Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Nigeria - 2022
Contents:
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Nigeria (CIF) - 2022
- Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Nigeria
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Nigeria (CIF) - 2022
In 2022, the average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $3,110 per ton, dropping by -1.9% against the previous year. Overall, the import price recorded a perceptible shrinkage. The growth pace was the most rapid in 2013 when the average import price increased by 44% against the previous year. As a result, import price reached the peak level of $7,045 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($4,785 per ton), while the price for South Africa ($1,072 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 (+2.5%), while the prices for the other major suppliers experienced a decline.
Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Nigeria
In 2022, after three years of growth, there was significant decline in supplies from abroad of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s, when their volume decreased by -33.2% to 2.7 tons. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 465% against the previous year. As a result, imports attained the peak of 4 tons, and then fell sharply in the following year.
In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s declined significantly to $8.4K in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 221%. As a result, imports reached the peak of $13K, and then fell notably in the following year.
| Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.0 | 2.4 | 6.5 | 3.7 | 54.7% |
| Italy | 0.7 | 1.1 | 4.6 | 3.6 | 72.6% |
| South Africa | 0.5 | 0.6 | 1.7 | 1.0 | 26.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.2 | 4.0 | 12.8 | 8.4 | 56.3% |
Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to Nigeria in 2022:
- South Africa (974.0 kg)
- Italy (948.0 kg)
- Netherlands (777.0 kg)
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