Retailing in Nigeria

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,100	119 Pages	Euromonitor International	April, 2022	EP17095645

Best Price Guarantee
Price	from $2,100
Length	119 Pages
Publisher	Euromonitor International
Published Date	April, 2022
SKU	EP17095645

Retailing in Nigeria

In 2021, the Nigerian economy gradually recovered from the effect of the pandemic. The economic impact of the pandemic was exacerbated by a sharp decline in the price of crude oil – Nigeria’s main export – which led to a decline in the foreign-exchange value of the naira, resulting in increased import costs. The early months of the pandemic also saw significant supply-chain disruption. In 2021, the supply-chain disruption that marked 2020 did not reoccur, while restrictions on movement no longer...

Euromonitor International's Retailing in Nigeria report offers insight into key trends and developments driving the industry. The report examines all retail channels to provide sector insight. Channels include hypermarkets, supermarkets, discounters, convenience stores, mixed retailers, health and beauty retailers, clothing and footwear retailers, furniture and furnishing stores, DIY and hardware stores, durable goods retailers, leisure and personal goods retailers. There are profiles of leading retailers, with analysis of their performance and the challenges they face. There is also analysis of non-store retailing: vending; homeshopping; internet retailing; direct selling, as available.

Product coverage: Non-Store Retailing, Store-Based Retailing.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Retailing market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Retailing in Nigeria
Euromonitor International
April 2022
List Of Contents And Tables
RETAILING IN NIGERIA
EXECUTIVE SUMMARY
Retailing in 2021: The big picture
Competition intensifies in modern grocery retailing
E-commerce on the rise in non-grocery retailing
Modern grocery retail formats continue to gain ground on traditional outlets
What next for retailing?
OPERATING ENVIRONMENT
Informal retailing
Opening hours: Summary 1 Standard Opening Hours by Channel Type 2021
Physical retail landscape
Cash and carry
Seasonality
Christmas
Back to School
Payments
Delivery and collection
Emerging business models
MARKET DATA: Table 1 Sales in Retailing by Store-based vs Non-Store: Value 2016-2021; Table 2 Sales in Retailing by Store-based vs Non-Store: % Value Growth 2016-2021; Table 3 Sales in Store-based Retailing by Channel: Value 2016-2021; Table 4 Sales in Store-based Retailing by Channel: % Value Growth 2016-2021; Table 5 Store-based Retailing Outlets by Channel: Units 2016-2021; Table 6 Store-based Retailing Outlets by Channel: % Unit Growth 2016-2021; Table 7 Sales in Non-Store Retailing by Channel: Value 2016-2021; Table 8 Sales in Non-Store Retailing by Channel: % Value Growth 2016-2021; Table 9 Grocery Retailers: Value Sales, Outlets and Selling Space 2016-2021; Table 10 Grocery Retailers: Value Sales, Outlets and Selling Space: % Growth 2016-2021; Table 11 Sales in Grocery Retailers by Channel: Value 2016-2021; Table 12 Sales in Grocery Retailers by Channel: % Value Growth 2016-2021; Table 13 Grocery Retailers Outlets by Channel: Units 2016-2021; Table 14 Grocery Retailers Outlets by Channel: % Unit Growth 2016-2021; Table 15 Non-Grocery Specialists: Value Sales, Outlets and Selling Space 2016-2021; Table 16 Non-Grocery Specialists: Value Sales, Outlets and Selling Space: % Growth 2016-2021; Table 17 Sales in Non-Grocery Specialists by Channel: Value 2016-2021; Table 18 Sales in Non-Grocery Specialists by Channel: % Value Growth 2016-2021; Table 19 Non-Grocery Specialists Outlets by Channel: Units 2016-2021; Table 20 Non-Grocery Specialists Outlets by Channel: % Unit Growth 2016-2021; Table 21 Mixed Retailers: Value Sales, Outlets and Selling Space 2016-2021; Table 22 Mixed Retailers: Value Sales, Outlets and Selling Space: % Growth 2016-2021; Table 23 Sales in Mixed Retailers by Channel: Value 2016-2021; Table 24 Sales in Mixed Retailers by Channel: % Value Growth 2016-2021; Table 25 Mixed Retailers Outlets by Channel: Units 2016-2021; Table 26 Mixed Retailers Outlets by Channel: % Unit Growth 