Price for Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in Nigeria - 2022
Contents:
- Price for Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in Nigeria (FOB) - 2022
- Price for Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in Nigeria (CIF) - 2022
- Exports of Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in Nigeria
- Imports of Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in Nigeria
Price for Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in Nigeria (FOB) - 2022
In 2022, the average export price for nuts, edible; brazil nuts, shelled, fresh or drieds amounted to $1,225 per ton, surging by 172% against the previous year. Overall, the export price showed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($1,231 per ton), while the average price for exports to India ($1,214 per ton) was amongst the lowest.
From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+181.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in Nigeria (CIF) - 2022
The average import price for nuts, edible; brazil nuts, shelled, fresh or drieds stood at $44,000 per ton in 2022, surging by 230% against the previous year. Over the period under review, the import price recorded a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +36.7% per year.
Exports of Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in Nigeria
Exports of nuts, edible; brazil nuts, shelled, fresh or drieds from Nigeria skyrocketed to 1.9K tons in 2022, with an increase of 49% on the previous year's figure. In general, exports recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 242%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of nuts, edible; brazil nuts, shelled, fresh or drieds skyrocketed to $2.3M in 2022. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 382% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.4 | 2.2 | 7.2 | 1,883 | 1576.0% |
| Vietnam | 0.7 | 11.5 | 31.7 | 255 | 614.2% |
| United Arab Emirates | N/A | N/A | N/A | 97.6 | 0% |
| Singapore | 33.7 | 160 | 284 | N/A | 190.3% |
| Turkey | 27.6 | 128 | 221 | N/A | 183.0% |
| Others | 2.6 | 10.6 | 16.1 | 37.7 | 143.8% |
| Total | 64.8 | 313 | 560 | 2,273 | 227.3% |
Top Export Markets for Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried from Nigeria in 2022:
- India (1550.9 tons)
- Vietnam (206.9 tons)
- United Arab Emirates (79.8 tons)
Imports of Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in Nigeria
Imports of nuts, edible; brazil nuts, shelled, fresh or drieds into Nigeria declined significantly to 1 kg in 2022, reducing by 99.9% on 2021. Overall, imports faced a sharp decline.
In value terms, imports of nuts, edible; brazil nuts, shelled, fresh or drieds contracted sharply to $44 in 2022. In general, imports saw a dramatic curtailment.
| Import of Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Pakistan | 47.7 | N/A | 0% | ||
| United States | N/A | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 47.7 | N/A | 0% | ||
Top Suppliers of Nuts, Edible; Brazil Nuts, Shelled, Fresh or Dried to Nigeria in 2022:
- United States (1.0 kg)
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