR of +64.1%, saw 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

In 2022, the average wine of fresh grapes export price amounted to $X per litre, shrinking by -38.5% against the previous year. Over the period under review, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2021 when the average export price increased by 29%. The export price peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per litre), while the average price for exports to the UK ($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 Cote d'Ivoire (-1.0%), while the prices for the other major destinations experienced a decline.

Imports of Wine Of Fresh Grapes (Except Sparkling Wine)

Imports into Nigeria

Wine of fresh grapes imports into Nigeria soared to X litres in 2022, picking up by 8,148% compared with the previous year's figure. Over the period under review, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wine of fresh grapes imports surged to $X in 2022. In general, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X litres), South Africa (X litres) and the United States (X litres) were the main suppliers of wine of fresh grapes imports to Nigeria, with a combined 86% share of total imports. France, Italy, Chile, China and the UK lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +33.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Spain ($X) and South Africa ($X) appeared to be the largest wine of fresh grapes suppliers to Nigeria, together comprising 75% of total imports. France, Italy, Chile, China and the UK lagged somewhat behind, together comprising a further 16%.

Chile, with a CAGR of +33.3%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 wine of fresh grapes import price amounted to $X per litre, waning by -34.7% against the previous year. Overall, the import price recorded a perceptible contraction. The growth pace was the most rapid in 2021 an increase of 36% against the previous year. The import price peaked at $X per litre in 2016; however, from 2017 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 the UK ($X per litre), while the price for Spain ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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