Price for Plants, Live; Unrooted Cuttings and Slips in Nigeria - 2022

Contents:

1. Price for Plants, Live; Unrooted Cuttings and Slips in Nigeria (CIF) - 2022
2. Price for Plants, Live; Unrooted Cuttings and Slips in Nigeria (FOB) - 2022
3. Imports of Plants, Live; Unrooted Cuttings and Slips in Nigeria
4. Exports of Plants, Live; Unrooted Cuttings and Slips in Nigeria

Price for Plants, Live; Unrooted Cuttings and Slips in Nigeria (CIF) - 2022

The average import price for plants, live; unrooted cuttings and slipses stood at $5.3 per unit in 2022, growing by 7,130% against the previous year. Over the period under review, the import price recorded significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +53.6% per year.

Price for Plants, Live; Unrooted Cuttings and Slips in Nigeria (FOB) - 2022

The average export price for plants, live; unrooted cuttings and slipses stood at $0.1 per unit in 2022, shrinking by -9.7% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2014 when the average export price increased by 32% against the previous year. As a result, the export price attained the peak level of $0.2 per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($0.1 per unit), while the average price for exports to Cote d'Ivoire stood at $0.1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+53.4%), while the prices for the other major destinations experienced a decline.

Imports of Plants, Live; Unrooted Cuttings and Slips in Nigeria

For the third year in a row, Nigeria recorded decline in overseas purchases of plants, live; unrooted cuttings and slipses, which decreased by -98.8% to 449 units in 2022. Over the period under review, imports continue to indicate a sharp downturn. The smallest decline of -10.5% was in 2021. Over the period under review, imports of reached the peak figure at 266K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of plants, live; unrooted cuttings and slipses reduced to $2.4K in 2022. In general, imports continue to indicate a dramatic downturn. The smallest decline of -12.8% was in 2021. Imports peaked at $35K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Plants, Live; Unrooted Cuttings and Slips to Nigeria in 2022:

1. Australia (449.0 units)

Exports of Plants, Live; Unrooted Cuttings and Slips in Nigeria

In 2022, after two years of decline, there was growth in overseas shipments of plants, live; unrooted cuttings and slipses, when their volume increased by 1.8% to 294K units. Overall, exports, however, saw a significant curtailment. The exports peaked at 2.9M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of plants, live; unrooted cuttings and slipses fell to $28K in 2022. Over the period under review, exports, however, faced a sharp downturn. Over the period under review, the exports of attained the maximum at $312K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Plants, Live; Unrooted Cuttings and Slips from Nigeria in 2022:

1. Cote d'Ivoire (263.0K units)
2. Denmark (26.0K units)

Source: IndexBox Market Intelligence Platform