Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Nigeria - 2022
Contents:
- Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Nigeria (CIF) - 2022
- Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Nigeria
Price for Fresh or Chilled Boneless Cuts of Bovine Meat in Nigeria (CIF) - 2022
The average import price for fresh or chilled boneless cuts of bovine meat stood at $33,629 per ton in 2022, with an increase of 199% against the previous year. Over the period under review, the import price continues to indicate a buoyant increase. As a result, import price reached 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 +12.7% per year.
Imports of Fresh or Chilled Boneless Cuts of Bovine Meat in Nigeria
In 2022, approx. 62 kg of fresh or chilled boneless cuts of bovine meat were imported into Nigeria; with a decrease of -99.3% compared with 2021. Overall, imports saw a sharp decrease. The growth pace was the most rapid in 2021 when imports increased by 46% against the previous year.
In value terms, imports of fresh or chilled boneless cuts of bovine meat contracted remarkably to $2.1K in 2022. Over the period under review, imports showed a sharp curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 95% against the previous year.
| Import of Fresh or Chilled Boneless Cuts of Bovine Meat in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 2.1 | 0% |
| France | 0.5 | 7.0 | 28.4 | N/A | 653.7% |
| South Africa | 79.7 | 30.6 | 23.3 | N/A | -45.9% |
| Netherlands | 15.8 | 0.6 | N/A | N/A | -96.2% |
| Others | 18.6 | 10.7 | 43.4 | N/A | 52.8% |
| Total | 115 | 48.9 | 95.1 | 2.1 | -73.7% |
Top Suppliers of Fresh or Chilled Boneless Cuts of Bovine Meat to Nigeria in 2022:
- United States (62.0 kg)
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