Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Nigeria - 2022
Contents:
- Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Nigeria (CIF) - 2022
- Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Nigeria (FOB) - 2022
- Imports of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Nigeria
- Exports of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Nigeria
Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Nigeria (CIF) - 2022
The average import price for ground-nuts; in shell, not roasted or otherwise cooked stood at $8,593 per ton in 2022, falling by -12.3% against the previous year. Over the period under review, the import price, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 an increase of 72%. Over the period under review, average import prices attained the peak figure at $9,799 per ton in 2021, and then reduced in the following year.
As there is only one major supplying country, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to +21.7% per year.
Price for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Nigeria (FOB) - 2022
In 2022, the average export price for ground-nuts; in shell, not roasted or otherwise cooked amounted to $1,204 per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The export price peaked at $2,087 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sao Tome and Principe ($3,752 per ton), while the average price for exports to Niger stood at $1,070 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Nigeria
In 2022, overseas purchases of ground-nuts; in shell, not roasted or otherwise cooked were finally on the rise to reach 199 tons after two years of decline. Over the period under review, imports, however, recorded a pronounced decrease.
In value terms, imports of ground-nuts; in shell, not roasted or otherwise cooked shrank to $1.7M in 2022. The total import value increased at an average annual rate of +9.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of $1.9M, and then fell in the following year.
| Import of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 1.3 | 1.6 | 1.9 | 1.7 | 9.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.3 | 1.6 | 1.9 | 1.7 | 9.4% |
Top Suppliers of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked to Nigeria in 2022:
- Niger (199.2 tons)
Exports of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Nigeria
In 2022, shipments abroad of ground-nuts; in shell, not roasted or otherwise cooked decreased by -4.7% to 115 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 10%.
In value terms, exports of ground-nuts; in shell, not roasted or otherwise cooked reduced to $138K in 2022. The total export value increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 7.9%.
| Export of Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 104 | 112 | 121 | 117 | 4.0% |
| Sao Tome and Principe | 18.9 | 20.5 | 22.2 | 21.4 | 4.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 123 | 133 | 144 | 138 | 3.9% |
Top Export Markets for Ground-Nuts; in Shell, Not Roasted or Otherwise Cooked from Nigeria in 2022:
- Niger (109.1 tons)
- Sao Tome and Principe (5.7 tons)
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