Price for Citrus Fruits Not Elsewhere Classified in Nigeria - 2022
Contents:
- Price for Citrus Fruits Not Elsewhere Classified in Nigeria (CIF) - 2022
- Price for Citrus Fruits Not Elsewhere Classified in Nigeria (FOB) - 2022
- Imports of Citrus Fruits Not Elsewhere Classified in Nigeria
- Exports of Citrus Fruits Not Elsewhere Classified in Nigeria
Price for Citrus Fruits Not Elsewhere Classified in Nigeria (CIF) - 2022
In 2022, the average import price for citrus fruits not elsewhere classified amounted to $703 per ton, falling by -4.9% against the previous year. Over the period under review, the import price showed a mild contraction. The pace of growth was the most pronounced in 2013 an increase of 161% against the previous year. The import price peaked at $2,111 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,312 per ton), while the price for South Africa ($681 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Citrus Fruits Not Elsewhere Classified in Nigeria (FOB) - 2022
In 2022, the average export price for citrus fruits not elsewhere classified amounted to $1,514 per ton, declining by -41.5% against the previous year. Over the period under review, the export price, however, enjoyed a pronounced expansion. Over the period under review, the average export prices hit record highs at $2,587 per ton in 2021, and then dropped sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,924 per ton), while the average price for exports to Niger stood at $170 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (-42.8%).
Imports of Citrus Fruits Not Elsewhere Classified in Nigeria
After three years of growth, purchases abroad of citrus fruits not elsewhere classified decreased by -50.3% to 600 tons in 2022. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 1,691%.
In value terms, citrus fruits not elsewhere classified imports fell markedly to $422K in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 1,787% against the previous year.
| Import of Citrus Fruits Not Elsewhere Classified in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 17.2 | 455 | 537 | 363 | 176.3% |
| Egypt | 6.2 | N/A | N/A | 35.6 | 79.1% |
| China | 1.5 | N/A | 124 | 14.3 | 112.0% |
| Indonesia | N/A | N/A | 215 | N/A | 0% |
| Others | N/A | 16.8 | 16.0 | 8.6 | -28.5% |
| Total | 25.0 | 471 | 892 | 422 | 156.5% |
Top Suppliers of Citrus Fruits Not Elsewhere Classified to Nigeria in 2022:
- South Africa (533.6 tons)
- Egypt (50.8 tons)
- China (10.9 tons)
Exports of Citrus Fruits Not Elsewhere Classified in Nigeria
In 2022, after two years of decline, there was significant decline in shipments abroad of citrus fruits not elsewhere classified, when their volume decreased by -14.6% to 6.5 tons. Over the period under review, exports continue to indicate a sharp reduction.
In value terms, citrus fruits not elsewhere classified exports declined significantly to $9.8K in 2022. Overall, exports recorded a sharp downturn.
| Export of Citrus Fruits Not Elsewhere Classified in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 18.8 | 9.6 | -48.9% |
| Niger | 65.1 | N/A | 0.7 | 0.3 | -83.4% |
| Others | 1.9 | N/A | 0.1 | N/A | -77.1% |
| Total | 67.1 | N/A | 19.7 | 9.8 | -47.3% |
Top Export Markets for Citrus Fruits Not Elsewhere Classified from Nigeria in 2022:
- United States (5.0 tons)
- Niger (1.5 tons)
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