Nigeria: Market for Frozen Fruits And Vegetables 2024

Market Size for Frozen Fruits And Vegetables in Nigeria

The Nigerien frozen fruits and vegetables market rose remarkably to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption recorded a strong increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Frozen Fruits And Vegetables in Nigeria

In value terms, frozen fruits and vegetables production expanded rapidly to $X in 2022 estimated in export price. In general, production showed a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Frozen fruits and vegetables production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Frozen Fruits And Vegetables

Exports from Nigeria

In 2022, shipments abroad of frozen fruits and vegetables decreased by X% to X tons, falling for the fourth consecutive year after two years of decline. In general, exports saw a dramatic setback. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, frozen fruits and vegetables exports amounted to $X in 2022. Over the period under review, exports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X tons) was the main destination for frozen fruits and vegetables exports from Nigeria, with a X% share of total exports. Moreover, frozen fruits and vegetables exports to South Africa exceeded the volume sent to the second major destination, Bahrain (X kg), more than tenfold.

From 2013 to 2022, the average annual growth rate of volume to South Africa amounted to X%.

From 2013 to 2022, the average annual growth rate of value to South Africa stood at X%.

Export Prices by Country

The average frozen fruits and vegetables export price stood at $X per ton in 2022, remaining stable against the previous year. In general, the export price saw a pronounced increase. The pace of growth appeared the most rapid in 2019 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to South Africa amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced a decline.

Imports of Frozen Fruits And Vegetables

Imports into Nigeria

In 2022, imports of frozen fruits and vegetables into Nigeria surged to X tons, picking up by X% against the previous year's figure. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, frozen fruits and vegetables imports surged to $X in 2022. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of frozen fruits and vegetables to Nigeria, with a X% share of total imports. Moreover, frozen fruits and vegetables imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. Thailand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Thailand (X% per year).

In value terms, the largest frozen fruits and vegetables suppliers to Nigeria were China ($X), Belgium ($X) and Thailand ($X), together accounting for X% of total imports. The UK, South Africa, Brazil, India and the Netherlands lagged somewhat behind, together accounting for a further X%.

Brazil, with a CAGR of X%, saw 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 frozen fruits and vegetables import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2018; however, from 2019 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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