Price for Frozen Boneless Cuts of Bovine Meat in Nigeria - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Nigeria (CIF) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Nigeria (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Nigeria
- Exports of Frozen Boneless Cuts of Bovine Meat in Nigeria
Price for Frozen Boneless Cuts of Bovine Meat in Nigeria (CIF) - 2022
The average import price for frozen boneless cuts of bovine meat stood at $10,388 per ton in 2022, picking up by 58% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 frozen boneless cuts of bovine meat increased by +81.6% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($11,109 per ton), while the price for South Africa totaled $8,745 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Boneless Cuts of Bovine Meat in Nigeria (FOB) - 2022
The average export price for frozen boneless cuts of bovine meat stood at $749 per ton in 2022, remaining stable against the previous year. Overall, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2017 an increase of 3.4% against the previous year. As a result, the export price attained the peak level of $4,138 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +14.8% per year.
Imports of Frozen Boneless Cuts of Bovine Meat in Nigeria
In 2022, approx. 10 tons of frozen boneless cuts of bovine meat were imported into Nigeria; shrinking by -92.4% on the previous year's figure. Overall, imports continue to indicate a precipitous decline. The pace of growth appeared the most rapid in 2021 with an increase of 42%. As a result, imports attained the peak of 132 tons, and then declined remarkably in the following year.
In value terms, imports of frozen boneless cuts of bovine meat dropped sharply to $105K in 2022. In general, imports saw a precipitous descent. The growth pace was the most rapid in 2021 with an increase of 63%.
| Import of Frozen Boneless Cuts of Bovine Meat in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.7 | 3.1 | 9.8 | 78.0 | 258.0% |
| South Africa | 537 | 191 | 55.5 | 26.9 | -63.1% |
| Egypt | N/A | N/A | 25.9 | N/A | 0% |
| Italy | 50.1 | 63.4 | 130 | N/A | 61.1% |
| Netherlands | 87.1 | 68.1 | 182 | N/A | 44.6% |
| Brazil | 79.1 | 68.6 | 121 | N/A | 23.7% |
| Others | 157 | 140 | 348 | N/A | 48.9% |
| Total | 912 | 534 | 872 | 105 | -51.4% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Nigeria in 2022:
- Germany (7.0 tons)
- South Africa (3.1 tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Nigeria
After two years of decline, overseas shipments of frozen boneless cuts of bovine meat decreased by -50% to 22 tons in 2022. Over the period under review, exports showed a dramatic decrease.
In value terms, exports of frozen boneless cuts of bovine meat shrank dramatically to $17K in 2022. Overall, exports continue to indicate a abrupt decline.
| Export of Frozen Boneless Cuts of Bovine Meat in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 0.1 | N/A | 0.1 | 16.7 | 450.7% |
| Hong Kong SAR | N/A | N/A | 32.1 | N/A | 0% |
| Vietnam | 14.3 | N/A | N/A | N/A | 0% |
| Myanmar | 14.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 1.1 | N/A | 0% |
| Total | 28.8 | N/A | 33.3 | 16.7 | -16.6% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Nigeria in 2022:
- South Africa (22.3 tons)
1846
This report provides an in-depth analysis of the beef market in Nigeria.
642
This report provides an in-depth analysis of the beef market in Nigeria.
4314
This report provides an in-depth analysis of the global beef market.
984
Global Beef Market Report 2019. This report provides an in-depth analysis of the global beef market.
351
This report provides an in-depth analysis of the frozen beef carcase market in Nigeria.
534
Global Frozen Beef Carcase Market Report 2018. This report provides an in-depth analysis of the global frozen beef carcase market.
557
Explore the top import markets for beef, including China, the United States, South Korea, and more. Discover key statistics and figures from the IndexBox market intelligence platform.
779
The global beef market stood at $379.4B in 2021, approximately mirroring the previous year. This figure reflects the...
1833
The global beef market revenue amounted to $385.7B in 2018, growing by 5.1% against the previous year. This figure...
1333
Global beef market remained relatively stable, rising from X tons in 2007, to X tons in 2016.
3975
Global beef consumption amounted to X thousand tons in 2015, standing approx. at the previous year level.
1739
Global beef exports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
2000
Global beef imports amounted to X thousand tons in 2015, standing approx. at the previous year level.
1094
In 2015, the countries with the highest levels of production in 2015 were the United States (X thousand tons), Brazil (X thousand tons), China (X thousand tons), together accounting for X% of total output.
1270
France dominates in the global beef trade. In 2014, France exported X thousand tons of beef totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total beef exports in value terms