2016-2021; Table 27 Retailing GBO Company Shares: % Value 2017-2021; Table 28 Retailing GBN Brand Shares: % Value 2018-2021; Table 29 Store-based Retailing GBO Company Shares: % Value 2017-2021; Table 30 Store-based Retailing GBN Brand Shares: % Value 2018-2021; Table 31 Store-based Retailing LBN Brand Shares: Outlets 2018-2021; Table 32 Non-Store Retailing GBO Company Shares: % Value 2017-2021; Table 33 Non-Store Retailing GBN Brand Shares: % Value 2018-2021; Table 34 Grocery Retailers GBO Company Shares: % Value 2017-2021; Table 35 Grocery Retailers GBN Brand Shares: % Value 2018-2021; Table 36 Grocery Retailers LBN Brand Shares: Outlets 2018-2021; Table 37 Grocery Retailers LBN Brand Shares: Selling Space 2018-2021; Table 38 Non-Grocery Specialists GBO Company Shares: % Value 2017-2021; Table 39 Non-Grocery Specialists GBN Brand Shares: % Value 2018-2021; Table 40 Non-Grocery Specialists LBN Brand Shares: Outlets 2018-2021; Table 41 Non-Grocery Specialists LBN Brand Shares: Selling Space 2018-2021; Table 42 Mixed Retailers GBO Company Shares: % Value 2017-2021; Table 43 Mixed Retailers GBN Brand Shares: % Value 2018-2021; Table 44 Mixed Retailers LBN Brand Shares: Outlets 2018-2021; Table 45 Mixed Retailers LBN Brand Shares: Selling Space 2018-2021; Table 46 Forecast Sales in Retailing by Store-based vs Non-Store: Value 2021-2026; Table 47 Forecast Sales in Retailing by Store-based vs Non-Store: % Value Growth 2021-2026; Table 48 Forecast Sales in Store-based Retailing by Channel: Value 2021-2026; Table 49 Forecast Sales in Store-based Retailing by Channel: % Value Growth 2021-2026; Table 50 Forecast Store-based Retailing Outlets by Channel: Units 2021-2026; Table 51 Forecast Store-Based Retailing Outlets by Channel: % Unit Growth 2021-2026; Table 52 Forecast Sales in Non-Store Retailing by Channel: Value 2021-2026; Table 53 Forecast Sales in Non-Store Retailing by Channel: % Value Growth 2021-2026; Table 54 Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space 2021-2026; Table 55 Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2021-2026; Table 56 Forecast Sales in Grocery Retailers by Channel: Value 2021-2026; Table 57 Forecast Sales in Grocery Retailers by Channel: % Value Growth 2021-2026; Table 58 Forecast Grocery Retailers Outlets by Channel: Units 2021-2026; Table 59 Forecast Grocery Retailers Outlets by Channel: % Unit Growth 2021-2026; Table 60 Non-Grocery Specialists Forecasts: Value Sales, Outlets and Selling Space 2021-2026; Table 61 Non-Grocery Specialists Forecasts: Value Sales, Outlets and Selling Space: % Growth 2021-2026; Table 62 Forecast Sales in Non-Grocery Specialists by Channel: Value 2021-2026; Table 63 Forecast Sales in Non-Grocery Specialists by Channel: % Value Growth 2021-2026; Table 64 Forecast Non-Grocery Specialists Outlets by Channel: Units 2021-2026; Table 65 Forecast Non-Grocery Specialists Outlets by Channel: % Unit Growth 2021-2026; Table 66 Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space 2021-2026; Table 67 Mixed Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2021-2026; Table 68 Forecast Sales in Mixed Retailers by Channel: Value 2021-2026; Table 69 Forecast Sales in Mixed Retailers by Channel: % Value Growth 2021-2026; Table 70 Forecast Mixed Retailers Outlets by Channel: Units 2021-2026; Table 71 Forecast Mixed Retailers Outlets by Channel: % Unit Growth 2021-2026
DISCLAIMER
SOURCES: Summary 2 Research Sources
CONVENIENCE STORES IN NIGERIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Easing of COVID-19 restrictions helps drive rebound in retail current value sales
Best Choice closes outlets
Addide focuses on e-commerce and social media to draw customers
PROSPECTS AND OPPORTUNITIES
Economic recovery will boost demand
Omnichannel approach will be crucial
Government campaign to make traditional grocery retailers tax compliant should make convenience stores more competitive on price
