Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Nigeria - 2022
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Nigeria (CIF) - 2022
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Nigeria
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Nigeria (CIF) - 2022
In 2022, the average import price for meat of sheep or goats; fresh, chilled or frozen amounted to $11,154 per ton, picking up by 23% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for meat of sheep or goats; fresh, chilled or frozen increased by +75.3% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 42% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for Lebanon amounted to +13.7% per year.
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Nigeria
In 2022, the amount of meat of sheep or goats; fresh, chilled or frozen imported into Nigeria fell dramatically to 630 kg, reducing by -99.2% against 2021. Overall, imports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 172%. As a result, imports reached the peak of 80 tons, and then contracted sharply in the following year.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen fell markedly to $7K in 2022. In general, imports saw a precipitous shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 288% against the previous year. As a result, imports reached the peak of $728K, and then contracted notably in the following year.
| Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 38.3 | 13.7 | 9.1 | 7.0 | -43.2% |
| United Kingdom | 3.3 | 4.4 | 4.5 | N/A | 16.8% |
| South Africa | 262 | 136 | 639 | N/A | 56.2% |
| Italy | 13.5 | 7.1 | 27.2 | N/A | 41.9% |
| United States | 6.7 | N/A | 1.9 | N/A | -46.7% |
| Others | 70.1 | 26.9 | 46.3 | N/A | -18.7% |
| Total | 394 | 188 | 728 | 7.0 | -73.9% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to Nigeria in 2022:
- Netherlands (630.0 kg)
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