Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Nigeria - 2022
Contents:
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Nigeria (CIF) - 2022
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Nigeria (FOB) - 2022
- Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Nigeria
- Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Nigeria
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Nigeria (CIF) - 2022
In 2022, the average import price for vegetables; potatoes (other than seed), fresh or chilleds amounted to $641 per ton, with an increase of 44% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 62%. The import price peaked at $893 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($1,144 per ton), while the price for the United States ($481 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Nigeria (FOB) - 2022
In 2022, the average export price for vegetables; potatoes (other than seed), fresh or chilleds amounted to $146 per ton, shrinking by -12.5% against the previous year. Over the period under review, the export price faced a drastic downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 48%. As a result, the export price attained the peak level of $1,095 per ton. 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 Niger.
From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to -14.7% per year.
Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Nigeria
Imports of vegetables; potatoes (other than seed), fresh or chilleds into Nigeria contracted remarkably to 707 tons in 2022, waning by -34.4% against the year before. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, imports attained the peak of 1.1K tons, and then reduced notably in the following year.
In value terms, imports of vegetables; potatoes (other than seed), fresh or chilleds dropped to $453K in 2022. Over the period under review, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 5%.
| Import of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 269 | 424 | 468 | 237 | -4.1% |
| Brazil | N/A | N/A | N/A | 90.6 | 0% |
| China | N/A | 7.6 | 1.0 | 57.6 | 175.3% |
| Egypt | N/A | N/A | N/A | 32.7 | 0% |
| United Kingdom | 282 | 14.6 | N/A | 28.2 | -53.6% |
| United States | N/A | N/A | N/A | 6.5 | 0% |
| Others | 7.3 | 8.5 | 8.8 | 0.8 | -52.1% |
| Total | 559 | 455 | 478 | 453 | -6.8% |
Top Suppliers of Vegetables; Potatoes (Other than Seed), Fresh or Chilled to Nigeria in 2022:
- Netherlands (439.2 tons)
- China (114.9 tons)
- Brazil (79.3 tons)
- Egypt (29.7 tons)
- United Kingdom (29.3 tons)
- United States (13.6 tons)
Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Nigeria
In 2022, shipments abroad of vegetables; potatoes (other than seed), fresh or chilleds decreased by -27.6% to 2K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 70% against the previous year. As a result, the exports attained the peak of 2.8K tons, and then contracted rapidly in the following year.
In value terms, exports of vegetables; potatoes (other than seed), fresh or chilleds fell sharply to $291K in 2022. Over the period under review, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 91% against the previous year. As a result, the exports reached the peak of $460K, and then reduced notably in the following year.
| Export of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 198 | 235 | 460 | 291 | 13.7% |
| Others | 0.6 | 5.4 | 0.1 | 0.6 | 0.0% |
| Total | 199 | 241 | 460 | 291 | 13.5% |
Top Export Markets for Vegetables; Potatoes (Other than Seed), Fresh or Chilled from Nigeria in 2022:
- Niger (1997.2 tons)
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