Price for Cheese of All Kinds, Grated or Powdered in Nigeria - 2022
Contents:
- Price for Cheese of All Kinds, Grated or Powdered in Nigeria (CIF) - 2022
- Imports of Cheese of All Kinds, Grated or Powdered in Nigeria
Price for Cheese of All Kinds, Grated or Powdered in Nigeria (CIF) - 2022
In 2022, the average import price for cheese of all kinds, grated or powdered amounted to $4,036 per ton, picking up by 12% against the previous year. In general, the import price showed a perceptible increase. The pace of growth was the most pronounced in 2014 an increase of 742%. The import price peaked at $5,440 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($6,047 per ton), while the price for Denmark ($3,920 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Cheese of All Kinds, Grated or Powdered in Nigeria
In 2022, the amount of cheese of all kinds, grated or powdered imported into Nigeria rose notably to 640 tons, growing by 6.2% against 2021. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 204%. As a result, imports reached the peak of 1.7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of cheese of all kinds, grated or powdered soared to $2.6M in 2022. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 190% against the previous year. As a result, imports attained the peak of $5.1M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cheese of All Kinds, Grated or Powdered in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 1.7 | 4.9 | 2.0 | 2.2 | 9.0% |
| Malaysia | N/A | N/A | 0.1 | 0.2 | 100.0% |
| South Africa | N/A | N/A | N/A | 0.1 | 0% |
| India | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.2 | 0.1 | N/A | 0.0% |
| Total | 1.8 | 5.1 | 2.2 | 2.6 | 13.0% |
Top Suppliers of Cheese of All Kinds, Grated or Powdered to Nigeria in 2022:
- Denmark (562.2 tons)
- Malaysia (56.5 tons)
- South Africa (21.5 tons)
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