Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Nigeria - 2022

Contents:

  1. Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Nigeria (CIF) - 2022
  2. Imports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Nigeria

Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Nigeria (CIF) - 2022

In 2022, the average import price for seed; clover (trifolium spp.) seed, of a kind used for sowing amounted to $5,453 per ton, waning by -25.1% against the previous year. Overall, the import price, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 327%. As a result, import price attained the peak level of $7,283 per ton, and then fell markedly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +149.2% per year.

Imports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Nigeria

In 2022, supplies from abroad of seed; clover (trifolium spp.) seed, of a kind used for sowing decreased by -28.4% to 32 tons, falling for the second year in a row after two years of growth. Overall, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 142%. As a result, imports attained the peak of 111 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of seed; clover (trifolium spp.) seed, of a kind used for sowing shrank rapidly to $173K in 2022. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. As a result, imports attained the peak of $323K, and then declined dramatically in the following year.

Import of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China10653.776.417317.7%
BeninN/AN/A9.4N/A0%
CameroonN/AN/A232N/A0%
India10.1N/AN/AN/A0%
United Arab EmiratesN/A129N/AN/A0%
Singapore19.56.35.7N/A-45.9%
OthersN/A0.20.2N/A0.0%
Total1351893231738.6%

Top Suppliers of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing to Nigeria in 2022:

  1. China (31.8 tons)

Source: IndexBox Market Intelligence Platform

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