Nigeria - Flours, Meals And Pellets Of Meat Or Meat Offal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Meat Meals and Pellets in Nigeria - 2022
Contents:
- Price for Meat Meals and Pellets in Nigeria (CIF) - 2022
- Price for Meat Meals and Pellets in Nigeria (FOB) - 2022
- Imports of Meat Meals and Pellets in Nigeria
- Exports of Meat Meals and Pellets in Nigeria
Price for Meat Meals and Pellets in Nigeria (CIF) - 2022
In 2022, the average meat meals and pellets import price amounted to $756 per ton, increasing by 8.7% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the maximum at $1,008 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($1,811 per ton), while the price for the Netherlands ($612 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat Meals and Pellets in Nigeria (FOB) - 2022
In 2022, the average meat meals and pellets export price amounted to $648 per ton, declining by -4.3% against the previous year. In general, the export price continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2021 an increase of 6.5%. Over the period under review, the average export prices hit record highs at $987 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Rwanda.
From 2013 to 2022, the rate of growth in terms of prices for the UK amounted to +52.9% per year.
Imports of Meat Meals and Pellets in Nigeria
In 2022, purchases abroad of flours, meals and pellets of meat or meat offal decreased by -61.7% to 7.8K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 319%.
In value terms, meat meals and pellets imports reduced rapidly to $5.9M in 2022. Overall, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 192%.
| Import of Meat Meals and Pellets in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 343 | 360 | 479 | 777 | 31.3% |
| United Kingdom | 251 | 527 | 535 | 766 | 45.1% |
| Denmark | 518 | 1,429 | 896 | 562 | 2.8% |
| Belgium | 20.0 | 119 | 521 | 327 | 153.8% |
| Hungary | N/A | N/A | 202 | 313 | 55.0% |
| Czech Republic | 226 | 460 | 358 | 309 | 11.0% |
| France | 6.6 | 202 | 464 | 297 | 255.7% |
| Brazil | 415 | 317 | 79.2 | 140 | -30.4% |
| Poland | 51.1 | 313 | 372 | 129 | 36.2% |
| Tunisia | 80.7 | 78.4 | 29.8 | 32.8 | -25.9% |
| Lithuania | N/A | 1,925 | 3,463 | N/A | 79.9% |
| Greece | N/A | N/A | 861 | N/A | 0% |
| Others | 175 | 352 | 5,873 | 2,229 | 133.5% |
| Total | 2,085 | 6,082 | 14,134 | 5,881 | 41.3% |
Top Suppliers of Meat Meals and Pellets to Nigeria in 2022:
- Netherlands (1269.4 tons)
- United Kingdom (875.3 tons)
- France (425.5 tons)
- Czech Republic (417.4 tons)
- Hungary (405.6 tons)
- Denmark (310.1 tons)
- Belgium (255.1 tons)
- Brazil (203.1 tons)
- Poland (190.9 tons)
- Tunisia (80.3 tons)
Exports of Meat Meals and Pellets in Nigeria
In 2022, approx. 17 tons of flours, meals and pellets of meat or meat offal were exported from Nigeria; jumping by 70% on 2021 figures. In general, exports, however, faced a abrupt descent.
In value terms, meat meals and pellets exports surged to $11K in 2022. Overall, exports, however, faced a deep slump.
| Export of Meat Meals and Pellets in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Rwanda | N/A | N/A | 11.2 | 0% | |
| Niger | N/A | 0.6 | N/A | 0% | |
| United Kingdom | N/A | 6.2 | N/A | 0% | |
| France | 15.5 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 15.5 | 6.9 | 11.2 | -15.0% | |
Top Export Markets for Meat Meals and Pellets from Nigeria in 2022:
- Rwanda (17.2 tons)
This report provides an in-depth analysis of the market for meat meals and pellets 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 10131600 - Flours, meals and pellets of meat or meat offal unfit for human consumption, greaves
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.
-
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
-
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
-
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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