Insects; Live, Bees Price in Nigeria - 2022
Contents:
Insects; Live, Bees Price in Nigeria (CIF) - 2022
In 2022, the average insects; live, bees import price amounted to $94 per thousand units, rising by 18% against the previous year. In general, the import price saw a measured increase. The pace of growth was the most pronounced in 2020 an increase of 140% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +24,169.2% per year.
Insects; Live, Bees Imports in Nigeria
In 2022, approx. 56K units of insects; live, beeses were imported into Nigeria; jumping by 390% against the year before. Overall, imports recorded a significant expansion. Over the period under review, imports hit record highs at 104K units in 2020; however, from 2021 to 2022, imports remained at a lower figure.
In value terms, insects; live, bees imports soared to $5.3K in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 939%. As a result, imports reached the peak of $9.7K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Insects; Live, Bees in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | 4.5 | 0.7 | 5.3 | 8.5% |
| United States | 0.9 | 5.0 | N/A | N/A | 455.6% |
| Others | N/A | 0.2 | 0.3 | N/A | 50.0% |
| Total | 0.9 | 9.7 | 0.9 | 5.3 | 80.6% |
Top Suppliers of Insects; Live, Bees to Nigeria in 2022:
- Turkey (56.0K units)
Nothing found. Please try again.
Nothing found. Please try again.
Nothing found. Please try again.
