Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Nigeria - 2022
Contents:
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Nigeria (CIF) - 2022
- Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Nigeria
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Nigeria (CIF) - 2022
The average import price for vegetables (uncooked or cooked by steaming or boiling in water); frozen stood at $1,018 per ton in 2022, increasing by 50% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $1,250 per ton in 2018; however, from 2019 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 New Zealand ($2,602 per ton), while the price for Lebanon ($648 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Nigeria
In 2022, the amount of vegetables (uncooked or cooked by steaming or boiling in water); frozen imported into Nigeria surged to 6.4K tons, increasing by 17% compared with 2021 figures. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 56%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen skyrocketed to $6.5M in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 61.3 | 719 | 634 | 2,699 | 253.1% |
| India | N/A | 12.6 | 254 | 1,108 | 837.7% |
| Belgium | 85.2 | 949 | 720 | 1,071 | 132.5% |
| China | 219 | 66.9 | 977 | 499 | 31.6% |
| New Zealand | 190 | 459 | 264 | 349 | 22.5% |
| United Kingdom | 99.2 | 158 | 355 | 285 | 42.2% |
| Lebanon | 53.2 | 1.8 | 349 | 139 | 37.7% |
| Netherlands | 558 | 64.6 | 21.7 | 7.0 | -76.8% |
| Turkey | 468 | N/A | N/A | N/A | 0% |
| Others | 216 | 458 | 125 | 348 | 17.2% |
| Total | 1,949 | 2,889 | 3,701 | 6,506 | 49.5% |
Top Suppliers of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen to Nigeria in 2022:
- Thailand (2969.6 tons)
- Belgium (989.8 tons)
- India (822.2 tons)
- China (672.3 tons)
- United Kingdom (344.0 tons)
- Lebanon (215.3 tons)
- New Zealand (134.3 tons)
- Netherlands (8.8 tons)
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