Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Nigeria - 2022
Contents:
- Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Nigeria (CIF) - 2022
- Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Nigeria (FOB) - 2022
- Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in Nigeria
- Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in Nigeria
Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Nigeria (CIF) - 2022
In 2022, the average import price for seed; vegetable seed, of a kind used for sowings amounted to $13,908 per ton, picking up by 2.7% against the previous year. Overall, the import price, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 72%. The import price peaked at $64,712 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($28,390 per ton), while the price for the United States ($5,158 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+22.9%), while the prices for the other major suppliers experienced a decline.
Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Nigeria (FOB) - 2022
In 2022, the average export price for seed; vegetable seed, of a kind used for sowings amounted to $1,462 per ton, dropping by -15.9% against the previous year. In general, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2017 when the average export price increased by 217%. The export price peaked at $8,627 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Iraq.
From 2012 to 2022, the rate of growth in terms of prices for Kenya amounted to -0.6% per year.
Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in Nigeria
In 2022, imports of seed; vegetable seed, of a kind used for sowings into Nigeria soared to 256 tons, growing by 19% compared with the previous year's figure. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 216%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of seed; vegetable seed, of a kind used for sowings soared to $3.6M in 2022. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 158% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Seed; Vegetable Seed, of A Kind Used for Sowing in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 519 | 837 | 1,693 | 1,465 | 41.3% |
| China | 107 | 235 | 456 | 522 | 69.6% |
| United States | 8.7 | 318 | 34.3 | 233 | 199.2% |
| Switzerland | N/A | N/A | 124 | 171 | 37.9% |
| India | 1.6 | 2.8 | 97.8 | 120 | 321.7% |
| Netherlands | 137 | 220 | 227 | 90.0 | -13.1% |
| Italy | 2.4 | 1.5 | 108 | 61.2 | 194.3% |
| Sri Lanka | N/A | 88.1 | N/A | N/A | 0% |
| Others | 137 | 649 | 167 | 902 | 87.4% |
| Total | 912 | 2,352 | 2,906 | 3,564 | 57.5% |
Top Suppliers of Seed; Vegetable Seed, of A Kind Used for Sowing to Nigeria in 2022:
- France (142.6 tons)
- United States (45.2 tons)
- China (18.4 tons)
- Switzerland (11.5 tons)
- Netherlands (7.9 tons)
- India (6.3 tons)
- Italy (5.6 tons)
Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in Nigeria
In 2022, the amount of seed; vegetable seed, of a kind used for sowings exported from Nigeria surged to 22 tons, with an increase of 27% on 2021 figures. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,058%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of seed; vegetable seed, of a kind used for sowings rose markedly to $32K in 2022. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 286%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Seed; Vegetable Seed, of A Kind Used for Sowing in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | N/A | N/A | N/A | 32.2 | 0% |
| Uganda | N/A | 0.6 | 1.6 | N/A | 166.7% |
| Saudi Arabia | N/A | N/A | 22.4 | N/A | 0% |
| Others | 2.5 | 7.2 | 6.0 | N/A | 54.9% |
| Total | 2.5 | 7.8 | 30.0 | 32.2 | 134.4% |
Top Export Markets for Seed; Vegetable Seed, of A Kind Used for Sowing from Nigeria in 2022:
- Iraq (22.0 tons)
862
This report provides an in-depth analysis of the market for tree, flower and other seeds, fruits and spores for sowing in Nigeria.
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This report provides an in-depth analysis of the global market for tree, flower and other seeds, fruits and spores for sowing.
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This report provides an in-depth analysis of the market for tree, flower and other seeds, fruits and spores for sowing in Nigeria.
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This report provides an in-depth analysis of the global market for tree, flower and other seeds, fruits and spores for sowing.
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