Price for Cattle; Live, Pure-Bred Breeding Animals in Nigeria - 2022
Contents:
- Price for Cattle; Live, Pure-Bred Breeding Animals in Nigeria (CIF) - 2022
- Price for Cattle; Live, Pure-Bred Breeding Animals in Nigeria (FOB) - 2022
- Imports of Cattle; Live, Pure-Bred Breeding Animals in Nigeria
- Exports of Cattle; Live, Pure-Bred Breeding Animals in Nigeria
Price for Cattle; Live, Pure-Bred Breeding Animals in Nigeria (CIF) - 2022
The average import price for cattle; live, pure-bred breeding animalses stood at $2,338 per unit in 2021, picking up by 227% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2013 to 2021, the rate of growth in terms of prices for Niger amounted to -4.1% per year.
Price for Cattle; Live, Pure-Bred Breeding Animals in Nigeria (FOB) - 2022
The average export price for cattle; live, pure-bred breeding animalses stood at $2,114 per unit in 2021, growing by 7.3% against the previous year. Overall, the export price, however, continues to indicate a abrupt shrinkage. The export price peaked at $2,643 per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($2,192 per unit), while the average price for exports to Niger amounted to $1,724 per unit.
From 2019 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Niger (-19.2%).
Imports of Cattle; Live, Pure-Bred Breeding Animals in Nigeria
In 2021, approx. 506 units of cattle; live, pure-bred breeding animalses were imported into Nigeria; jumping by 50,500% on the year before. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cattle; live, pure-bred breeding animals imports surged to $1.2M in 2021. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cattle; Live, Pure-Bred Breeding Animals in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| United States | N/A | 1.2 | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | N/A | 1.2 | 0% | ||
Top Suppliers of Cattle; Live, Pure-Bred Breeding Animals to Nigeria in 2022:
- United States (506.0 units)
Exports of Cattle; Live, Pure-Bred Breeding Animals in Nigeria
After three years of growth, overseas shipments of cattle; live, pure-bred breeding animalses decreased by 99.9% to less than 0.1 units in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 500%. As a result, the exports attained the peak of 6 units, and then fell rapidly in the following year.
In value terms, cattle; live, pure-bred breeding animals exports declined rapidly to $7.3K in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 544% against the previous year. As a result, the exports attained the peak of $13K, and then shrank notably in the following year.
| Export of Cattle; Live, Pure-Bred Breeding Animals in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Vietnam | N/A | N/A | 11.0 | 0% | |
| Niger | 2.6 | 2.0 | 1.7 | -19.1% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 2.6 | 2.0 | 12.7 | 121.0% | |
Top Export Markets for Cattle; Live, Pure-Bred Breeding Animals from Nigeria in 2022:
- Vietnam (5.0 units)
- Niger (1.0 units)
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