Price for Vegetables; Seed Potatoes, Fresh or Chilled in Nigeria - 2023
Contents:
- Price for Vegetables; Seed Potatoes, Fresh or Chilled in Nigeria (CIF) - 2022
- Price for Vegetables; Seed Potatoes, Fresh or Chilled in Nigeria (FOB) - 2022
- Imports of Vegetables; Seed Potatoes, Fresh or Chilled in Nigeria
- Exports of Vegetables; Seed Potatoes, Fresh or Chilled in Nigeria
Price for Vegetables; Seed Potatoes, Fresh or Chilled in Nigeria (CIF) - 2022
In 2022, the average import price for vegetables; seed potatoes, fresh or chilleds amounted to $28,241 per ton, with an increase of 4,898% against the previous year. In general, the import price continues to indicate a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Niger ($55,497 per ton), while the price for China ($1,176 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (+9,863.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetables; Seed Potatoes, Fresh or Chilled in Nigeria (FOB) - 2022
The average export price for vegetables; seed potatoes, fresh or chilleds stood at $89 per ton in 2022, dropping by -20.6% against the previous year. In general, the export price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 47% against the previous year. The export price peaked at $176 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($112 per ton), while the average price for exports to Benin totaled $76 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+19.7%).
Imports of Vegetables; Seed Potatoes, Fresh or Chilled in Nigeria
In 2022, overseas purchases of vegetables; seed potatoes, fresh or chilleds decreased by -98.6% to 20 tons, falling for the second year in a row after two years of growth. Overall, imports showed a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 122%. As a result, imports reached the peak of 2.9K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of vegetables; seed potatoes, fresh or chilleds contracted markedly to $567K in 2022. In general, imports saw a dramatic contraction. The growth pace was the most rapid in 2020 when imports increased by 107%. As a result, imports reached the peak of $3.1M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Vegetables; Seed Potatoes, Fresh or Chilled in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | N/A | N/A | 601 | 549 | -8.7% |
| Pakistan | N/A | N/A | N/A | 10.0 | 0% |
| China | 949 | 2,669 | 17.5 | 7.1 | -80.4% |
| Benin | N/A | N/A | 123 | N/A | 0% |
| Germany | N/A | 130 | N/A | N/A | 0% |
| Lithuania | 51.2 | 93.9 | N/A | N/A | 83.4% |
| Singapore | 198 | 39.2 | N/A | N/A | -80.2% |
| Others | 316 | 206 | 70.8 | N/A | -52.7% |
| Total | 1,514 | 3,138 | 813 | 567 | -27.9% |
Top Suppliers of Vegetables; Seed Potatoes, Fresh or Chilled to Nigeria in 2022:
- Niger (9.9 tons)
- China (6.0 tons)
- Pakistan (4.2 tons)
Exports of Vegetables; Seed Potatoes, Fresh or Chilled in Nigeria
In 2022, approx. 10 tons of vegetables; seed potatoes, fresh or chilleds were exported from Nigeria; which is down by -31.8% against the year before. Overall, exports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 72% against the previous year.
In value terms, exports of vegetables; seed potatoes, fresh or chilleds contracted notably to $922 in 2022. In general, exports recorded a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 152% against the previous year.
| Export of Vegetables; Seed Potatoes, Fresh or Chilled in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | N/A | 0.3 | 0.5 | 0.5 | 29.1% |
| Niger | 5.3 | 0.3 | 1.1 | 0.4 | -57.7% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 5.3 | 0.7 | 1.7 | 0.9 | -44.6% |
Top Export Markets for Vegetables; Seed Potatoes, Fresh or Chilled from Nigeria in 2022:
- Benin (6.6 tons)
- Niger (3.8 tons)
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