Price for Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in Nigeria - 2022

Contents:

1. Price for Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in Nigeria (CIF) - 2022
2. Imports of Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in Nigeria

Price for Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in Nigeria (CIF) - 2022

The average import price for horses, asses, mules and hinnies; live, other than pure-bred breeding animalses stood at $5,537 per unit in 2022, growing by 78% against the previous year. Overall, the import price saw significant growth. The pace of growth appeared the most rapid in 2014 an increase of 347%. The import price peaked at $8,527 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 the UK ($6,448 per unit), while the price for Niger ($184 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+36.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals in Nigeria

In 2022, the amount of horses, asses, mules and hinnies; live, other than pure-bred breeding animalses imported into Nigeria shrank markedly to 11 units, with a decrease of -69.4% compared with the previous year's figure. In general, imports, however, posted resilient growth. The growth pace was the most rapid in 2021 with an increase of 500% against the previous year. As a result, imports reached the peak of 36 units, and then shrank sharply in the following year.

In value terms, imports of horses, asses, mules and hinnies; live, other than pure-bred breeding animalses fell remarkably to $61K in 2022. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,039% against the previous year. As a result, imports attained the peak of $112K, and then declined notably in the following year.

Top Suppliers of Horses, Asses, Mules and Hinnies; Live, Other than Pure-Bred Breeding Animals to Nigeria in 2022:

1. United Kingdom (9.0 units)
2. Niger (1.0 units)
3. South Africa (1.0 units)

Source: IndexBox Market Intelligence Platform