Cereals; Barley, Seed Price in Nigeria - 2022

Contents:

  1. Cereals; Barley, Seed Price in Nigeria (CIF) - 2022
  2. Cereals; Barley, Seed Imports in Nigeria

Cereals; Barley, Seed Price in Nigeria (CIF) - 2022

The average cereals; barley, seed import price stood at $1,180 per ton in 2022, rising by 34% against the previous year. Over the period under review, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 64% against the previous year. The import price peaked in 2022 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 France ($29,018 per ton), while the price for Italy ($318 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+203.7%), while the prices for the other major suppliers experienced a decline.

Cereals; Barley, Seed Imports in Nigeria

Cereals; barley, seed imports into Nigeria contracted notably to 2.4K tons in 2022, with a decrease of -37.6% compared with 2021. Overall, imports faced a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 70%.

In value terms, cereals; barley, seed imports dropped notably to $2.8M in 2022. In general, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 47% against the previous year.

Import of Cereals; Barley, Seed in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France135N/AN/A1,765135.6%
China1,3391,3101,041630-22.2%
United Kingdom5924041,361227-27.4%
Italy310N/AN/A66.2-40.2%
Colombia275N/AN/AN/A0%
United States278N/AN/AN/A0%
Others57652990286.3-46.9%
Total3,5062,2433,3042,774-7.5%

Top Suppliers of Cereals; Barley, Seed to Nigeria in 2022:

  1. China (1491.3 tons)
  2. United Kingdom (557.7 tons)
  3. Italy (208.1 tons)
  4. France (60.8 tons)

Source: IndexBox Market Intelligence Platform

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