Price for Sheep and Goats; Live in Nigeria - 2022

Contents:

1. Price for Sheep and Goats; Live in Nigeria (CIF) - 2022
2. Price for Sheep and Goats; Live in Nigeria (FOB) - 2022
3. Imports of Sheep and Goats; Live in Nigeria
4. Exports of Sheep and Goats; Live in Nigeria

Price for Sheep and Goats; Live in Nigeria (CIF) - 2022

The average sheep and goats; live import price stood at $158 per unit in 2022, approximately reflecting the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 32% against the previous year. The import price peaked at $178 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Niger ($176 per unit), while the price for the United States ($47 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Sheep and Goats; Live in Nigeria (FOB) - 2022

The average sheep and goats; live export price stood at $108 per unit in 2022, dropping by -7.7% against the previous year. In general, the export price showed a deep setback. The pace of growth was the most pronounced in 2017 an increase of 41%. The export price peaked at $305 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($109 per unit), while the average price for exports to Benin amounted to $104 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+19.8%).

Imports of Sheep and Goats; Live in Nigeria

In 2022, overseas purchases of sheep and goats; live were finally on the rise to reach 14K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a abrupt shrinkage. Imports peaked at 27K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, sheep and goats; live imports surged to $2.2M in 2022. Over the period under review, imports, however, continue to indicate a deep downturn. Imports peaked at $3.9M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Sheep and Goats; Live to Nigeria in 2022:

1. China (5.5K units)
2. Niger (5.4K units)
3. United States (1.7K units)
4. South Africa (1.1K units)

Exports of Sheep and Goats; Live in Nigeria

In 2022, overseas shipments of sheep and goats; live were finally on the rise to reach 233 units after two years of decline. In general, exports, however, showed a precipitous slump. Over the period under review, the exports hit record highs at 888 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, sheep and goats; live exports soared to $25K in 2022. Over the period under review, exports, however, faced a sharp reduction. Over the period under review, the exports attained the maximum at $95K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Sheep and Goats; Live from Nigeria in 2022:

1. Niger (180.0 units)
2. Benin (53.0 units)

Source: IndexBox Market Intelligence Platform