Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Nigeria - 2022
Contents:
- Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Nigeria (CIF) - 2022
- Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Nigeria (FOB) - 2022
- Imports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Nigeria
- Exports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Nigeria
Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Nigeria (CIF) - 2022
The average import price for plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants stood at $0.2 per unit in 2022, which is down by -11.5% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the average import price increased by 60% against the previous year. The import price peaked at $0.3 per unit in 2021, and then shrank in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($0.2 per unit), while the price for the UK stood at $0.2 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Nigeria (FOB) - 2022
The average export price for plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants stood at $0.2 per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price enjoyed modest growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 0.9% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($0.4 per unit), while the average price for exports to South Africa ($0.2 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Nigeria
In 2022, approx. 144K units of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants were imported into Nigeria; increasing by 83% on 2021. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 154% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants surged to $34K in 2022. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 161%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.0 | 3.8 | 13.0 | 34.3 | 157.9% |
| United Kingdom | 2.9 | 1.2 | 1.7 | 0.2 | -59.0% |
| South Africa | 1.8 | 2.5 | 6.3 | N/A | 87.1% |
| Others | 3.0 | 0.6 | 0.3 | N/A | -68.4% |
| Total | 9.7 | 8.2 | 21.3 | 34.5 | 52.6% |
Top Suppliers of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant to Nigeria in 2022:
- China (143.0K units)
- United Kingdom (0.7K units)
Exports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Nigeria
In 2022, approx. 39K units of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants were exported from Nigeria; which is down by -50% against the year before. In general, exports faced a significant decline. The exports peaked at 78K units in 2021, and then dropped sharply in the following year.
In value terms, exports of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants contracted dramatically to $6.9K in 2022. Overall, exports showed a precipitous setback. The exports peaked at $14K in 2021, and then contracted dramatically in the following year.
| Export of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| South Africa | 8.5 | 5.3 | -37.6% | ||
| United States | 0.7 | 0.4 | -42.9% | ||
| Netherlands | 1.0 | 0.3 | -70.0% | ||
| Germany | 0.5 | 0.3 | -40.0% | ||
| China | 1.5 | N/A | 0% | ||
| Others | 1.5 | 0.6 | -60.0% | ||
| Total | 13.7 | 6.9 | -49.6% | ||
Top Export Markets for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant from Nigeria in 2022:
- South Africa (33.1K units)
- Germany (1.6K units)
- United States (0.9K units)
- Netherlands (0.8K units)
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