Cereals; Millet, Seed Price in Nigeria - 2022
Contents:
- Cereals; Millet, Seed Price in Nigeria (CIF) - 2022
- Cereals; Millet, Seed Price in Nigeria (FOB) - 2022
- Cereals; Millet, Seed Imports in Nigeria
- Cereals; Millet, Seed Exports in Nigeria
Cereals; Millet, Seed Price in Nigeria (CIF) - 2022
The average cereals; millet, seed import price stood at $1,851 per ton in 2022, falling by -2.9% against the previous year. Overall, the import price, however, saw prominent growth. The pace of growth appeared the most rapid in 2018 an increase of 533%. The import price peaked at $2,032 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($5,132 per ton), while the price for India amounted to $1,485 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+50.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Cereals; Millet, Seed Price in Nigeria (FOB) - 2022
The average cereals; millet, seed export price stood at $145 per ton in 2022, growing by 10% against the previous year. Over the period under review, the export price enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 an increase of 626%. Over the period under review, the average export prices attained the maximum at $594 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to +13.0% per year.
Cereals; Millet, Seed Imports in Nigeria
In 2022, supplies from abroad of cereals; millet, seeds increased by 10% to 21 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a deep setback.
In value terms, cereals; millet, seed imports expanded rapidly to $39K in 2022. In general, imports, however, showed a abrupt contraction.
| Import of Cereals; Millet, Seed in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5.6 | 34.9 | 28.4 | 28.3 | 71.6% |
| United Kingdom | 22.8 | 7.0 | 8.3 | 10.9 | -21.8% |
| China | 24.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 52.5 | 41.8 | 36.7 | 39.3 | -9.2% |
Top Suppliers of Cereals; Millet, Seed to Nigeria in 2022:
- India (19.1 tons)
- United Kingdom (2.1 tons)
Cereals; Millet, Seed Exports in Nigeria
In 2022, the amount of cereals; millet, seeds exported from Nigeria skyrocketed to 165 tons, growing by 466% against 2021. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet, seed exports skyrocketed to $24K in 2022. Overall, exports, however, saw a noticeable setback.
| Export of Cereals; Millet, Seed in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 26.1 | 44.2 | 3.8 | 23.6 | -3.3% |
| Others | N/A | N/A | N/A | 0.4 | 0% |
| Total | 26.1 | 44.2 | 3.8 | 24.0 | -2.8% |
Top Export Markets for Cereals; Millet, Seed from Nigeria in 2022:
- Niger (165.1 tons)
1326
This report provides an in-depth analysis of the buckwheat market in Nigeria.
644
This report provides an in-depth analysis of the canary seed market in Nigeria.
1205
This report provides an in-depth analysis of the fonio market in Nigeria.
1216
This report provides an in-depth analysis of the quinoa market in Nigeria.
580
This report provides an in-depth analysis of the triticale market in Nigeria.
2966
This report provides an in-depth analysis of the millet market in Nigeria.
1543
This report provides an in-depth analysis of the cereal market in Nigeria.
1657
This report provides an in-depth analysis of the grain market in Nigeria.
1681
This report provides an in-depth analysis of the grain market in Nigeria.
4221
This report provides an in-depth analysis of the global buckwheat market.
848
In the immediate term, the global buckwheat market may face a shortage due to an export ban introduced in Russia. The country, being the largest producer and exporter of buckwheat, restricted exporting unprocessed buckwheat, coarsely ground buckwheat groats, and crushed buckwheat grain from June 5, 2021, to August 31. Russia took this step to preserve the volumes of the buckwheat grain for its domestic consumption and prevent a spike in prices inside the country. China, Latvia and Ukraine featured the most prominent increases in imports from Russia in 2021.
6607
Global buckwheat consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
3124
Global buckwheat exports amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
3138
Global buckwheat imports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
2192
In 2015, the countries with the highest levels of production in 2015 were Russia (X thousand tons), China (X thousand tons), France (X thousand tons), together accounting for X% of total output.
3580
In 2015, gross yield of buckwheat in the world increased after the fall of 2013-2014. Production volumes are increasing in Russia, as well as in China, together accounting for two thirds of global production. According to e
1813
The Mongozo Buckwheat White recently won gold at the World Beer Awards in London. Brewed with unique ingredients, the Buckwheat White is praised for its fresh and fruity aroma and smooth aftertaste. Most importantly, it is gluten-free, and is, therefor
1300
Global canary seed consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.
1551
Global canary seed exports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
1553
Global canary seed imports amounted to X thousand tons in 2015, approximately equating the previous year level.
