Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Nigeria - 2022
Contents:
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Nigeria (CIF) - 2022
- Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Nigeria (FOB) - 2022
- Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Nigeria
- Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Nigeria
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Nigeria (CIF) - 2022
In 2022, the average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $902 per ton, increasing by 3.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 37% against the previous year. The import price peaked at $1,062 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +2.4% per year.
Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Nigeria (FOB) - 2022
The average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $661 per ton in 2022, reducing by -4.2% against the previous year. Overall, the export price, however, saw mild growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 600% against the previous year. As a result, the export price attained the peak level of $2,481 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,796 per ton), while the average price for exports to South Africa ($180 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 Niger (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Nigeria
After three years of growth, purchases abroad of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid decreased by -60% to 4.7K tons in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 3,746%.
In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid shrank dramatically to $4.2M in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 5,161% against the previous year.
| Import of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | 0.1 | 0.3 | 4.2 | 548.1% |
| Spain | N/A | 0.4 | 0.4 | N/A | 0.0% |
| China | 0.1 | 6.6 | 8.1 | N/A | 800.0% |
| Italy | N/A | 2.0 | 1.4 | N/A | -30.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 0.2 | 9.0 | 10.2 | 4.2 | 175.9% |
Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Nigeria in 2022:
- United Arab Emirates (4.7K tons)
Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Nigeria
Exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid from Nigeria declined significantly to 157 tons in 2022, waning by -17.9% against the previous year. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 65% against the previous year. As a result, the exports attained the peak of 191 tons, and then shrank rapidly in the following year.
In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid fell markedly to $104K in 2022. Overall, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by 74% against the previous year. As a result, the exports reached the peak of $132K, and then dropped notably in the following year.
| Export of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | 18.3 | 12.2 | 79.8 | 51.5 | 41.2% |
| Canada | 20.7 | 27.9 | 22.4 | 24.2 | 5.3% |
| Burundi | N/A | N/A | N/A | 9.5 | 0% |
| United States | N/A | 2.4 | N/A | 6.5 | 64.6% |
| Benin | 4.1 | 24.8 | 3.2 | 6.0 | 13.5% |
| United Kingdom | N/A | N/A | 10.8 | 2.2 | -79.6% |
| United Arab Emirates | 1.0 | 1.7 | 4.3 | 1.7 | 19.3% |
| South Africa | 8.2 | 5.8 | 6.5 | 0.6 | -58.2% |
| Togo | 13.8 | N/A | N/A | N/A | 0% |
| Others | 1.8 | 0.9 | 4.9 | 1.8 | 0.0% |
| Total | 67.9 | 75.8 | 132 | 104 | 15.3% |
Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Nigeria in 2022:
- Niger (103.4 tons)
- Canada (17.6 tons)
- Benin (13.7 tons)
- Burundi (10.5 tons)
- United States (3.6 tons)
- South Africa (3.1 tons)
- United Arab Emirates (2.9 tons)
- United Kingdom (1.5 tons)
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This report provides an in-depth analysis of the preserved tomato market in Nigeria.
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The U.S. continued its dominance in the global trade of tomato ketchup and paste. In 2014, the U.S. exported X thousand tons of tomato ketchup and paste totaling X million USD, X% over the previous year. Its primary trading partner was Canada, w
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