Price for Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Nigeria - 2023

Contents:

  1. Price for Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Nigeria (CIF) - 2022
  2. Price for Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Nigeria (FOB) - 2022
  3. Imports of Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Nigeria
  4. Exports of Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Nigeria

Price for Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Nigeria (CIF) - 2022

The average import price for apricots, cherries, peaches (including nectarines), plums and sloes, freshes stood at $980 per ton in 2022, with an increase of 26% against the previous year. In general, the import price enjoyed a modest increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 72% against the previous year. The import price peaked at $1,787 per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 South Africa ($1,086 per ton), while the price for the UK ($668 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+81.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Nigeria (FOB) - 2022

The average export price for apricots, cherries, peaches (including nectarines), plums and sloes, freshes stood at $2,486 per ton in 2022, declining by -3.8% against the previous year. Over the period under review, the export price recorded a deep downturn. The export price peaked at $6,800 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($11,861 per ton), while the average price for exports to Belgium ($215 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+38.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Nigeria

In 2022, the amount of apricots, cherries, peaches (including nectarines), plums and sloes, freshes imported into Nigeria soared to 3.5K tons, jumping by 300% on 2021. Over the period under review, imports, however, showed a abrupt slump.

In value terms, imports of apricots, cherries, peaches (including nectarines), plums and sloes, freshes skyrocketed to $3.5M in 2022. In general, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom80.2N/AN/A1,067137.0%
South Africa18047.033756446.3%
Italy5.0N/AN/A89.1161.2%
Spain1,00361.3N/A18.0-73.8%
United Arab Emirates34.645.2N/AN/A30.6%
Others1,3202313541,7379.6%
Total2,6223846913,4759.8%

Top Suppliers of Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh to Nigeria in 2022:

  1. United Kingdom (1596.0 tons)
  2. South Africa (519.1 tons)
  3. Italy (107.0 tons)
  4. Spain (19.0 tons)

Exports of Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Nigeria

In 2022, exports of apricots, cherries, peaches (including nectarines), plums and sloes, freshes from Nigeria surged to 775 kg, with an increase of 496% compared with the previous year. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 2,500% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of apricots, cherries, peaches (including nectarines), plums and sloes, freshes soared to $1.9K in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 888%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Nigeria (USD)
COUNTRY202020212022CAGR,
2020-2022
United Arab EmiratesN/AN/A1,6250%
Canada34.016.0146107.2%
BelgiumN/AN/A1240%
NigerN/A12032.0-73.3%
IrelandN/A200N/A0%
OthersN/AN/AN/A0%
Total34.03361,927652.8%

Top Export Markets for Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh from Nigeria in 2022:

  1. Belgium (577.0 kg)
  2. United Arab Emirates (137.0 kg)
  3. Canada (41.0 kg)
  4. Niger (20.0 kg)

Source: IndexBox Market Intelligence Platform

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