Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Nigeria - 2022
Contents:
- Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Nigeria (CIF) - 2022
- Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Nigeria
Price for Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Nigeria (CIF) - 2022
The average import price for cheese, other than blue-veined, grated, powdered or processed stood at $2,121 per ton in 2022, picking up by 39% against the previous year. Over the period under review, the import price, however, saw a noticeable curtailment. The growth pace was the most rapid in 2016 when the average import price increased by 69%. The import price peaked at $4,454 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($2,744 per ton), while the price for Italy ($1,618 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Andorra (+2.3%), while the prices for the other major suppliers experienced a decline.
Imports of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Nigeria
In 2022, imports of cheese, other than blue-veined, grated, powdered or processed into Nigeria reduced sharply to 34 tons, falling by -74.7% against 2021 figures. In general, imports faced a dramatic curtailment. The smallest decline of -4.8% was in 2020.
In value terms, imports of cheese, other than blue-veined, grated, powdered or processed plummeted to $71K in 2022. Over the period under review, imports showed a significant curtailment. The smallest decline of -24.7% was in 2021.
| Import of Cheese, Other than Blue-Veined, Grated, Powdered or Processed in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.4 | 1.3 | 0.7 | 63.4 | 165.2% |
| United Arab Emirates | 13.7 | 1.3 | 2.1 | 6.5 | -22.0% |
| Italy | 1.8 | 6.8 | 1.3 | 1.6 | -3.9% |
| Germany | 54.2 | 22.9 | 8.5 | N/A | -60.4% |
| Lebanon | 6.4 | 15.3 | 7.8 | N/A | 10.4% |
| Ireland | 6.0 | 3.2 | 1.5 | N/A | -50.0% |
| China | 2.8 | 3.2 | 0.9 | N/A | -43.3% |
| Andorra | 17.2 | 11.0 | 6.1 | N/A | -40.4% |
| France | 76.9 | 57.8 | 46.6 | N/A | -22.2% |
| Denmark | 6.8 | 13.6 | 7.9 | N/A | 7.8% |
| South Africa | 19.5 | 9.6 | 4.1 | N/A | -54.1% |
| Bangladesh | 15.3 | 8.9 | 4.6 | N/A | -45.2% |
| Others | 254 | 114 | 111 | N/A | -33.9% |
| Total | 478 | 269 | 203 | 71.4 | -46.9% |
Top Suppliers of Cheese, Other than Blue-Veined, Grated, Powdered or Processed to Nigeria in 2022:
- India (30.3 tons)
- United Arab Emirates (2.4 tons)
- Italy (1.0 tons)
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