Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Nigeria - 2022
Contents:
- Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Nigeria (CIF) - 2022
- Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Nigeria
Price for Frozen Carcasses and Half-Carcasses of Bovine Meat in Nigeria (CIF) - 2022
The average import price for frozen carcasses and half-carcasses of bovine meat stood at $11,237 per ton in 2022, increasing by 135% against the previous year. In general, the import price posted pronounced growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($5,008 per ton), while the price for France totaled $4,095 per ton.
From 2019 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-1.8%).
Imports of Frozen Carcasses and Half-Carcasses of Bovine Meat in Nigeria
In 2022, the amount of frozen carcasses and half-carcasses of bovine meat imported into Nigeria stood at 574 kg, remaining constant against the previous year's figure. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 1,069%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of frozen carcasses and half-carcasses of bovine meat skyrocketed to $6.5K in 2022. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 542% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
Import of Frozen Carcasses and Half-Carcasses of Bovine Meat in Nigeria (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 941 | N/A | 2,365 | 1,282 | 10.9% |
France | 101 | N/A | 370 | 86.0 | -5.2% |
Germany | 110 | N/A | N/A | N/A | 0% |
United States | 220 | N/A | N/A | N/A | 0% |
Others | N/A | 426 | N/A | 5,082 | 245.4% |
Total | 1,372 | 426 | 2,735 | 6,450 | 67.5% |
Top Suppliers of Frozen Carcasses and Half-Carcasses of Bovine Meat to Nigeria in 2022:
- South Africa (256.0 kg)
- France (21.0 kg)
This report provides an in-depth analysis of the beef market in Nigeria.
This report provides an in-depth analysis of the beef market in Nigeria.
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