Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Nigeria - 2022
Contents:
- Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Nigeria (CIF) - 2022
- Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Nigeria (FOB) - 2022
- Imports of Cattle; Live, Other than Pure-Bred Breeding Animals in Nigeria
- Exports of Cattle; Live, Other than Pure-Bred Breeding Animals in Nigeria
Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Nigeria (CIF) - 2022
In 2022, the average import price for cattle; live, other than pure-bred breeding animalses amounted to $1,040 per unit, growing by 6.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 13%. Over the period under review, average import prices hit record highs at $1,118 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Mali amounted to +20.2% per year.
Price for Cattle; Live, Other than Pure-Bred Breeding Animals in Nigeria (FOB) - 2022
The average export price for cattle; live, other than pure-bred breeding animalses stood at $184 per unit in 2022, which is down by -21.3% against the previous year. Over the period under review, the export price, however, saw modest growth. The pace of growth was the most pronounced in 2014 an increase of 311% against the previous year. As a result, the export price reached the peak level of $341 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
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 +1.6% per year.
Imports of Cattle; Live, Other than Pure-Bred Breeding Animals in Nigeria
In 2022, the amount of cattle; live, other than pure-bred breeding animalses imported into Nigeria skyrocketed to 1.8K units, increasing by 254% on 2021. Overall, imports, however, saw a abrupt shrinkage. Over the period under review, imports of hit record highs at 2.2K units in 2020; however, from 2021 to 2022, imports remained at a lower figure.
In value terms, imports of cattle; live, other than pure-bred breeding animalses surged to $1.9M in 2022. In general, imports, however, continue to indicate a pronounced decline. Over the period under review, imports of attained the maximum at $2M in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
| Import of Cattle; Live, Other than Pure-Bred Breeding Animals in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 39.2 | 35.7 | 30.0 | 1,861 | 262.1% |
| Niger | 1,934 | 1,992 | 437 | N/A | -52.5% |
| Others | 1.7 | 4.2 | 26.3 | N/A | 293.3% |
| Total | 1,975 | 2,032 | 493 | 1,861 | -2.0% |
Top Suppliers of Cattle; Live, Other than Pure-Bred Breeding Animals to Nigeria in 2022:
- United States (1.8K units)
Exports of Cattle; Live, Other than Pure-Bred Breeding Animals in Nigeria
In 2022, after two years of decline, there was significant growth in shipments abroad of cattle; live, other than pure-bred breeding animalses, when their volume increased by 30% to 13 units. In general, exports, however, faced a sharp decline. The exports peaked at 34 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of cattle; live, other than pure-bred breeding animalses amounted to $2.4K in 2022. Over the period under review, exports, however, recorded a deep downturn. Over the period under review, the exports of hit record highs at $4.1K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Cattle; Live, Other than Pure-Bred Breeding Animals in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 3.9 | 2.5 | 2.3 | 2.4 | -14.9% |
| Togo | 0.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.1 | 2.5 | 2.3 | 2.4 | -16.3% |
Top Export Markets for Cattle; Live, Other than Pure-Bred Breeding Animals from Nigeria in 2022:
- Niger (13.0 units)
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