Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Nigeria - 2022
Contents:
- Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Nigeria (CIF) - 2022
- Imports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Nigeria
Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Nigeria (CIF) - 2022
In 2022, the average import price for swine; live, (other than pure-bred breeding animals), weighing 50kg or more amounted to $212 per unit, increasing by 3.8% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for swine; live, (other than pure-bred breeding animals), weighing 50kg or more increased by +125.8% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 81%. 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 South Africa ($327 per unit), while the price for Niger stood at $179 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (+11.4%).
Imports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Nigeria
In 2022, approx. 116 units of swine; live, (other than pure-bred breeding animals), weighing 50kg or more were imported into Nigeria; picking up by 38% on 2021. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of swine; live, (other than pure-bred breeding animals), weighing 50kg or more surged to $25K in 2022. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 4.2 | 9.6 | 10.7 | 16.1 | 56.5% |
| South Africa | 0.8 | 2.4 | 6.5 | 8.5 | 119.8% |
| Others | 3.4 | N/A | N/A | N/A | 0% |
| Total | 8.4 | 12.0 | 17.2 | 24.6 | 43.1% |
Top Suppliers of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing 50kg or More to Nigeria in 2022:
- Niger (90.0 units)
- South Africa (26.0 units)
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