CHANNEL DATA: Table 72 Convenience Stores: Value Sales, Outlets and Selling Space 2016-2021; Table 73 Convenience Stores: Value Sales, Outlets and Selling Space: % Growth 2016-2021; Table 74 Convenience Stores GBO Company Shares: % Value 2017-2021; Table 75 Convenience Stores GBN Brand Shares: % Value 2018-2021; Table 76 Convenience Stores LBN Brand Shares: Outlets 2018-2021; Table 77 Convenience Stores LBN Brand Shares: Selling Space 2018-2021; Table 78 Convenience Stores Forecasts: Value Sales, Outlets and Selling Space 2021-2026; Table 79 Convenience Stores Forecasts: Value Sales, Outlets and Selling Space: % Growth 2021-2026
DISCOUNTERS IN NIGERIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Heightened price-sensitivity benefits discounters
With its localised approach, Jara continues to rapidly expand in Nigeria
Xenophobic rioting leads South African banner U-Save to exit
PROSPECTS AND OPPORTUNITIES
increase in import costs makes discounters less competitive on price
Discounters will seek to foster domestic supply chains
New entrants will help to drive growth in store numbers
CHANNEL DATA: Table 80 Discounters: Value Sales, Outlets and Selling Space 2016-2021; Table 81 Discounters: Value Sales, Outlets and Selling Space: % Growth 2016-2021; Table 82 Discounters GBO Company Shares: % Value 2017-2021; Table 83 Discounters GBN Brand Shares: % Value 2018-2021; Table 84 Discounters LBN Brand Shares: Outlets 2018-2021; Table 85 Discounters LBN Brand Shares: Selling Space 2018-2021; Table 86 Discounters Forecasts: Value Sales, Outlets and Selling Space 2021-2026; Table 87 Discounters Forecasts: Value Sales, Outlets and Selling Space: % Growth 2021-2026
HYPERMARKETS IN NIGERIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Recovery in retail current value sales is sluggish
New store openings stall
Shoprite reviews its operating strategy
PROSPECTS AND OPPORTUNITIES
Increase in the number of outlets will support value growth
Threats from other modern grocery retailers will persist
Entry of Pick n Pay intensifies competition
CHANNEL DATA: Table 88 Hypermarkets: Value Sales, Outlets and Selling Space 2016-2021; Table 89 Hypermarkets: Value Sales, Outlets and Selling Space: % Growth 2016-2021; Table 90 Hypermarkets GBO Company Shares: % Value 2017-2021; Table 91 Hypermarkets GBN Brand Shares: % Value 2018-2021; Table 92 Hypermarkets LBN Brand Shares: Outlets 2018-2021; Table 93 Hypermarkets LBN Brand Shares: Selling Space 2018-2021; Table 94 Hypermarkets Forecasts: Value Sales, Outlets and Selling Space 2021-2026; Table 95 Hypermarkets Forecasts: Value Sales, Outlets and Selling Space: % Growth 2021-2026
SUPERMARKETS IN NIGERIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Supermarkets benefit from change in consumer shopping behaviour
Sundry Markets continues to expand its store network
Well-established Spar maintains leading status in the sales channel
PROSPECTS AND OPPORTUNITIES
Economic revival and supply-chain stability will buoy the rate of growth in retail current value sales
Small investors will help to drive strong growth in store numbers
With internet use on the rise, e-commerce will grow in importance
CHANNEL DATA: Table 96 Supermarkets: Value Sales, Outlets and Selling Space 2016-2021; Table 97 Supermarkets: Value Sales, Outlets and Selling Space: % Growth 2016-2021; Table 98 Supermarkets GBO Company Shares: % Value 2017-2021; Table 99 Supermarkets GBN Brand Shares: % Value 2018-2021; Table 100 Supermarkets LBN Brand Shares: Outlets 2018-2021; Table 101 Supermarkets LBN Brand Shares: Selling Space 2018-2021; Table 102 Supermarkets Forecasts: Value Sales, Outlets and Selling Space 2021-2026; Table 103 Supermarkets Forecasts: Value Sales, Outlets and Selling Space: % Growth 2021-2026
TRADITIONAL GROCERY RETAILERS IN NIGERIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Traditional grocery retailers continue to come under pressure from the expansion of modern grocery retail outlets
Significant potential for growth in mobile payments if the central bank plays ball
Traditional grocery retailers receive support from Fintech
PROSPECTS AND OPPORTUNITIES
Traditional grocery retailers will continue to dominate the grocery retailing landscape
Cash will slowly give way to alternative forms of payment
Expansion of modern grocery retailers will continue to pose a threat to traditional grocery retailers
