Nigeria - Turkey Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey Meat Price in Nigeria - 2022
Contents:
- Turkey Meat Price in Nigeria (CIF) - 2022
- Turkey Meat Price in Nigeria (FOB) - 2022
- Turkey Meat Imports in Nigeria
- Turkey Meat Exports in Nigeria
Turkey Meat Price in Nigeria (CIF) - 2022
The average turkey meat import price stood at $7,652 per ton in 2022, stabilizing at the previous year. Overall, the import price, however, saw strong growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 262% against the previous year. Over the period under review, average import prices hit record highs at $8,451 per ton in 2019; however, from 2020 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 the Netherlands ($11,143 per ton), while the price for the United States ($5,292 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+18.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Turkey Meat Price in Nigeria (FOB) - 2022
The average turkey meat export price stood at $2,258 per ton in 2022, declining by -9.1% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, turkey meat export price increased by +12.0% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 24%. As a result, the export price reached the peak level of $2,484 per ton, and then fell in the following year.
As there is only one major export destination, the average price level is determined by prices for Ireland.
From 2012 to 2022, the rate of growth in terms of prices for Ireland amounted to +4.9% per year.
Turkey Meat Imports in Nigeria
In 2022, the amount of turkey meat imported into Nigeria reduced dramatically to 3.5 tons, with a decrease of -20.8% on the year before. Over the period under review, imports saw a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, imports reached the peak of 4.4 tons, and then dropped rapidly in the following year.
In value terms, turkey meat imports reduced markedly to $27K in 2022. In general, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 72%. As a result, imports attained the peak of $34K, and then declined sharply in the following year.
| Import of Turkey Meat in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 18.4 | 13.0 | 16.4 | 14.6 | -7.4% |
| United States | 5.7 | 6.3 | 7.0 | 6.6 | 5.0% |
| Netherlands | N/A | N/A | 3.3 | 1.7 | -48.5% |
| Others | 8.0 | 0.4 | 7.3 | 3.9 | -21.3% |
| Total | 32.1 | 19.7 | 34.0 | 26.9 | -5.7% |
Top Suppliers of Turkey Meat to Nigeria in 2022:
- Italy (1742.0 kg)
- United States (1252.0 kg)
- Netherlands (154.0 kg)
Turkey Meat Exports in Nigeria
In 2022, overseas shipments of turkey meat decreased by -6% to 4.9 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 145%.
In value terms, turkey meat exports contracted to $11K in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 152% against the previous year.
| Export of Turkey Meat in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 3.7 | 9.3 | 13.1 | 11.2 | 44.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.7 | 9.3 | 13.1 | 11.2 | 44.7% |
Top Export Markets for Turkey Meat from Nigeria in 2022:
- Ireland (4.9 tons)
This report provides an in-depth analysis of the turkey meat market 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:
- FCL 1080 - Turkey meat
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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In 2019, the global turkey meat market increased by 3.5% to $12.8B, rising for the second consecutive year after two...
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The global turkey meat market revenue amounted to $544M in 2017, dropping by -11.8% against the previous year. This figure...
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In 2017, the global turkey meat market amounted to X tons, which was approximately the level of 2016.
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Global turkey meat consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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Global turkey meat exports amounted to X thousand tons in 2015, reducing by -X% against the previous year level.
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Global turkey meat imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
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The U.S. continued its dominance in the global turkey meat trade. In 2014, the U.S. exported X thousand tons of turkey meat totaling X million USD, X% over the previous year. Its primary trading partner was Mexico, where it supplied X% of its t
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In 2015, the country with the largest volume of the duck meat output was China (X thousand tons), accounting for X% of global production. The third position in this ranking was occupied by Hungary with a share of X>
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The Netherlands dominates in the global trade of duck, goose and guinea fowl. In 2014, the Netherlands exported X million units of duck, goose and guinea fowl totaling X million USD, X% over the previous year. Its primary trading partner was Germany,
