Price for Offal, Edible; of Swine, Fresh or Chilled in Nigeria - 2022

Price for Offal, Edible; of Swine, Fresh or Chilled in Nigeria (CIF) - 2022

The average import price for offal, edible; of swine, fresh or chilled stood at $6,706 per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 145%. The import price peaked at $6,800 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +298.3% per year.

Imports of Offal, Edible; of Swine, Fresh or Chilled in Nigeria

For the fourth consecutive year, Nigeria recorded growth in overseas purchases of offal, edible; of swine, fresh or chilled, which increased by 4.5% to 2.1 tons in 2022. The total import volume increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of offal, edible; of swine, fresh or chilled rose to $14K in 2022. The total import value increased at an average annual rate of +4.1% 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 2021 with an increase of 4.1% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the near future.