Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Nigeria - 2022
Contents:
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Nigeria (CIF) - 2022
- Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Nigeria
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Nigeria (CIF) - 2022
The average import price for mollusc preparations; cuttle fish and squid, prepared or preserveds stood at $7,408 per ton in 2022, picking up by 3.9% against the previous year. In general, the import price saw a moderate expansion. The pace of growth was the most pronounced in 2018 an increase of 117%. The import price peaked at $13,115 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($10,385 per ton), while the price for South Africa ($3,631 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+22.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Nigeria
For the fourth year in a row, Nigeria recorded growth in supplies from abroad of mollusc preparations; cuttle fish and squid, prepared or preserveds, which increased by 339% to 8 tons in 2022. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds soared to $59K in 2022. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 3.3 | 3.6 | 9.4 | 46.0 | 140.7% |
| Singapore | N/A | N/A | N/A | 9.8 | 0% |
| South Africa | 0.4 | 0.5 | 1.5 | 1.9 | 68.1% |
| Germany | N/A | N/A | N/A | 1.6 | 0% |
| Spain | 0.2 | 0.2 | 0.3 | 0.1 | -20.6% |
| South Korea | N/A | 2.0 | 1.3 | N/A | -35.0% |
| Others | N/A | 0.2 | 0.5 | N/A | 150.0% |
| Total | 3.9 | 6.5 | 13.1 | 59.5 | 148.0% |
Top Suppliers of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved to Nigeria in 2022:
- Vietnam (6.1 tons)
- Singapore (1.2 tons)
- South Africa (0.5 tons)
- Germany (0.2 tons)
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