Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Nigeria - 2022
Contents:
- Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Nigeria (CIF) - 2022
- Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Nigeria (FOB) - 2022
- Imports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Nigeria
- Exports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Nigeria
Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Nigeria (CIF) - 2022
The average import price for seeds, fruit and spores; of a kind used for sowing stood at $10,273 per ton in 2022, increasing by 3.6% against the previous year. In general, the import price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2016 an increase of 144% against the previous year. As a result, import price reached the peak level of $24,202 per ton. From 2017 to 2022, the average import prices remained at a 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 Cameroon ($32,965 per ton), while the price for China ($3,616 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Nigeria (FOB) - 2022
The average export price for seeds, fruit and spores; of a kind used for sowing stood at $466 per ton in 2022, dropping by -62.7% against the previous year. In general, the export price recorded a noticeable decline. The pace of growth was the most pronounced in 2016 when the average export price increased by 427% against the previous year. Over the period under review, the average export prices reached the peak figure at $7,132 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
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 ($2,473 per ton), while the average price for exports to India ($298 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-26.1%).
Imports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Nigeria
In 2022, approx. 475 tons of seeds, fruit and spores; of a kind used for sowing were imported into Nigeria; jumping by 29% on the year before. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 158%. As a result, imports reached the peak of 533 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of seeds, fruit and spores; of a kind used for sowing skyrocketed to $4.9M in 2022. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 87%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Seeds, Fruit and Spores; of A Kind Used for Sowing in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 519 | 837 | 1,693 | 1,522 | 43.1% |
| China | 122 | 333 | 465 | 696 | 78.7% |
| Cameroon | N/A | N/A | 310 | 496 | 60.0% |
| Benin | 475 | N/A | 245 | 328 | -11.6% |
| United States | 10.6 | 318 | 35.1 | 235 | 180.9% |
| India | 142 | 15.8 | 97.8 | 120 | -5.5% |
| Netherlands | 137 | 254 | 227 | 90.2 | -13.0% |
| Cote d'Ivoire | 89.7 | 683 | N/A | N/A | 661.4% |
| Sri Lanka | N/A | 88.1 | N/A | N/A | 0% |
| Singapore | 88.8 | N/A | N/A | N/A | 0% |
| Ghana | N/A | 89.6 | N/A | N/A | 0% |
| Others | 263 | 844 | 572 | 1,393 | 74.3% |
| Total | 1,847 | 3,462 | 3,645 | 4,879 | 38.2% |
Top Suppliers of Seeds, Fruit and Spores; of A Kind Used for Sowing to Nigeria in 2022:
- China (192.4 tons)
- France (142.7 tons)
- United States (43.9 tons)
- Benin (33.9 tons)
- Cameroon (15.1 tons)
- India (11.2 tons)
- Netherlands (8.7 tons)
Exports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Nigeria
For the fourth year in a row, Nigeria recorded growth in shipments abroad of seeds, fruit and spores; of a kind used for sowing, which increased by 1,403% to 663 tons in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of seeds, fruit and spores; of a kind used for sowing soared to $309K in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Seeds, Fruit and Spores; of A Kind Used for Sowing in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 178 | 0% |
| India | N/A | 0.4 | N/A | 59.7 | 1121.7% |
| United States | N/A | N/A | N/A | 38.9 | 0% |
| Iraq | N/A | N/A | N/A | 32.2 | 0% |
| Saudi Arabia | N/A | N/A | 22.4 | N/A | 0% |
| Others | 16.1 | 22.2 | 32.7 | N/A | 42.5% |
| Total | 16.1 | 22.6 | 55.1 | 309 | 167.7% |
Top Export Markets for Seeds, Fruit and Spores; of A Kind Used for Sowing from Nigeria in 2022:
- China (425.0 tons)
- India (200.0 tons)
- Iraq (22.0 tons)
- United States (15.7 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.
2286
This report provides an in-depth analysis of the global market for tree, flower and other seeds, fruits and spores for sowing.
862
This report provides an in-depth analysis of the market for tree, flower and other seeds, fruits and spores for sowing in Nigeria.
2286
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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From 2007 to 2016, global palm kernel consumption displayed a mixed dynamic. As of the end of 2016, the global palm kernel market stood at X thousand tons or X million USD.
1128
Global palm kernel consumption amounted to X thousand tons in 2015, growing by +X% against the previous year level.
1579
In 2015, the countries with the highest levels of palm kernel production were Indonesia (X thousand tons), Malaysia (X thousand tons), Thailand (X thousand tons), together accounting for X% of total output.
1887
In 2015, the countries with the highest levels of palm oil production were Indonesia (X thousand tons), Malaysia (X thousand tons), Thailand (X thousand tons), together accounting for X% of total output.
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Indonesia dominates in the global palm kernel trade. In 2014, Indonesia exported X thousand tons of palm kernels totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total pal
