Price for Animal Products; Bovine Semen in Nigeria - 2022
Contents:
- Price for Animal Products; Bovine Semen in Nigeria (CIF) - 2022
- Imports of Animal Products; Bovine Semen in Nigeria
Price for Animal Products; Bovine Semen in Nigeria (CIF) - 2022
In 2022, the average animal products; bovine semen import price amounted to $828 per unit, shrinking by -2.4% against the previous year. Over the period under review, the import price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 an increase of 98%. As a result, import price attained the peak level of $860 per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
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 the United States ($7,205 per unit), while the price for South Africa ($76 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+40.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Animal Products; Bovine Semen in Nigeria
In 2022, animal products; bovine semen imports into Nigeria soared to 156 units, jumping by 50% on 2021 figures. In general, imports, however, continue to indicate a abrupt setback. Imports peaked at 270 units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
In value terms, animal products; bovine semen imports surged to $129K in 2022. Over the period under review, imports, however, saw a deep slump. Over the period under review, imports hit record highs at $183K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Animal Products; Bovine Semen in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | 145 | 79.7 | 98.8 | -17.5% |
| United States | 77.6 | 25.2 | 4.4 | 14.4 | -43.0% |
| Italy | 51.3 | N/A | N/A | N/A | 0% |
| Others | 54.2 | 0.1 | 4.0 | 15.9 | -33.6% |
| Total | 183 | 170 | 88.2 | 129 | -11.0% |
Top Suppliers of Animal Products; Bovine Semen to Nigeria in 2022:
- United Kingdom (150.0 units)
- United States (2.0 units)
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