Cereals; Rye, Seed Price in Nigeria - 2022
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Cereals; Rye, Seed Price in Nigeria (CIF) - 2022
The average cereals; rye, seed import price stood at $7,335 per ton in 2022, with an increase of 50% against the previous year. Over the period under review, the import price posted a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 342%. As a result, import price attained the peak level of $11,773 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($9,031 per ton), while the price for India ($1,246 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7,893.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Rye, Seed Imports in Nigeria
In 2022, the amount of cereals; rye, seeds imported into Nigeria surged to 35 tons, increasing by 66% against the previous year. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; rye, seed imports soared to $253K in 2022. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 512% against the previous year. As a result, imports attained the peak of $405K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Cereals; Rye, Seed in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 18.6 | 24.6 | 96.4 | 240 | 134.5% |
India | 5.4 | 2.5 | 3.8 | 9.3 | 19.9% |
Switzerland | N/A | 357 | N/A | N/A | 0% |
Vietnam | 20.3 | N/A | N/A | N/A | 0% |
Others | 21.8 | 20.1 | 1.8 | 4.4 | -41.3% |
Total | 66.1 | 405 | 102 | 253 | 56.4% |
Top Suppliers of Cereals; Rye, Seed to Nigeria in 2022:
- China (26.5 tons)
- India (7.5 tons)
This report provides an in-depth analysis of the rye market in Nigeria.
This report provides an in-depth analysis of the grain market in Nigeria.
This report provides an in-depth analysis of the global rye market.
This report provides an in-depth analysis of the global grain market.
This report provides an in-depth analysis of the rye market in Nigeria.
This report provides an in-depth analysis of the global rye market.
Discover the top import markets for rye and gain insights into their import values. Germany, the United States, Spain, Tanzania, and the Netherlands lead the way in rye imports.
In 2020, the global rye imports rose by 54% y-o-y, owing primarily to the increased supplies to Germany. Over the last year, this country ramped up its imports nearly twofold, from 484 tons to 902 tons, and remains the major rye importer worldwide. Near 87% of imported rye came to Germany from Poland, the leading global exporter.
Global rye consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
In 2015, the countries with the highest levels of rye production were Germany (X thousand tons), Russia (X thousand tons), Poland (X thousand tons), together accounting for X% of total output.
Poland dominates in the global rye trade. In 2014, Poland exported X thousand tons of rye totaling X million USD, X% under the previous year. Its primary trading partner was Germany, where it supplied X% of its total rye exports in value terms,
Explore the top import markets for grain, including China, Japan, Mexico, and more. Learn about the key statistics and market trends in the global grain import industry.
Discover the top import markets for rye and gain insights into their import values. Germany, the United States, Spain, Tanzania, and the Netherlands lead the way in rye imports.
In 2020, the global rye imports rose by 54% y-o-y, owing primarily to the increased supplies to Germany. Over the last year, this country ramped up its imports nearly twofold, from 484 tons to 902 tons, and remains the major rye importer worldwide. Near 87% of imported rye came to Germany from Poland, the leading global exporter.
Global rye consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
In 2015, the countries with the highest levels of rye production were Germany (X thousand tons), Russia (X thousand tons), Poland (X thousand tons), together accounting for X% of total output.