Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Nigeria - 2022
Contents:
- Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Nigeria (CIF) - 2022
- Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Nigeria (FOB) - 2022
- Imports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Nigeria
- Exports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Nigeria
Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Nigeria (CIF) - 2022
The average import price for leguminous vegetables; shelled or unshelled, fresh or chilleds stood at $781 per ton in 2022, falling by -24.7% against the previous year. Over the period under review, the import price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 when the average import price increased by 106%. The import price peaked at $1,401 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lebanon ($5,496 per ton), while the price for Niger ($172 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+3.8%), while the prices for the other major suppliers experienced a decline.
Price for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Nigeria (FOB) - 2022
The average export price for leguminous vegetables; shelled or unshelled, fresh or chilleds stood at $1,000 per ton in 2022, with a decrease of -9.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2021 an increase of 24%. As a result, the export price attained the peak level of $1,105 per ton, and then fell in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($5,209 per ton), while the average price for exports to Niger ($142 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Nigeria
In 2022, approx. 211 tons of leguminous vegetables; shelled or unshelled, fresh or chilleds were imported into Nigeria; picking up by 117% on the previous year. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 357% against the previous year. As a result, imports attained the peak of 296 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of leguminous vegetables; shelled or unshelled, fresh or chilleds soared to $165K in 2022. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 402% against the previous year. As a result, imports reached the peak of $229K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
Import of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 11.8 | 24.7 | 38.5 | 61.6 | 73.5% |
Lebanon | 4.5 | 30.5 | 13.7 | 21.7 | 68.9% |
Niger | 17.0 | 35.9 | 13.8 | 20.4 | 6.3% |
Egypt | 1.7 | 14.1 | 7.6 | 14.5 | 104.3% |
India | 1.4 | 11.2 | 6.0 | 11.5 | 101.8% |
Germany | 2.7 | 14.5 | 4.9 | 7.8 | 42.4% |
United Kingdom | 1.3 | 69.5 | 1.9 | 2.6 | 26.0% |
Others | 5.4 | 28.1 | 14.5 | 24.4 | 65.3% |
Total | 45.5 | 229 | 101 | 165 | 53.6% |
Top Suppliers of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled to Nigeria in 2022:
- Niger (118.3 tons)
- China (47.5 tons)
- India (20.3 tons)
- Egypt (7.4 tons)
- Lebanon (3.9 tons)
- United Kingdom (3.9 tons)
- Germany (2.9 tons)
Exports of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Nigeria
In 2022, shipments abroad of leguminous vegetables; shelled or unshelled, fresh or chilleds was finally on the rise to reach 74 tons after two years of decline. Overall, exports, however, showed a deep slump.
In value terms, exports of leguminous vegetables; shelled or unshelled, fresh or chilleds fell to $74K in 2022. In general, exports, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2021 when exports increased by 4.7%.
Export of Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 13.9 | 13.5 | 12.5 | 17.1 | 7.2% |
India | 22.4 | 14.4 | 6.6 | 13.4 | -15.7% |
Canada | 2.3 | 12.7 | 10.9 | 12.1 | 73.9% |
United States | 6.1 | 10.2 | 31.5 | 9.6 | 16.3% |
Ireland | 5.4 | 4.9 | 4.2 | 5.4 | 0.0% |
United Arab Emirates | 4.8 | 5.3 | 4.3 | 5.2 | 2.7% |
Ghana | 3.1 | 3.2 | 3.1 | 4.4 | 12.4% |
Niger | 0.1 | N/A | N/A | 0.5 | 71.0% |
Netherlands | 9.9 | 4.3 | 0.1 | 0.1 | -78.4% |
Others | 11.5 | 4.3 | 2.8 | 6.6 | -16.9% |
Total | 79.4 | 72.8 | 76.1 | 74.5 | -2.1% |
Top Export Markets for Leguminous Vegetables; Shelled or Unshelled, Fresh or Chilled from Nigeria in 2022:
- India (24.5 tons)
- United Arab Emirates (12.7 tons)
- United States (11.2 tons)
- Canada (8.1 tons)
- Ghana (3.8 tons)
- Niger (3.4 tons)
- United Kingdom (3.3 tons)
- Ireland (3.2 tons)
- Netherlands (0.1 tons)
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