Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Nigeria - 2022
Contents:
- Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Nigeria (CIF) - 2022
- Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Nigeria (FOB) - 2022
- Imports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Nigeria
- Exports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Nigeria
Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Nigeria (CIF) - 2022
The average import price for nuts, edible; mixtures of nuts or dried fruits of chapter 8 stood at $1,363 per ton in 2022, increasing by 1.7% against the previous year. In general, the import price, however, saw a deep slump. The pace of growth was the most pronounced in 2017 an increase of 118%. As a result, import price reached the peak level of $5,052 per ton. From 2018 to 2022, the average import prices remained at a 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 Turkey ($7,054 per ton), while the price for Lebanon ($522 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+11.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Nigeria (FOB) - 2022
In 2022, the average export price for nuts, edible; mixtures of nuts or dried fruits of chapter 8 amounted to $15,632 per ton, with an increase of 201% against the previous year. Overall, the export price saw prominent growth. The growth pace was the most rapid in 2014 when the average export price increased by 239% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
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 ($51,500 per ton), while the average price for exports to South Africa ($250 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 Finland (+69.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Nigeria
For the fourth year in a row, Nigeria recorded growth in purchases abroad of nuts, edible; mixtures of nuts or dried fruits of chapter 8, which increased by 4.2% to 24 tons in 2022. Overall, imports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 172% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of nuts, edible; mixtures of nuts or dried fruits of chapter 8 expanded markedly to $33K in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 102%. As a result, imports reached the peak of $35K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.8 | 3.4 | 10.0 | 22.0 | 26.8% |
| United Kingdom | 0.5 | 2.8 | 1.8 | 2.5 | 71.0% |
| Lebanon | 0.5 | 0.9 | 1.6 | 2.3 | 66.3% |
| United States | 0.1 | 0.5 | 0.5 | 1.4 | 141.0% |
| South Africa | 2.9 | 1.3 | 0.3 | 0.3 | -53.1% |
| India | N/A | 22.4 | 7.1 | 0.2 | -90.6% |
| Malaysia | N/A | N/A | 7.5 | N/A | 0% |
| Others | 2.3 | 3.1 | 2.0 | 4.0 | 20.3% |
| Total | 17.1 | 34.5 | 30.8 | 32.7 | 24.1% |
Top Suppliers of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 to Nigeria in 2022:
- China (15.6 tons)
- Lebanon (4.3 tons)
- United Kingdom (2.3 tons)
- United States (0.9 tons)
- South Africa (0.1 tons)
Exports of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Nigeria
In 2022, shipments abroad of nuts, edible; mixtures of nuts or dried fruits of chapter 8 decreased by -74.7% to 418 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 193% against the previous year.
In value terms, exports of nuts, edible; mixtures of nuts or dried fruits of chapter 8 shrank significantly to $6.5K in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 344%.
| Export of Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 109 | 296 | 2,095 | 2,199 | 172.2% |
| Finland | 23.0 | 88.0 | 1,970 | 2,032 | 345.4% |
| Sweden | 342 | 550 | 581 | 330 | -1.2% |
| Belgium | 231 | 415 | 459 | 290 | 7.9% |
| South Africa | 7.0 | 5.0 | 3.0 | 1.0 | -47.7% |
| Uganda | N/A | 71.0 | N/A | N/A | 0% |
| Senegal | N/A | N/A | 2,164 | N/A | 0% |
| Italy | N/A | 1,049 | N/A | N/A | 0% |
| Bahrain | N/A | 126 | N/A | N/A | 0% |
| Others | 301 | 1,902 | 1,291 | 1,682 | 77.5% |
| Total | 1,013 | 4,502 | 8,563 | 6,534 | 86.1% |
Top Export Markets for Nuts, Edible; Mixtures of Nuts or Dried Fruits of Chapter 8 from Nigeria in 2022:
- Canada (267.0 kg)
- Finland (54.0 kg)
- Sweden (12.0 kg)
- Belgium (6.0 kg)
- South Africa (4.0 kg)
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