Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Nigeria - 2022
Contents:
- Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Nigeria (CIF) - 2022
- Imports of Offal, Edible; of Bovine Animals, Livers, Frozen in Nigeria
Price for Offal, Edible; of Bovine Animals, Livers, Frozen in Nigeria (CIF) - 2022
The average import price for offal, edible; of bovine animals, livers, frozens stood at $2,140 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 53%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 Italy ($2,720 per ton), while the price for the Netherlands ($1,039 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Offal, Edible; of Bovine Animals, Livers, Frozen in Nigeria
In 2022, approx. 5 tons of offal, edible; of bovine animals, livers, frozens were imported into Nigeria; with an increase of 46% on the previous year's figure. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 576% against the previous year. As a result, imports attained the peak of 7.6 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of offal, edible; of bovine animals, livers, frozens soared to $11K in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 934% against the previous year. As a result, imports reached the peak of $14K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Offal, Edible; of Bovine Animals, Livers, Frozen in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.6 | 6.5 | 4.0 | 6.8 | 124.6% |
| South Africa | 0.7 | 6.9 | 3.1 | 3.6 | 72.6% |
| Netherlands | N/A | 0.3 | 0.1 | 0.1 | -42.3% |
| Others | N/A | 0.3 | N/A | 0.1 | -42.3% |
| Total | 1.4 | 14.0 | 7.3 | 10.6 | 96.4% |
Top Suppliers of Offal, Edible; of Bovine Animals, Livers, Frozen to Nigeria in 2022:
- Italy (2.5 tons)
- South Africa (2.2 tons)
- Netherlands (0.1 tons)
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