Say what?Nigerians spend over N41billion on champagnes | This Is Miss Petite Nigeria Blog

Saturday, 23 March 2013

Say what?Nigerians spend over N41billion on champagnes

According to a recent report by Euromonitor International, Nigerians spend over N41billion on champagnes annually, making the country the second largest champagne market.

The report indicates that Nigeria is the second fastest growing market in the world for champagne, noting that between 2006 and 2011, it achieved a compound annual growth of 22 percent.Total champagne consumption reached 752,879 bottles (75cl) in 2011, higher than consumption in Russia and Mexico; therefore, placing Nigeria among the top 20 champagne markets in the world.



In 2010, Nigeria consumed about 593,000 bottles, the highest consumption in Africa. The closest to this figure was South Africa, another country that has been identified as an emerging market for luxury goods, in addition to Nigeria. South Africa’s champagne consumption was 384,000 bottles in 2010.

It took the European markets by surprise that Nigeria could rank that high in global champagne consumption. Looking at the list of the markets expected to post the strongest gains in total champagne volumes over 2011-2016, France tops the list followed by United Kingdom. Brazil and China are not missing out so are the United States and the upbeat Australian market.

That's more than the budget of some countries oh.lol

11 comments:

  1. Thats why they die of kidney dieases

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  2. Lol they don't drink it.They waste it,they pour it on people's heads.smh

    ReplyDelete
  3. When it comes to Owambe,shayo,Ashawo,we are always top 3.smh

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  4. I honestly dont get my people. Naija has a lot of big spenders and at the same time a lot of human suffering. So many under nourished kids yet nigerians are making moet smile to the banks . What an oxymoron of a country. We dont produce much but consume a great deal. Naija was a huge factor for stopping blackberry from going under ( just imagine if blackberry had a factory in naija but of course phcn no on go gree).Private jets adorn our skies yet the avaition sector is in a sorry state.Very funny country. We cant make chocolates from our cocoa but consume a lot of mars and snickers. Shame on the leaders of nigeria for making nigeria into what it is presently.Suffering and smiling nation.( God bless fela)
    The good nigeran.

    ReplyDelete
    Replies
    1. As innnn na them poor pass,yet na them pop pass

      Delete
  5. Well said @anon9:17... This nation is a mess.. Corrupt leaders have ruines us. Only a revolution can save us... May God help us

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  6. Lmao so na MI picture u come use abi

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  7. We are just happy people.

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  8. Owo abu la fi se abu la le jo nah..Na dem dey do champagne na their money naija dey use buy am

    ReplyDelete
  9. Naija i hail una.Thats y una dumb like goat.Thank God im halfcaste

    ReplyDelete
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