Bovine Animals; Live Price in Nigeria - 2022
Contents:
- Bovine Animals; Live Price in Nigeria (CIF) - 2022
- Bovine Animals; Live Price in Nigeria (FOB) - 2022
- Bovine Animals; Live Imports in Nigeria
- Bovine Animals; Live Exports in Nigeria
Bovine Animals; Live Price in Nigeria (CIF) - 2022
In 2022, the average bovine animals; live import price amounted to $1,110 per unit, declining by -8.6% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bovine animals; live import price increased by +23.8% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of 22%. The import price peaked at $1,506 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($1,687 per unit), while the price for Niger amounted to $1,088 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (+1.4%).
Bovine Animals; Live Price in Nigeria (FOB) - 2022
The average bovine animals; live export price stood at $994 per unit in 2022, declining by -3.8% against the previous year. Over the period under review, the export price, however, enjoyed a pronounced expansion. The growth pace was the most rapid in 2019 an increase of 180% against the previous year. The export price peaked at $1,033 per unit in 2021, and then contracted in the following year.
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 Ghana amounted to +96.4% per year.
Bovine Animals; Live Imports in Nigeria
In 2022, bovine animals; live imports into Nigeria shrank to 7.7K units, approximately equating 2021 figures. Over the period under review, imports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 1.7%. Imports peaked at 18K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, bovine animals; live imports declined to $8.5M in 2022. In general, imports continue to indicate a dramatic decline. The pace of growth was the most pronounced in 2021 when imports increased by 24%. Imports peaked at $17M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Bovine Animals; Live in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 16.6 | 7.6 | 8.8 | 7.8 | -22.3% |
| South Africa | N/A | N/A | 0.1 | 0.7 | 600.0% |
| Others | N/A | N/A | 0.6 | 0.1 | -83.3% |
| Total | 16.7 | 7.6 | 9.5 | 8.5 | -20.2% |
Top Suppliers of Bovine Animals; Live to Nigeria in 2022:
- Niger (7.2K units)
- South Africa (0.4K units)
Bovine Animals; Live Exports in Nigeria
In 2022, after three years of growth, there was significant decline in overseas shipments of bovine animals; lives, when their volume decreased by -17.6% to 28 units. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62%. As a result, the exports attained the peak of 34 units, and then dropped notably in the following year.
In value terms, bovine animals; live exports shrank dramatically to $28K in 2022. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 96% against the previous year. Over the period under review, the exports hit record highs at $35K in 2021, and then dropped rapidly in the following year.
| Export of Bovine Animals; Live in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 10.3 | 20.6 | 5.4 | 27.8 | 39.2% |
| Germany | N/A | N/A | 19.0 | N/A | 0% |
| Vietnam | N/A | N/A | 10.7 | N/A | 0% |
| Togo | 0.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.5 | 20.6 | 35.1 | 27.8 | 38.3% |
Top Export Markets for Bovine Animals; Live from Nigeria in 2022:
- Niger (28.0 units)
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