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Nigeria - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Beef Market Overview 2021

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Beef Market Size in Nigeria

In 2020, the Nigerien beef market increased by X% to $X, rising for the second year in a row after five years of decline. Overall, consumption recorded a slight downturn. Beef consumption peaked at $X in 2011; however, from 2012 to 2020, consumption failed to regain the momentum.

Beef Production in Nigeria

In value terms, beef production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production showed a pronounced shrinkage. Beef production peaked at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

The average yield of beef (cattle meat) in Nigeria stood at X kg per head in 2020, remaining constant against 2019 figures. Over the period under review, the yield recorded a relatively flat trend pattern.

In 2020, the number of animals slaughtered for beef production in Nigeria totaled X head, remaining stable against the year before. Over the period under review, the number of producing animals showed a relatively flat trend pattern.

Beef Exports

Exports from Nigeria

In 2020, approx. X tonnes of beef (cattle meat) were exported from Nigeria; increasing by X% against the year before. In general, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, beef exports skyrocketed to $X in 2020. Overall, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Viet Nam (X tonnes) was the main destination for beef exports from Nigeria, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Viet Nam totaled +X%.

In value terms, Viet Nam ($X) also remains the key foreign market for beef exports from Nigeria.

From 2007 to 2020, the average annual rate of growth in terms of value to Viet Nam amounted to +X%.

Export Prices by Country

The average beef export price stood at $X per tonne in 2020, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. The export price peaked at $X per tonne in 2015; however, from 2016 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Viet Nam.

From 2007 to 2020, the rate of growth in terms of prices for Viet Nam amounted to -X% per year.

Beef Imports

Imports into Nigeria

In 2020, the amount of beef (cattle meat) imported into Nigeria dropped notably to X tonnes, falling by -X% on 2019 figures. In general, imports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

In value terms, beef imports fell significantly to $X in 2020. Over the period under review, imports recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. From 2013 to 2020, the growth imports remained at a lower figure.

Imports by Country

Niger (X tonnes), the U.S. (X tonnes) and South Africa (X tonnes) were the main suppliers of beef imports to Nigeria, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in Niger (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest beef suppliers to Nigeria were the U.S. ($X), South Africa ($X) and Italy ($X), with a combined X% share of total imports. These countries were followed by the Netherlands, Brazil, Germany and Niger, which together accounted for a further X the main suppliers, Niger recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average beef import price stood at $X per tonne in 2020, which is down by -X% against the previous year. In general, the import price showed a noticeable setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2015 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the price for Niger ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beef (cattle meat) in the world?
+
The countries with the highest volumes of beef consumption in 2020 were the U.S. (13M tonnes), Brazil (8.9M tonnes) and China (8.6M tonnes), with a combined 41% share of global consumption. Argentina, Pakistan, Russia, Mexico, India, France, Australia, Germany, Canada and Turkey lagged somewhat behind, together accounting for a further 22%.
What are the largest producers of beef (cattle meat) in the world?
+
The countries with the highest volumes of beef production in 2020 were the U.S. (12M tonnes), Brazil (10M tonnes) and China (6.5M tonnes), together accounting for 40% of global production. These countries were followed by Argentina, India, Australia, Pakistan, Mexico, Russia, France, Canada, Turkey and Germany, which together accounted for a further 26%.
What are the leading suppliers of beef (cattle meat) to Nigeria?
+
In value terms, the U.S. ($267K), South Africa ($192K) and Italy ($60K) appeared to be the largest beef suppliers to Nigeria, with a combined 80% share of total imports. These countries were followed by the Netherlands, Brazil, Germany and Niger, which together accounted for a further 18%.
What are the leading importers of beef (cattle meat) from Nigeria?
+
In value terms, Viet Nam ($66K) remains the key foreign market for beef exports from Nigeria.
What is the average export price for beef (cattle meat) in Nigeria?
+
In 2020, the average beef export price amounted to $2,573 per tonne, with an increase of 25% against the previous year.
What is the average import price for beef (cattle meat) in Nigeria?
+
In 2020, the average beef import price amounted to $4,521 per tonne, falling by -18.1% against the previous year.

Product coverage:
• FCL 947 - Buffalo meat
• FCL 867 - Meat of cattle

This report provides an in-depth analysis of the beef 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Producing Animals Slaughtered, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

Webinar: Global Beef Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global beef market.



Thursday, September 16th, 2021 @ 10:00 am ET


Register

Webinar: Global Soybean Market - Statistics, Trends, and Outlook



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Tuesday, September 21st, 2021 @ 10:00 am ET


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