Nigeria: Meat And Poultry Market 2024

Meat And Poultry Market Size in Nigeria

The Nigerien meat and poultry market rose to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Meat and poultry consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Meat And Poultry Production in Nigeria

In value terms, meat and poultry production rose remarkably to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Meat and poultry production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

In 2022, the average meat and poultry yield in Nigeria amounted to X kg per head, remaining stable against the year before. Overall, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the yield attained the peak level of X kg per head. From 2014 to 2022, the growth of the average meat and poultry yield failed to regain momentum.

In 2022, the number of animals slaughtered for meat and poultry production in Nigeria dropped to X heads, flattening at the year before. In general, the number of producing animals, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for meat and poultry production peaked at X heads in 2018; however, from 2019 to 2022, producing animals stood at a somewhat lower figure.

Meat And Poultry Exports

Exports from Nigeria

Meat and poultry exports from Nigeria fell significantly to X tons in 2022, which is down by X% against the year before. In general, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, meat and poultry exports declined markedly to $X in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X tons) was the main destination for meat and poultry exports from Nigeria, accounting for a X% share of total exports. Moreover, meat and poultry exports to South Africa exceeded the volume sent to the second major destination, Ireland (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Africa stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and the United Arab Emirates (X% per year).

In value terms, South Africa ($X) emerged as the key foreign market for meat and poultry exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by Ireland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to South Africa totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average meat and poultry export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price posted notable growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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 Arab Emirates ($X per ton), while the average price for exports to South Africa ($X 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 Bahamas (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat And Poultry Imports

Imports into Nigeria

In 2022, meat and poultry imports into Nigeria contracted markedly to X tons, reducing by X% compared with the previous year. Over the period under review, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, meat and poultry imports dropped significantly to $X in 2022. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Benin (X tons) was the main meat and poultry supplier to Nigeria, accounting for a X% share of total imports. Moreover, meat and poultry imports from Benin exceeded the figures recorded by the second-largest supplier, South Africa (X tons), sevenfold. Italy (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Benin totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Italy (X% per year).

In value terms, Benin ($X) constituted the largest supplier of meat and poultry to Nigeria, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Benin stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average meat and poultry import price amounted to $X per ton, waning by X% against the previous year. In general, the import price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Italy ($X per ton), while the price for Niger ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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