Price for Oil Seeds; Linseed, Whether or Not Broken in Nigeria - 2023
Contents:
- Price for Oil Seeds; Linseed, Whether or Not Broken in Nigeria (CIF) - 2022
- Price for Oil Seeds; Linseed, Whether or Not Broken in Nigeria (FOB) - 2022
- Imports of Oil Seeds; Linseed, Whether or Not Broken in Nigeria
- Exports of Oil Seeds; Linseed, Whether or Not Broken in Nigeria
Price for Oil Seeds; Linseed, Whether or Not Broken in Nigeria (CIF) - 2022
The average import price for oil seeds; linseed, whether or not brokens stood at $1,915 per ton in 2022, increasing by 24% against the previous year. In general, the import price posted a prominent increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 98%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($30,200 per ton), while the price for the United Arab Emirates ($1,328 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+40.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Oil Seeds; Linseed, Whether or Not Broken in Nigeria (FOB) - 2022
The average export price for oil seeds; linseed, whether or not brokens stood at $1,155 per ton in 2022, dropping by -4.6% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 64%. As a result, the export price attained the peak level of $2,267 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($1,165 per ton), while the average price for exports to the United States ($875 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 Turkey (+20.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Oil Seeds; Linseed, Whether or Not Broken in Nigeria
In 2022, supplies from abroad of oil seeds; linseed, whether or not brokens decreased by -43.2% to 3.8 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 195%.
In value terms, imports of oil seeds; linseed, whether or not brokens shrank significantly to $7.3K in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 214%.
| Import of Oil Seeds; Linseed, Whether or Not Broken in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.6 | 4.9 | 5.0 | 4.1 | 36.8% |
| India | 0.3 | 0.9 | 2.6 | 1.5 | 71.0% |
| United Arab Emirates | N/A | 0.6 | 1.7 | 1.0 | 29.1% |
| Turkey | 0.1 | 0.2 | 0.4 | 0.2 | 26.0% |
| Others | 0.3 | 0.9 | 0.7 | 0.4 | 10.1% |
| Total | 2.4 | 7.4 | 10.3 | 7.3 | 44.9% |
Top Suppliers of Oil Seeds; Linseed, Whether or Not Broken to Nigeria in 2022:
- China (1904.0 kg)
- India (908.0 kg)
- United Arab Emirates (775.0 kg)
- Turkey (123.0 kg)
Exports of Oil Seeds; Linseed, Whether or Not Broken in Nigeria
In 2022, approx. 4.9 tons of oil seeds; linseed, whether or not brokens were exported from Nigeria; falling by -8.4% compared with the previous year's figure. In general, exports showed a abrupt contraction.
In value terms, exports of oil seeds; linseed, whether or not brokens shrank to $5.6K in 2022. Over the period under review, exports faced a deep downturn. The smallest decline of -12.6% was in 2020.
| Export of Oil Seeds; Linseed, Whether or Not Broken in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.1 | 6.2 | 6.1 | 5.4 | -4.0% |
| Turkey | 0.9 | 0.4 | 0.3 | 0.2 | -39.4% |
| Japan | 0.6 | 0.7 | N/A | N/A | 16.7% |
| United Arab Emirates | 0.3 | N/A | N/A | N/A | 0% |
| Algeria | 0.4 | N/A | N/A | N/A | 0% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 8.4 | 7.4 | 6.4 | 5.6 | -12.6% |
Top Export Markets for Oil Seeds; Linseed, Whether or Not Broken from Nigeria in 2022:
- China (4.6 tons)
- Turkey (0.2 tons)
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