Price for Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Nigeria - 2022
Contents:
- Price for Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Nigeria (FOB) - 2022
- Price for Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Nigeria (CIF) - 2022
- Exports of Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Nigeria
- Imports of Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Nigeria
Price for Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Nigeria (FOB) - 2022
In 2022, the average export price for mollusc preparations; snails, other than sea snails, prepared or preserveds amounted to $2,981 per ton, shrinking by -32.9% against the previous year. Overall, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by 91% against the previous year. As a result, the export price reached the peak level of $19,955 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($5,683 per ton), while the average price for exports to the United States amounted to $2,854 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+17.3%), while the prices for the other major destinations experienced a decline.
Price for Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Nigeria (CIF) - 2022
In 2022, the average import price for mollusc preparations; snails, other than sea snails, prepared or preserveds amounted to $3,600 per ton, shrinking by -14.3% against the previous year. Over the period under review, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 118%. As a result, import price reached the peak level of $9,760 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
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 France ($4,667 per ton), while the price for South Africa amounted to $2,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-7.0%).
Exports of Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Nigeria
In 2022, the amount of mollusc preparations; snails, other than sea snails, prepared or preserveds exported from Nigeria skyrocketed to 15 tons, increasing by 97% against 2021. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 750% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of mollusc preparations; snails, other than sea snails, prepared or preserveds skyrocketed to $44K in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 490% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.0 | 4.3 | 33.2 | 39.5 | 53.1% |
| United Arab Emirates | 0.1 | N/A | N/A | 4.2 | 247.6% |
| Canada | 3.0 | 1.3 | N/A | N/A | -56.7% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 14.1 | 5.6 | 33.2 | 43.8 | 45.9% |
Top Export Markets for Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved from Nigeria in 2022:
- United States (13.8 tons)
- United Arab Emirates (0.7 tons)
Imports of Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Nigeria
After three years of growth, supplies from abroad of mollusc preparations; snails, other than sea snails, prepared or preserveds decreased by 0% to 5 kg in 2022. The total import volume increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of mollusc preparations; snails, other than sea snails, prepared or preserveds shrank to $18 in 2022. Overall, imports continue to indicate a abrupt contraction. The smallest decline of -11.1% was in 2020.
| Import of Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 23.0 | 20.0 | 17.0 | 14.0 | -15.3% |
| South Africa | 4.0 | 4.0 | 4.0 | 4.0 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 27.0 | 24.0 | 21.0 | 18.0 | -12.6% |
Top Suppliers of Mollusc Preparations; Snails, Other than Sea Snails, Prepared or Preserved to Nigeria in 2022:
- France (3.0 kg)
- South Africa (2.0 kg)
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