CHANNEL DATA: Table 104 Traditional Grocery Retailers: Value Sales, Outlets and Selling Space 2016-2021; Table 105 Traditional Grocery Retailers: Value Sales, Outlets and Selling Space: % Growth 2016-2021; Table 106 Traditional Grocery Retailers GBO Company Shares: % Value 2017-2021; Table 107 Traditional Grocery Retailers GBN Brand Shares: % Value 2018-2021; Table 108 Traditional Grocery Retailers LBN Brand Shares: Outlets 2018-2021; Table 109 Traditional Grocery Retailers LBN Brand Shares: Selling Space 2018-2021; Table 110 Traditional Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space 2021-2026; Table 111 Traditional Grocery Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2021-2026
APPAREL AND FOOTWEAR SPECIALIST RETAILERS IN NIGERIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Recovery is subdued, with informal retailers and second-hand clothes dealers continuing to account for the bulk of retail current value sales
Local textile industry continues to struggle despite government intervention
Mr Price pulls the plug, blaming the country’s “volatility”
PROSPECTS AND OPPORTUNITIES
As the economy recovers, new brands are expected to emerge
A renewed appreciation of traditional clothing will benefit local apparel and footwear specialist retailers
As internet use continues to expand, social media will grow in importance as a marketing tool
CHANNEL DATA: Table 112 Apparel And Footwear Specialist Retailers: Value Sales, Outlets and Selling Space 2016-2021; Table 113 Apparel And Footwear Specialist Retailers: Value Sales, Outlets and Selling Space: % Growth 2016-2021; Table 114 Apparel And Footwear Specialist Retailers GBO Company Shares: % Value 2017-2021; Table 115 Apparel And Footwear Specialist Retailers GBN Brand Shares: % Value 2018-2021; Table 116 Apparel And Footwear Specialist Retailers LBN Brand Shares: Outlets 2018-2021; Table 117 Apparel And Footwear Specialist Retailers LBN Brand Shares: Selling Space 2018-2021; Table 118 Apparel And Footwear Specialist Retailers Forecasts: Value Sales, Outlets and Selling Space 2021-2026; Table 119 Apparel And Footwear Specialist Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2021-2026
ELECTRONICS AND APPLIANCE SPECIALIST RETAILERS IN NIGERIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Price rises negatively affect demand for electronics and appliances
E-commerce thrives at the cost of electronics and appliance specialist retailers
Black Friday boosts demand for electronics and appliances
PROSPECTS AND OPPORTUNITIES
Local consumer interest in gadgets will continue to grow, but most will buy them from informal retailers or second hand
E-commerce will expand but will largely remain limited to lower-value items
Non-specialists like Spar and Game may pose a competitive threat
CHANNEL DATA: Table 120 Electronics and Appliance Specialist Retailers: Value Sales, Outlets and Selling Space 2016-2021; Table 121 Electronics and Appliance Specialist Retailers: Value Sales, Outlets and Selling Space: % Growth 2016-2021; Table 122 Electronics and Appliance Specialist Retailers GBO Company Shares: % Value 2017-2021; Table 123 Electronics and Appliance Specialist Retailers GBN Brand Shares: % Value 2018-2021; Table 124 Electronics and Appliance Specialist Retailers LBN Brand Shares: Outlets 2018-2021; Table 125 Electronics and Appliance Specialist Retailers LBN Brand Shares: Selling Space 2018-2021; Table 126 Electronics and Appliance Specialist Retailers Forecasts: Value Sales, Outlets and Selling Space 2021-2026; Table 127 Electronics and Appliance Specialist Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2021-2026
HEALTH AND BEAUTY SPECIALIST RETAILERS IN NIGERIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Inflation leads to an illicit trade in pharmaceutical drugs
HealthPlus revises its business model and launches Nigeria’s first digital pharmacy
Shortages in supply hit GNC
PROSPECTS AND OPPORTUNITIES
Konga Health will make healthcare accessible to all in Nigeria
Diversified offerings will support demand for cosmetics
Chains will proliferate, as players like Lifestores Healthcare seeks to build scale
