Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Nigeria - 2022

Contents:

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

Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Nigeria (CIF) - 2022

The average import price for seed; sugar beet seed, of a kind used for sowing stood at $29,571 per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 1,928%. As a result, import price attained the peak level of $39,542 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Kenya ($41,000 per ton), while the price for Italy totaled $27,667 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-4.7%).

Imports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Nigeria

In 2022, the amount of seed; sugar beet seed, of a kind used for sowing imported into Nigeria contracted rapidly to 7 kg, falling by -50% compared with 2021. In general, imports saw a sharp slump.

In value terms, imports of seed; sugar beet seed, of a kind used for sowing contracted significantly to $207 in 2022. Over the period under review, imports continue to indicate a dramatic decline.

Import of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Nigeria (USD)
COUNTRY20212022CAGR,
2021-2022
Italy20283.0-58.9%
KenyaN/A41.00%
Malaysia9.0N/A0%
Netherlands3.0N/A0%
Others20183.0-58.7%
Total415207-50.1%

Top Suppliers of Seed; Sugar Beet Seed, of A Kind Used for Sowing to Nigeria in 2022:

  1. Italy (3.0 kg)
  2. Kenya (1.0 kg)

Source: IndexBox Market Intelligence Platform

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