Cheapest cities to drink a glass of beer in 2022
Lagos is one of the world's cheapest cities to drink beer in 2022.It would cost you an average of $0.96 to quench your thirst with the 'tasty' stuff in Nigeria's bustling commercial nerve centre.Other cities with the cheapest average price of beer are: Sao Paulo, Prague, Beijing, Almaty and Hanoi. There is probably nothing better than a cold glass of beer, in the company of good friends, at the end of a long stressful week. Chances are you are currently chilling out with your friends and gulping a glass of your favourite beer brand as you read this article. Now here's the thing — depending on which city you are in, the price of a glass of beer definitely differs across countries. READ: 20 best companies for workers in Nigeria, Kenya, Egypt and South Africa How much do you pay for a glass of beer in your city? That's the question Statista set out to answer in a recent survey that compared the prices of beer in selected cities around the world. The survey listed Dubai, Oslo, New York, Melbourne, London and Berlin as the most expensive cities to drink a glass of beer. On the flip side, Sao Paulo, Prague, Beijing, Lagos, Almaty and Hanoi have the cheapest average price of beer. As you can see, Nigeria's most populous city and commercial nerve Lagos is the only African city on the list. In this bustling city, it would cost you an average of $0.96 to quench your thirst with a 0.51 litre glass of beer. Cheapest cities to drink a beer in 2022 READ: These 20 African countries are on the World Bank's low income list, due to low GNI per capita Here's what you should know about beer in Lagos and Nigeria as a whole For a bustling city full of more than 20 million human beings, it is not surprising that beer is widely consumed here. As a matter of fact, Nigeria leads the pack of the Africa's top 10 beer drinking countries, according to statistics obtained from Global Data. Focus on Nigeria's top brewers Interestingly, most of the beer consumed in Lagos and other parts of Nigeria are produced locally. Nigeria has quite a number of brewers. However, the three major ones are Nigerian Breweries Plc which is backed by Heineken, Guinness Nigeria Plc which has backing from Diageo and International Breweries which is backed by AB InBev. READ: 10 African currencies with the highest exchange rates against the dollar in Q1 2022 The top three brewers in Nigeria are currently engaged in a very stiff competition for market share. Information obtained from Proshare showed that Nigerian Breweries single-handedly controls about 60% of the market share. And checks by Business Insider Africa showed that the company earned earned more than $1 billion in revenue selling beer and other beverages in FY 2021. International Breweries and Guinness Nigeria have very similar market shares at 22.4% and 22.1%, respectively. The former earned about $423.5 million worth of revenue in FY 2021. On its part, Guinness Nigeria reported a revenue of $113 million for its first quarter period ended December 31st, 2022.
- Lagos is one of the world's cheapest cities to drink beer in 2022.
- It would cost you an average of $0.96 to quench your thirst with the 'tasty' stuff in Nigeria's bustling commercial nerve centre.
- Other cities with the cheapest average price of beer are: Sao Paulo, Prague, Beijing, Almaty and Hanoi.
There is probably nothing better than a cold glass of beer, in the company of good friends, at the end of a long stressful week. Chances are you are currently chilling out with your friends and gulping a glass of your favourite beer brand as you read this article. Now here's the thing — depending on which city you are in, the price of a glass of beer definitely differs across countries.
READ: 20 best companies for workers in Nigeria, Kenya, Egypt and South Africa
How much do you pay for a glass of beer in your city? That's the question Statista set out to answer in a recent survey that compared the prices of beer in selected cities around the world. The survey listed Dubai, Oslo, New York, Melbourne, London and Berlin as the most expensive cities to drink a glass of beer. On the flip side, Sao Paulo, Prague, Beijing, Lagos, Almaty and Hanoi have the cheapest average price of beer.
As you can see, Nigeria's most populous city and commercial nerve Lagos is the only African city on the list. In this bustling city, it would cost you an average of $0.96 to quench your thirst with a 0.51 litre glass of beer.
READ: These 20 African countries are on the World Bank's low income list, due to low GNI per capita
Here's what you should know about beer in Lagos and Nigeria as a whole
For a bustling city full of more than 20 million human beings, it is not surprising that beer is widely consumed here. As a matter of fact, Nigeria leads the pack of the Africa's top 10 beer drinking countries, according to statistics obtained from Global Data.
Focus on Nigeria's top brewers
Interestingly, most of the beer consumed in Lagos and other parts of Nigeria are produced locally. Nigeria has quite a number of brewers. However, the three major ones are Nigerian Breweries Plc which is backed by Heineken, Guinness Nigeria Plc which has backing from Diageo and International Breweries which is backed by AB InBev.
READ: 10 African currencies with the highest exchange rates against the dollar in Q1 2022
The top three brewers in Nigeria are currently engaged in a very stiff competition for market share. Information obtained from Proshare showed that Nigerian Breweries single-handedly controls about 60% of the market share. And checks by Business Insider Africa showed that the company earned earned more than $1 billion in revenue selling beer and other beverages in FY 2021.
International Breweries and Guinness Nigeria have very similar market shares at 22.4% and 22.1%, respectively. The former earned about $423.5 million worth of revenue in FY 2021. On its part, Guinness Nigeria reported a revenue of $113 million for its first quarter period ended December 31st, 2022.