CHANNEL DATA: Table 128 Health and Beauty Specialist Retailers: Value Sales, Outlets and Selling Space 2016-2021; Table 129 Health and Beauty Specialist Retailers: Value Sales, Outlets and Selling Space: % Growth 2016-2021; Table 130 Sales in Health and Beauty Specialist Retailers by Channel: Value 2016-2021; Table 131 Sales in Health and Beauty Specialist Retailers by Channel: % Value Growth 2016-2021; Table 132 Health and Beauty Specialist Retailers GBO Company Shares: % Value 2017-2021; Table 133 Health and Beauty Specialist Retailers GBN Brand Shares: % Value 2018-2021; Table 134 Health and Beauty Specialist Retailers LBN Brand Shares: Outlets 2018-2021; Table 135 Health and Beauty Specialist Retailers LBN Brand Shares: Selling Space 2018-2021; Table 136 Health and Beauty Specialist Retailers Forecasts: Value Sales, Outlets and Selling Space 2021-2026; Table 137 Health and Beauty Specialist Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2021-2026; Table 138 Forecast Sales in Health and Beauty Specialist Retailers by Channel: Value 2021-2026; Table 139 Forecast Sales in Health and Beauty Specialist Retailers by Channel: % Value Growth 2021-2026
HOME AND GARDEN SPECIALIST RETAILERS IN NIGERIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Work-from-home boosts retail value sales of home and garden specialist retailers
In spite of inflationary pressure, Vitafoam Nigeria Plc freezes its prices
In the face of inflation, more and more home and garden specialist retailers choose to source locally
PROSPECTS AND OPPORTUNITIES
Population growth will be the most important driver of demand growth
Government faces an uphill battle to boost home ownership
Hypermarkets represent a growing competitive threat to home and garden specialists
CHANNEL DATA: Table 140 Home and Garden Specialist Retailers: Value Sales, Outlets and Selling Space 2016-2021; Table 141 Home and Garden Specialist Retailers: Value Sales, Outlets and Selling Space: % Growth 2016-2021; Table 142 Sales in Home and Garden Specialist Retailers by Channel: Value 2016-2021; Table 143 Sales in Home and Garden Specialist Retailers by Channel: % Value Growth 2016-2021; Table 144 Home and Garden Specialist Retailers GBO Company Shares: % Value 2017-2021; Table 145 Home and Garden Specialist Retailers GBN Brand Shares: % Value 2018-2021; Table 146 Home and Garden Specialist Retailers LBN Brand Shares: Outlets 2018-2021; Table 147 Home and Garden Specialist Retailers LBN Brand Shares: Selling Space 2018-2021; Table 148 Home and Garden Specialist Retailers Forecasts: Value Sales, Outlets and Selling Space 2021-2026; Table 149 Home and Garden Specialist Retailers Forecasts: Value Sales, Outlets and Selling Space: % Growth 2021-2026; Table 150 Forecast Sales in Home and Garden Specialist Retailers by Channel: Value 2021-2026; Table 151 Forecast Sales in Home and Garden Specialist Retailers by Channel: % Value Growth 2021-2026
DEPARTMENT STORES IN NIGERIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Department stores saw retail current value sales recover during 2021
A retail niche serving middle- and high-income consumers
Pandemic forces Everyday Group to delay its expansion plans
PROSPECTS AND OPPORTUNITIES
Economic recovery will support retail value sales growth
New store openings will drive robust growth in the retail current value sales of department stores
Department stores cannot ignore e-commerce forever
CHANNEL DATA: Table 152 Department Stores: Value Sales, Outlets and Selling Space 2016-2021; Table 153 Department Stores: Value Sales, Outlets and Selling Space: % Growth 2016-2021; Table 154 Department Stores GBO Company Shares: % Value 2017-2021; Table 155 Department Stores GBN Brand Shares: % Value 2018-2021; Table 156 Department Stores LBN Brand Shares: Outlets 2018-2021; Table 157 Department Stores LBN Brand Shares: Selling Space 2018-2021; Table 158 Department Stores Forecasts: Value Sales, Outlets and Selling Space 2021-2026; Table 159 Department Stores Forecasts: Value Sales, Outlets and Selling Space: % Growth 2021-2026
VARIETY STORES IN NIGERIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Post-pandemic economic recovery drives acceleration in retail current value sales growth
Number of outlets continues to expand, but Miniso Nigeria slows its growth
Konga develops its omnichannel presence
PROSPECTS AND OPPORTUNITIES
Variety stores will benefit from improved penetration
