Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Nigeria - 2022
Contents:
- Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Nigeria (CIF) - 2022
- Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Nigeria
Price for Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Nigeria (CIF) - 2022
The average import price for fresh or chilled carcasses and half-carcasses of bovine meat stood at $10,339 per ton in 2022, surging by 70% against the previous year. Over the period under review, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 241%. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($9,000 per ton), while the price for Niger stood at $3,523 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (+19.8%).
Imports of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Nigeria
For the third year in a row, Nigeria recorded decline in supplies from abroad of fresh or chilled carcasses and half-carcasses of bovine meat, which decreased by -7.1% to 118 kg in 2022. Over the period under review, imports faced a sharp decline.
In value terms, imports of fresh or chilled carcasses and half-carcasses of bovine meat soared to $1.2K in 2022. Overall, imports continue to indicate a sharp shrinkage.
| Import of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 117 | 316 | N/A | 155 | 9.8% |
| South Africa | 1.0 | 5.0 | N/A | 9.0 | 108.0% |
| Others | 5,382 | 2,816 | 774 | 1,056 | -41.9% |
| Total | 5,500 | 3,137 | 774 | 1,220 | -39.5% |
Top Suppliers of Fresh or Chilled Carcasses and Half-Carcasses of Bovine Meat to Nigeria in 2022:
- Niger (44.0 kg)
- South Africa (1.0 kg)
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