Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in Nigeria - 2022
Contents:
- Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in Nigeria (CIF) - 2022
- Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in Nigeria (FOB) - 2022
- Imports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in Nigeria
- Exports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in Nigeria
Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in Nigeria (CIF) - 2022
The average import price for swine; live, (other than pure-bred breeding animals), weighing less than 50kg stood at $56 per unit in 2022, remaining constant against the previous year. Over the period under review, the import price faced a precipitous descent. The most prominent rate of growth was recorded in 2018 an increase of 110%. Over the period under review, average import prices hit record highs at $909 per unit in 2012; however, from 2013 to 2022, 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 South Africa ($110 per unit), while the price for the United States ($51 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+24.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in Nigeria (FOB) - 2022
In 2022, the average export price for swine; live, (other than pure-bred breeding animals), weighing less than 50kg amounted to $37 per unit, picking up by 2.8% against the previous year. Over the period under review, the export price, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 64% against the previous year. As a result, the export price attained the peak level of $95 per unit. From 2014 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Benin.
From 2012 to 2022, the rate of growth in terms of prices for Benin amounted to -4.4% per year.
Imports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in Nigeria
In 2022, approx. 2K units of swine; live, (other than pure-bred breeding animals), weighing less than 50kg were imported into Nigeria; with an increase of 99% on 2021. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 12,538% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of swine; live, (other than pure-bred breeding animals), weighing less than 50kg surged to $112K in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 10,782% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 86.0 | 0% |
| Niger | 0.8 | 0.3 | 32.6 | 15.7 | 169.7% |
| South Africa | 0.8 | 0.2 | 23.8 | 10.7 | 137.4% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 1.7 | 0.5 | 56.5 | 112 | 303.9% |
Top Suppliers of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg to Nigeria in 2022:
- United States (1690.0 units)
- Niger (228.0 units)
- South Africa (97.0 units)
Exports of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in Nigeria
In 2022, exports of swine; live, (other than pure-bred breeding animals), weighing less than 50kg from Nigeria stood at 1 units, approximately equating the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of swine; live, (other than pure-bred breeding animals), weighing less than 50kg rose slightly to $37 in 2022. The total export value increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 2.9%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 35.0 | 35.0 | 36.0 | 37.0 | 1.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 35.0 | 35.0 | 36.0 | 37.0 | 1.9% |
Top Export Markets for Swine; Live, (Other than Pure-Bred Breeding Animals), Weighing Less than 50kg from Nigeria in 2022:
- Benin (1.0 units)
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