Price for Vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumption in Nigeria - 2022
Contents:
- Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Nigeria (CIF) - 2022
- Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Nigeria
Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Nigeria (CIF) - 2022
In 2022, the average import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia amounted to $308 per ton, reducing by -94.3% against the previous year. Over the period under review, the import price faced a abrupt decline. The pace of growth appeared the most rapid in 2021 an increase of 163%. As a result, import price reached the peak level of $5,408 per ton, and then reduced notably in the following year.
As there is only one major supplying country, the average price level is determined by prices for Lebanon.
From 2013 to 2022, the rate of growth in terms of prices for China amounted to -5.1% per year.
Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Nigeria
Imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia into Nigeria surged to 35 tons in 2022, growing by 50% compared with the previous year. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 7,172% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia fell markedly to $11K in 2022. Over the period under review, imports, however, showed a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of 19,058% against the previous year. As a result, imports reached the peak of $127K, and then contracted markedly in the following year.
| Import of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lebanon | N/A | N/A | 7.0 | 10.9 | 55.7% |
| Niger | N/A | N/A | 120 | N/A | 0% |
| China | 12.1 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.7 | 0.3 | N/A | -57.1% |
| Total | 12.1 | 0.7 | 127 | 10.9 | -3.4% |
Top Suppliers of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption to Nigeria in 2022:
- Lebanon (35.3 tons)
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