Price for Wine; Still, in Containers Holding More than 2 Litres in Nigeria - 2022
Contents:
- Price for Wine; Still, in Containers Holding More than 2 Litres in Nigeria (CIF) - 2022
- Price for Wine; Still, in Containers Holding More than 2 Litres in Nigeria (FOB) - 2022
- Imports of Wine; Still, in Containers Holding More than 2 Litres in Nigeria
- Exports of Wine; Still, in Containers Holding More than 2 Litres in Nigeria
Price for Wine; Still, in Containers Holding More than 2 Litres in Nigeria (CIF) - 2022
In 2022, the average import price for wine; still, in containers holding more than 2 litreses amounted to $0.8 per litre, shrinking by -3.8% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for wine; still, in containers holding more than 2 litreses decreased by -5.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 72%. Over the period under review, average import prices reached the peak figure at $1.1 per litre in 2016; however, from 2017 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 the United States ($1.9 per litre), while the price for France ($0.6 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wine; Still, in Containers Holding More than 2 Litres in Nigeria (FOB) - 2022
In 2022, the average export price for wine; still, in containers holding more than 2 litreses amounted to $0.2 per litre, with a decrease of -14.8% against the previous year. In general, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 when the average export price increased by 54%. As a result, the export price reached the peak level of $3.2 per litre. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($0.3 per litre), while the average price for exports to Benin ($0.1 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 (+4.6%), while the prices for the other major destinations experienced a decline.
Imports of Wine; Still, in Containers Holding More than 2 Litres in Nigeria
In 2022, supplies from abroad of wine; still, in containers holding more than 2 litreses increased by 129% to 738K litres for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a precipitous descent. Over the period under review, imports of hit record highs at 1.5M litres in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of wine; still, in containers holding more than 2 litreses surged to $598K in 2022. Over the period under review, imports, however, recorded a abrupt downturn. Over the period under review, imports of hit record highs at $1.1M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Wine; Still, in Containers Holding More than 2 Litres in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 6.1 | 0.6 | 11.0 | 300 | 266.4% |
| China | 86.9 | 5.8 | 98.4 | 104 | 6.2% |
| United Kingdom | 212 | N/A | N/A | 65.9 | -32.3% |
| Spain | 388 | N/A | 4.2 | 49.2 | -49.8% |
| Italy | 120 | 63.8 | 6.1 | 45.4 | -27.7% |
| South Africa | 219 | 573 | 139 | 16.7 | -57.6% |
| Ghana | N/A | 298 | N/A | N/A | 0% |
| Others | 45.1 | 44.0 | 12.3 | 17.4 | -27.2% |
| Total | 1,077 | 986 | 271 | 598 | -17.8% |
Top Suppliers of Wine; Still, in Containers Holding More than 2 Litres to Nigeria in 2022:
- France (488.5K litres)
- China (83.9K litres)
- United Kingdom (63.2K litres)
- Spain (47.3K litres)
- Italy (33.7K litres)
- South Africa (11.2K litres)
Exports of Wine; Still, in Containers Holding More than 2 Litres in Nigeria
Exports of wine; still, in containers holding more than 2 litreses from Nigeria soared to 93K litres in 2022, increasing by 164% compared with 2021 figures. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 2,025% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of wine; still, in containers holding more than 2 litreses skyrocketed to $19K in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 301%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.
| Export of Wine; Still, in Containers Holding More than 2 Litres in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | N/A | N/A | N/A | 15.4 | 0% |
| Benin | N/A | 1.7 | 5.8 | 1.6 | -3.0% |
| Senegal | N/A | N/A | N/A | 1.3 | 0% |
| Spain | 0.1 | N/A | N/A | 0.4 | 58.7% |
| Others | 0.6 | 0.5 | 2.8 | 0.6 | 0.0% |
| Total | 0.6 | 2.1 | 8.6 | 19.3 | 218.0% |
Top Export Markets for Wine; Still, in Containers Holding More than 2 Litres from Nigeria in 2022:
- Burkina Faso (73.3K litres)
- Benin (10.9K litres)
- Senegal (4.2K litres)
- Spain (1.7K litres)
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