Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Nigeria - 2022
Contents:
- Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Nigeria (CIF) - 2022
- Imports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Nigeria
Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Nigeria (CIF) - 2022
The average import price for edible products of animal origin; not elsewhere specified or includeds stood at $1,487 per ton in 2022, declining by -10.9% against the previous year. Over the period under review, the import price continues to indicate a sharp decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 134% against the previous year. Over the period under review, average import prices attained the maximum at $16,245 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,578 per ton), while the price for the UK amounted to $1,315 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+14.9%), while the prices for the other major suppliers experienced a decline.
Imports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Nigeria
In 2022, the amount of edible products of animal origin; not elsewhere specified or includeds imported into Nigeria surged to 83 tons, growing by 36% against the year before. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 55% against the previous year.
In value terms, imports of edible products of animal origin; not elsewhere specified or includeds skyrocketed to $123K in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 114%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 0.1 | 85.2 | 85100.0% |
| United Kingdom | 3.2 | 1.3 | 2.4 | 37.8 | 127.7% |
| India | 47.0 | 4.9 | 0.3 | N/A | -92.0% |
| Indonesia | N/A | 3.6 | N/A | N/A | 0% |
| United States | 66.5 | 37.4 | 89.7 | N/A | 16.1% |
| Others | 5.5 | 0.2 | 8.9 | N/A | 27.2% |
| Total | 122 | 47.4 | 101 | 123 | 0.3% |
Top Suppliers of Edible Products of Animal Origin; Not Elsewhere Specified or Included to Nigeria in 2022:
- China (54.0 tons)
- United Kingdom (28.7 tons)
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