Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Nigeria - 2022
Contents:
- Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Nigeria (CIF) - 2022
- Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Nigeria
Price for Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Nigeria (CIF) - 2022
In 2022, the average import price for fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $6,906 per ton, standing approx. at the previous year. Overall, the import price, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2015 an increase of 121% against the previous year. The import price peaked at $10,290 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +6.8% per year.
Imports of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Nigeria
In 2022, supplies from abroad of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat decreased by -72.9% to 1.6 tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 558%. As a result, imports reached the peak of 18 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fresh or chilled bone-in cuts (excluding carcasses and half-carcasses) of bovine meat dropped notably to $11K in 2022. Overall, imports recorded a dramatic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 195%. As a result, imports reached the peak of $67K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 13.4 | 23.0 | 40.5 | 11.2 | -5.8% |
| France | N/A | 6.9 | 0.1 | N/A | -98.6% |
| United States | N/A | 30.0 | N/A | N/A | 0% |
| Others | 9.2 | 6.9 | 0.1 | N/A | -89.6% |
| Total | 22.6 | 66.7 | 40.7 | 11.2 | -20.9% |
Top Suppliers of Fresh or Chilled Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Nigeria in 2022:
- South Africa (1.6 tons)
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