Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Nigeria - 2022
Contents:
- Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Nigeria (CIF) - 2022
- Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Nigeria
Price for Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Nigeria (CIF) - 2022
The average import price for frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) stood at $8,706 per ton in 2022, almost unchanged from the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 28% against the previous year. Over the period under review, average import prices hit record highs at $10,185 per ton in 2014; however, from 2015 to 2022, 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 South Africa ($9,115 per ton), while the price for Kenya ($5,245 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Nigeria
Imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) into Nigeria declined rapidly to 21 tons in 2022, dropping by -32.1% on the previous year's figure. Overall, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 177%. As a result, imports reached the peak of 31 tons, and then contracted sharply in the following year.
In value terms, imports of frozen sheep (including lamb) cuts with bone in (excluding carcasses and half-carcasses) dropped markedly to $185K in 2022. In general, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 189%. As a result, imports reached the peak of $274K, and then plummeted in the following year.
| Import of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 64.4 | 72.1 | 235 | 141 | 29.9% |
| Italy | 13.5 | 7.2 | 29.7 | 25.0 | 22.8% |
| Netherlands | 25.8 | 13.2 | 6.6 | 12.1 | -22.3% |
| Germany | 3.2 | 0.4 | 1.5 | 4.8 | 14.5% |
| Others | 8.3 | 2.1 | 1.9 | 1.2 | -47.5% |
| Total | 115 | 95.0 | 274 | 185 | 17.2% |
Top Suppliers of Frozen Sheep (Including Lamb) Cuts with Bone in (Excluding Carcasses and Half-Carcasses) to Nigeria in 2022:
- South Africa (15.5 tons)
- Italy (2.8 tons)
- Netherlands (2.2 tons)
- Germany (0.5 tons)
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