Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Nigeria - 2022
Contents:
- Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Nigeria (CIF) - 2022
- Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Nigeria (FOB) - 2022
- Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Nigeria
- Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Nigeria
Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Nigeria (CIF) - 2022
The average import price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $1,189 per ton in 2022, with an increase of 42% against the previous year. Overall, import price indicated a modest expansion 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 flour and meal; of the dried leguminous vegetables of heading no. 0713 increased by +69.0% against 2020 indices. The import price peaked at $1,485 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 the UK ($2,883 per ton), while the price for China ($641 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Nigeria (FOB) - 2022
The average export price for flour and meal; of the dried leguminous vegetables of heading no. 0713 stood at $916 per ton in 2022, with an increase of 123% against the previous year. Over the period under review, the export price, however, saw a mild setback. Over the period under review, the average export prices reached the peak figure at $1,401 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($13,085 per ton), while the average price for exports to the United States ($233 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+8.5%), while the prices for the other major destinations experienced a decline.
Imports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Nigeria
In 2022, the amount of flour and meal; of the dried leguminous vegetables of heading no. 0713 imported into Nigeria soared to 2.4K tons, growing by 265% compared with 2021 figures. 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 flour and meal; of the dried leguminous vegetables of heading no. 0713 skyrocketed to $2.9M in 2022. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | N/A | N/A | 242 | 1,940 | 701.7% |
China | N/A | N/A | 33.9 | 637 | 1779.1% |
United States | 594 | 1,034 | 276 | 256 | -24.5% |
Others | 0.1 | N/A | 9.6 | 71.5 | 794.2% |
Total | 594 | 1,034 | 562 | 2,904 | 69.7% |
Top Suppliers of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 to Nigeria in 2022:
- India (1066.0 tons)
- China (993.5 tons)
- United States (350.1 tons)
Exports of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Nigeria
For the fourth year in a row, Nigeria recorded growth in shipments abroad of flour and meal; of the dried leguminous vegetables of heading no. 0713, which increased by 420% to 637 tons in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of flour and meal; of the dried leguminous vegetables of heading no. 0713 surged to $584K in 2022. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | N/A | N/A | N/A | 327 | 0% |
United States | 10.9 | N/A | 22.7 | 107 | 114.1% |
Russia | N/A | N/A | N/A | 68.3 | 0% |
United Kingdom | N/A | 52.4 | 15.6 | 46.3 | -6.0% |
Canada | 8.5 | N/A | N/A | 26.2 | 45.5% |
Ireland | N/A | N/A | 8.3 | 5.8 | -30.1% |
Ghana | N/A | N/A | N/A | 3.3 | 0% |
China | N/A | N/A | 1.6 | N/A | 0% |
Others | 0.1 | 8.5 | 2.0 | N/A | 347.2% |
Total | 19.5 | 60.9 | 50.3 | 584 | 210.5% |
Top Export Markets for Flour and Meal; of the Dried Leguminous Vegetables of Heading No. 0713 from Nigeria in 2022:
- United States (458.1 tons)
- Russia (48.5 tons)
- United Kingdom (42.5 tons)
- Canada (30.2 tons)
- Malaysia (25.0 tons)
- Ireland (20.5 tons)
- Ghana (12.5 tons)
This report provides an in-depth analysis of the flour and meal market in Nigeria.
This report provides an in-depth analysis of the fruit flour market in Nigeria.
Global Flour And Meal Market Report 2018. This report provides an in-depth analysis of the global flour and meal market.
This report provides an in-depth analysis of the global fruit flour market.
This report provides an in-depth analysis of the global fruit flour market.
This report provides an in-depth analysis of the flour and meal market in Nigeria.
This report provides an in-depth analysis of the fruit flour market in Nigeria.
Global Flour And Meal Market Report 2018. This report provides an in-depth analysis of the global flour and meal market.
This report provides an in-depth analysis of the global fruit flour market.
This report provides an in-depth analysis of the global fruit flour market.
In value terms, flour and malt extracts imports stood at $X in 2016. In general, flour and malt extracts imports continue to indicate a strong expansion. Global flour and malt extracts import peaked...
In value terms, flour and malt extracts exports amounted to $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>
In value terms, flour and malt extracts imports stood at $X in 2016. In general, flour and malt extracts imports continue to indicate a strong expansion. Global flour and malt extracts import peaked...
In value terms, flour and malt extracts exports amounted to $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>