Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Nigeria - 2022
Contents:
- Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Nigeria (CIF) - 2022
- Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Nigeria (FOB) - 2022
- Imports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Nigeria
- Exports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Nigeria
Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Nigeria (CIF) - 2022
In 2022, the average import price for offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen amounted to $3,405 per ton, with a decrease of -39.2% against the previous year. Overall, the import price showed a drastic downturn. The growth pace was the most rapid in 2021 when the average import price increased by 65%. The import price peaked at $6,512 per ton 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 South Africa.
From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -6.3% per year.
Price for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Nigeria (FOB) - 2022
The average export price for offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen stood at $148 per ton in 2021, falling by -10.4% against the previous year. Overall, the export price saw a dramatic contraction. Over the period under review, the average export prices reached the peak figure at $1,990 per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($186 per ton), while the average price for exports to Italy totaled $14 per ton.
From 2019 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Nigeria
In 2022, overseas purchases of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen were finally on the rise to reach 5.3 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt decline.
In value terms, imports of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen soared to $18K in 2022. In general, imports, however, faced a abrupt slump.
| Import of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 32.1 | 18.0 | 3.8 | 18.0 | -17.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 32.1 | 18.0 | 3.8 | 18.0 | -17.5% |
Top Suppliers of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen to Nigeria in 2022:
- South Africa (5.3 tons)
Exports of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Nigeria
Exports of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen from Nigeria surged to 128 tons in 2021, with an increase of 99% on 2020 figures. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 5,402%. Over the period under review, the exports of hit record highs in 2021 and are likely to see steady growth in the immediate term.
In value terms, exports of offal, edible; of sheep, goats, horses, asses, mules or hinnies, frozen surged to $19K in 2021. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 358% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are likely to continue growth in the immediate term.
| Export of Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | N/A | N/A | 18.6 | 0% | |
| Italy | N/A | N/A | 0.4 | 0% | |
| Niger | N/A | 10.7 | N/A | 0% | |
| Others | 2.3 | N/A | N/A | 0% | |
| Total | 2.3 | 10.7 | 19.0 | 187.4% | |
Top Export Markets for Offal, Edible; of Sheep, Goats, Horses, Asses, Mules or Hinnies, Frozen from Nigeria in 2022:
- China (100.2 tons)
- Italy (28.0 tons)
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