Price for Horses, Asses, Mules and Hinnies; Live, Pure-Bred Breeding Animals in Nigeria - 2022
Contents:
- Price for Horses, Asses, Mules and Hinnies; Live, Pure-Bred Breeding Animals in Nigeria (CIF) - 2022
- Imports of Horses, Asses, Mules and Hinnies; Live, Pure-Bred Breeding Animals in Nigeria
Price for Horses, Asses, Mules and Hinnies; Live, Pure-Bred Breeding Animals in Nigeria (CIF) - 2022
In 2022, the average import price for horses, asses, mules and hinnies; live, pure-bred breeding animalses amounted to $707 per unit, shrinking by -36.8% against the previous year. Overall, the import price faced a significant curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by 131% against the previous year. Over the period under review, average import prices reached the peak figure at $27,189 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($2,960 per unit), while the price for the UK ($6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-5.1%), while the prices for the other major suppliers experienced a decline.
Imports of Horses, Asses, Mules and Hinnies; Live, Pure-Bred Breeding Animals in Nigeria
Imports of horses, asses, mules and hinnies; live, pure-bred breeding animalses into Nigeria rose markedly to 12 units in 2022, increasing by 9.1% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of horses, asses, mules and hinnies; live, pure-bred breeding animalses dropped rapidly to $13K in 2022. In general, imports, however, faced a precipitous descent. The smallest decline of -20% was in 2021. Imports peaked at $26K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Horses, Asses, Mules and Hinnies; Live, Pure-Bred Breeding Animals in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 20.3 | 17.1 | 14.3 | 11.8 | -16.5% |
| Niger | 3.8 | 2.5 | 1.6 | 1.1 | -33.8% |
| United States | 0.8 | 0.5 | 0.4 | 0.3 | -27.9% |
| China | 1.3 | 0.8 | 0.5 | 0.3 | -38.7% |
| United Kingdom | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 26.3 | 21.0 | 16.8 | 13.4 | -20.1% |
Top Suppliers of Horses, Asses, Mules and Hinnies; Live, Pure-Bred Breeding Animals to Nigeria in 2022:
- South Africa (4.0 units)
- United States (3.0 units)
- Niger (3.0 units)
- United Kingdom (1.0 units)
- China (1.0 units)
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