Nigeria - Dog And Cat Food - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Dog and Cat Food in Nigeria - 2022
Contents:
- Price for Dog and Cat Food in Nigeria (CIF) - 2022
- Price for Dog and Cat Food in Nigeria (FOB) - 2022
- Imports of Dog and Cat Food in Nigeria
- Exports of Dog and Cat Food in Nigeria
Price for Dog and Cat Food in Nigeria (CIF) - 2022
In June 2022, the average dog and cat food import price amounted to $770 per ton, reducing by -34% against the previous month. Overall, import price indicated a modest increase from June 2021 to June 2022: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, dog and cat food import price decreased by -34.0% against May 2022 indices. The most prominent rate of growth was recorded in May 2022 an increase of 41% against the previous month. As a result, import price attained the peak level of $1,166 per ton, and then reduced sharply in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Venezuela ($1,636 per ton), while the price for Austria ($542 per ton) was amongst the lowest.
From June 2021 to June 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Dog and Cat Food in Nigeria (FOB) - 2022
The average dog and cat food export price stood at $550 per ton in 2022, shrinking by -14.9% against the previous year. In general, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2019 an increase of 343% against the previous year. Over the period under review, the average export prices hit record highs at $3,393 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -1.6% per year.
Imports of Dog and Cat Food in Nigeria
In 2022, supplies from abroad of dog and cat food decreased by -8.6% to 5.8K tons, falling for the second year in a row after two years of growth. In general, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 178%. As a result, imports attained the peak of 7.1K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, dog and cat food imports skyrocketed to $5.2M in 2022. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 184%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Dog and Cat Food in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 392 | 2,352 | 797 | 1,882 | 68.7% |
| Israel | 273 | 880 | 341 | 805 | 43.4% |
| Austria | 79.5 | 210 | 258 | 609 | 97.1% |
| Italy | 184 | 285 | 123 | 291 | 16.5% |
| France | 133 | 221 | 114 | 270 | 26.6% |
| Portugal | 30.2 | 181 | 90.7 | 214 | 92.1% |
| China | 137 | 213 | 44.4 | 171 | 7.7% |
| United States | 62.0 | 77.5 | 68.5 | 162 | 37.7% |
| United Kingdom | 50.7 | 213 | 64.2 | 159 | 46.4% |
| Netherlands | 116 | 41.9 | 48.4 | 114 | -0.6% |
| Germany | 74.0 | 78.9 | 18.9 | 72.9 | -0.5% |
| Barbados | 26.0 | 16.7 | 8.0 | 16.3 | -14.4% |
| Others | 221 | 285 | 2,426 | 420 | 23.9% |
| Total | 1,779 | 5,055 | 4,402 | 5,188 | 42.9% |
Top Suppliers of Dog and Cat Food to Nigeria in 2022:
- Greece (1842.5 tons)
- Israel (955.1 tons)
- Austria (939.2 tons)
- Italy (383.4 tons)
- Portugal (240.6 tons)
- China (234.8 tons)
- France (226.7 tons)
- United States (165.8 tons)
- United Kingdom (158.1 tons)
- Barbados (157.6 tons)
- Netherlands (157.3 tons)
- Germany (78.3 tons)
Exports of Dog and Cat Food in Nigeria
Dog and cat food exports from Nigeria soared to 614 kg in 2022, rising by 301% on 2021. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, dog and cat food exports skyrocketed to $338 in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 430% against the previous year. As a result, the exports reached the peak of $578. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Dog and Cat Food in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 8.0 | 92.0 | 20.0 | 338 | 248.3% |
| Cote d'Ivoire | N/A | 384 | N/A | N/A | 0% |
| Belgium | 101 | 26.0 | N/A | N/A | -74.3% |
| Angola | N/A | N/A | 6.0 | N/A | 0% |
| Others | N/A | 76.0 | 73.0 | N/A | -3.9% |
| Total | 109 | 578 | 99.0 | 338 | 45.8% |
Top Export Markets for Dog and Cat Food from Nigeria in 2022:
- South Africa (614.0 kg)
This report provides an in-depth analysis of the market for dog and cat food in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10921030 - Dog or cat food, p.r.s.
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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