Price for Vegetable Saps and Extracts; of Hops in Nigeria - 2022
Contents:
- Price for Vegetable Saps and Extracts; of Hops in Nigeria (CIF) - 2022
- Imports of Vegetable Saps and Extracts; of Hops in Nigeria
Price for Vegetable Saps and Extracts; of Hops in Nigeria (CIF) - 2022
In 2022, the average import price for vegetable saps and extracts; of hopses amounted to $19,238 per ton, dropping by -32.4% against the previous year. Over the period under review, the import price continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 an increase of 120% against the previous year. The import price peaked at $34,024 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
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 the UK ($32,692 per ton), while the price for Germany ($12,728 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Antigua and Barbuda (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Vegetable Saps and Extracts; of Hops in Nigeria
In 2022, imports of vegetable saps and extracts; of hopses into Nigeria surged to 435 tons, with an increase of 22% compared with 2021. In general, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 306%. As a result, imports reached the peak of 1.1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of vegetable saps and extracts; of hopses shrank sharply to $8.4M in 2022. Over the period under review, total imports indicated a modest expansion from 2019 to 2022: its value increased at an average annual rate of +1.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -41.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 79% against the previous year. As a result, imports reached the peak of $14M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Vegetable Saps and Extracts; of Hops in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1.5 | 3.1 | 1.5 | 4.1 | 39.8% |
| Germany | 1.3 | 2.8 | 1.7 | 3.7 | 41.7% |
| Belgium | 0.4 | 0.6 | 0.3 | 0.3 | -9.1% |
| United States | N/A | 0.2 | 0.2 | 0.1 | -29.3% |
| Antigua and Barbuda | 4.5 | 6.8 | 6.0 | N/A | 15.5% |
| Argentina | N/A | 0.1 | N/A | N/A | 0% |
| China | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Others | 0.1 | 0.4 | 0.2 | 0.2 | 26.0% |
| Total | 8.0 | 14.2 | 10.1 | 8.4 | 1.6% |
Top Suppliers of Vegetable Saps and Extracts; of Hops to Nigeria in 2022:
- Germany (288.6 tons)
- United Kingdom (126.2 tons)
- Belgium (10.1 tons)
- United States (5.1 tons)
Nothing found. Please try again.
Nothing found. Please try again.
Nothing found. Please try again.
