Price for Fish; Live, Ornamental, Other than Freshwater in Nigeria - 2022
Contents:
- Price for Fish; Live, Ornamental, Other than Freshwater in Nigeria (CIF) - 2022
- Price for Fish; Live, Ornamental, Other than Freshwater in Nigeria (FOB) - 2022
- Imports of Fish; Live, Ornamental, Other than Freshwater in Nigeria
- Exports of Fish; Live, Ornamental, Other than Freshwater in Nigeria
Price for Fish; Live, Ornamental, Other than Freshwater in Nigeria (CIF) - 2022
The average import price for fish; live, ornamental, other than freshwater stood at $2,241 per ton in 2022, shrinking by -20.1% against the previous year. Over the period under review, the import price recorded a significant curtailment. The pace of growth appeared the most rapid in 2013 when the average import price increased by 10% against the previous year. As a result, import price attained the peak level of $247,083 per ton. From 2014 to 2022, the average 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 Norway ($3,400 per ton), while the price for Democratic Republic of the Congo ($1,137 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (-38.6%).
Price for Fish; Live, Ornamental, Other than Freshwater in Nigeria (FOB) - 2022
The average export price for fish; live, ornamental, other than freshwater stood at $15,451 per ton in 2022, declining by -13.4% against the previous year. Over the period under review, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2020 when the average export price increased by 53% against the previous year. Over the period under review, the average export prices attained the maximum at $31,362 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($18,995 per ton), while the average price for exports to South Africa ($9,045 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.1%), while the prices for the other major destinations experienced a decline.
Imports of Fish; Live, Ornamental, Other than Freshwater in Nigeria
In 2022, the amount of fish; live, ornamental, other than freshwater imported into Nigeria soared to 702 kg, increasing by 1,426% on the previous year. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fish; live, ornamental, other than freshwater skyrocketed to $1.6K in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fish; Live, Ornamental, Other than Freshwater in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | N/A | N/A | N/A | 816 | 0% |
| Singapore | N/A | N/A | N/A | 401 | 0% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 356 | 0% |
| Kenya | 147 | 189 | 129 | N/A | -6.3% |
| United Arab Emirates | 708 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 855 | 189 | 129 | 1,573 | 22.5% |
Top Suppliers of Fish; Live, Ornamental, Other than Freshwater to Nigeria in 2022:
- Democratic Republic of the Congo (313.0 kg)
- Norway (240.0 kg)
- Singapore (149.0 kg)
Exports of Fish; Live, Ornamental, Other than Freshwater in Nigeria
Exports of fish; live, ornamental, other than freshwater from Nigeria contracted notably to 1.9 tons in 2022, with a decrease of -31.8% on 2021. Overall, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 294% against the previous year. As a result, the exports attained the peak of 2.8 tons, and then fell significantly in the following year.
In value terms, exports of fish; live, ornamental, other than freshwater declined rapidly to $29K in 2022. In general, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 451%. As a result, the exports attained the peak of $50K, and then shrank markedly in the following year.
| Export of Fish; Live, Ornamental, Other than Freshwater in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 3.8 | 2.9 | 13.8 | 7.2 | 23.7% |
| South Africa | 8.3 | 1.1 | 17.0 | 5.4 | -13.3% |
| France | 1.9 | 1.5 | 7.0 | 3.6 | 23.7% |
| Canada | 0.1 | 0.2 | 1.3 | 2.5 | 192.4% |
| United Arab Emirates | 1.1 | 0.7 | 3.3 | 1.6 | 13.3% |
| Poland | N/A | N/A | 0.3 | 1.6 | 433.3% |
| India | 0.9 | 0.4 | 1.3 | 1.5 | 18.6% |
| United States | 2.0 | 1.1 | 3.8 | 1.5 | -9.1% |
| Others | 0.5 | 1.1 | 1.7 | 4.4 | 106.5% |
| Total | 18.5 | 9.0 | 49.7 | 29.4 | 16.7% |
Top Export Markets for Fish; Live, Ornamental, Other than Freshwater from Nigeria in 2022:
- South Africa (601.0 kg)
- Malaysia (456.0 kg)
- France (192.0 kg)
- Canada (159.0 kg)
- India (115.0 kg)
- Poland (104.0 kg)
- United States (96.0 kg)
- United Arab Emirates (93.0 kg)
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