Miniso and Konga will continue to open new stores
Konga is well placed to benefit from growing consumer interest in e-commerce
CHANNEL DATA: Table 160 Variety Stores: Value Sales, Outlets and Selling Space 2016-2021; Table 161 Variety Stores: Value Sales, Outlets and Selling Space: % Growth 2016-2021; Table 162 Variety Stores GBO Company Shares: % Value 2017-2021; Table 163 Variety Stores GBN Brand Shares: % Value 2018-2021; Table 164 Variety Stores LBN Brand Shares: Outlets 2018-2021; Table 165 Variety Stores LBN Brand Shares: Selling Space 2018-2021; Table 166 Variety Stores Forecasts: Value Sales, Outlets and Selling Space 2021-2026; Table 167 Variety Stores Forecasts: Value Sales, Outlets and Selling Space: % Growth 2021-2026
WAREHOUSE CLUBS IN NIGERIA
2021 DEVELOPMENTS
DIRECT SELLING IN NIGERIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Consumer health products continue to dominate sales
The line between direct selling and e-commerce is increasingly blurry
Emphasis on health and wellness helps leader Forever Living Products Nigeria Ltd boost its retail value share
PROSPECTS AND OPPORTUNITIES
Population growth and urbanisation will support retail value sales
Growing importance of social media
Health and beauty specialist retailers will pose a growing competitive threat to direct sellers like Forever Living
CHANNEL DATA: Table 168 Direct Selling by Category: Value 2016-2021; Table 169 Direct Selling by Category: % Value Growth 2016-2021; Table 170 Direct Selling GBO Company Shares: % Value 2017-2021; Table 171 Direct Selling GBN Brand Shares: % Value 2018-2021; Table 172 Direct Selling Forecasts by Category: Value 2021-2026; Table 173 Direct Selling Forecasts by Category: % Value Growth 2021-2026
HOMESHOPPING IN NIGERIA
2021 DEVELOPMENTS
VENDING IN NIGERIA
2021 DEVELOPMENTS
E-COMMERCE (GOODS) IN NIGERIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Retail current value sales continued to grow, as a growing number of affluent consumers try e-commerce
Competition intensifies between leading e-commerce players
Jumia Technologies AG remains dominant
PROSPECTS AND OPPORTUNITIES
Increased internet use will help to drive accelerated growth in e-commerce
Cashless payments will grow in popularity
Omnichannel retail and click-and-collect will become more commonplace
CHANNEL DATA: Table 174 E-Commerce (Goods) by Channel and Category: Value 2016-2021; Table 175 E-Commerce (Goods) by Channel and Category: % Value Growth 2016-2021; Table 176 E-Commerce (Goods) GBO Company Shares: % Value 2017-2021; Table 177 E-Commerce (Goods) GBN Brand Shares: % Value 2018-2021; Table 178 Forecast E-Commerce (Goods) by Channel and Category: Value 2021-2026; Table 179 Forecast E-Commerce (Goods) by Channel and Category: % Value Growth 2021-2026
MOBILE E-COMMERCE (GOODS) IN NIGERIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Increased internet use drive strong growth
Cheaper smartphones and more affordable mobile internet make mobile e-commerce more accessible.
Pandemic drives boom in demand for food delivery apps
PROSPECTS AND OPPORTUNITIES
Economic recovery will drive strong growth
Nigerian consumers are becoming more comfortable using their mobile phones to make payments
As apps proliferate, competition will intensify
CHANNEL DATA: Table 180 Mobile E-Commerce (Goods): Value 2016-2021; Table 181 Mobile E-Commerce (Goods): % Value Growth 2016-2021; Table 182 Mobile E-Commerce (Goods) Forecasts: Value 2021-2026; Table 183 Mobile E-Commerce (Goods) Forecasts: % Value Growth 2021-2026
FOOD AND DRINK E-COMMERCE IN NIGERIA
KEY DATA FINDINGS
2021 DEVELOPMENTS
Demand growth is robust
Grocery retailers rush online
Young professionals and working women drive growth, but demand largely remains limited to affluent consumers
PROSPECTS AND OPPORTUNITIES
Food and drink e-commerce players receive support from international investors
Jumia Technologies AG appears well placed to dominate
Food and drink e-commerce will remain a niche
CHANNEL DATA: Table 184 Food and Drink E-Commerce: Value 2016-2021; Table 185 Food and Drink E-Commerce: % Value Growth 2016-2021; Table 186 Food and Drink E-Commerce Forecasts: Value 2021-2026; Table 187 Food and Drink E-Commerce Forecasts: % Value Growth 2021-2026