Goats; Live Price in Nigeria - 2022

Contents:

1. Goats; Live Price in Nigeria (CIF) - 2022
2. Goats; Live Price in Nigeria (FOB) - 2022
3. Goats; Live Imports in Nigeria
4. Goats; Live Exports in Nigeria

Goats; Live Price in Nigeria (CIF) - 2022

The average goats; live import price stood at $277 per unit in 2022, which is down by -6.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2019 an increase of 32% against the previous year. The import price peaked at $311 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($399 per unit), while the price for China ($268 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Goats; Live Price in Nigeria (FOB) - 2022

In 2022, the average goats; live export price amounted to $161 per unit, reducing by -4.2% against the previous year. Overall, the export price, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 an increase of 162%. Over the period under review, the average export prices attained the peak figure at $184 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 +15.2% per year.

Goats; Live Imports in Nigeria

In 2022, after two years of decline, there was significant growth in purchases abroad of goats; lives, when their volume increased by 29% to 4.4K units. Overall, imports, however, recorded a deep setback. Over the period under review, imports reached the peak figure at 7.3K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, goats; live imports skyrocketed to $1.2M in 2022. In general, imports, however, showed a abrupt curtailment. Over the period under review, imports attained the maximum at $2M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Goats; Live to Nigeria in 2022:

1. China (3.0K units)
2. Niger (1.0K units)
3. South Africa (0.3K units)

Goats; Live Exports in Nigeria

In 2022, goats; live exports from Nigeria was estimated at 1 units, approximately equating the previous year's figure. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, goats; live exports declined modestly to $161 in 2022. The total export value increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 9.2% against the previous year. The exports peaked at $168 in 2021, and then reduced in the following year.

Top Export Markets for Goats; Live from Nigeria in 2022:

1. Niger (1.0 units)

Source: IndexBox Market Intelligence Platform