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Nigeria - Chicken Meat - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Chicken Meat Market Overview 2020

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Chicken Meat Market Size in Nigeria

In 2019, the Nigerien chicken meat market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2018 when the market value increased by X% year-to-year. Chicken meat consumption peaked at $X in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.

Chicken Meat Production in Nigeria

In value terms, chicken meat production rose markedly to $X in 2019 estimated in export prices. Over the period under review, production saw a deep slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% year-to-year. Over the period under review, production reached the peak level at $X in 2008; however, from 2009 to 2019, production stood at a somewhat lower figure.

In 2019, the average yield of chicken meat in Nigeria amounted to X kg per X heads, approximately reflecting 2018. In general, the yield saw a relatively flat trend pattern. Over the period under review, the average chicken meat yield attained the maximum level at X kg per X heads in 2007; afterwards, it flattened through to 2019.

In 2019, the number of animals slaughtered for chicken meat production in Nigeria dropped slightly to X heads, waning by -X% compared with 2018. In general, the number of producing animals continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Over the period under review, this number reached the maximum level at X heads in 2009; however, from 2010 to 2019, producing animals remained at a lower figure.

Chicken Meat Exports

Exports from Nigeria

In 2019, exports of chicken meat from Nigeria amounted to X kg, leveling off at the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. As a result, exports attained the peak of X kg. From 2009 to 2019, the growth exports remained at a lower figure.

In value terms, chicken meat exports skyrocketed to $X in 2019. In general, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2008; however, from 2009 to 2019, exports remained at a lower figure.

Chicken Meat Imports

Imports into Nigeria

In 2019, chicken meat imports into Nigeria skyrocketed to X tonnes, growing by X% compared with the year before. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. Imports peaked in 2019 and are expected to retain growth in the near future.

In value terms, chicken meat imports skyrocketed to $X in 2019. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2019 and are likely to continue growth in years to come.

Imports by Country

In 2019, Benin (X tonnes) constituted the largest chicken meat supplier to Nigeria, accounting for a X% share of total imports. Moreover, chicken meat imports from Benin exceeded the figures recorded by the second-largest supplier, Brazil (X tonnes), eightfold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Benin totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and the U.S. (+X% per year).

In value terms, Benin ($X) constituted the largest supplier of chicken meat to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Benin stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

The average chicken meat import price stood at $X per tonne in 2019, leveling off at the previous year. Over the period under review, the import price continues to indicate a perceptible setback. The growth pace was the most rapid in 2012 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2007; however, from 2008 to 2019, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the countries with the highest prices were the U.S. ($X per tonne) and Brazil ($X per tonne), while the price for Benin ($X per tonne) and Greece ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Benin, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chicken meat in the world?
+
The countries with the highest volumes of chicken meat consumption in 2019 were the U.S. (16M tonnes), China (15M tonnes) and Brazil (11M tonnes), together accounting for 36% of global consumption. Russia, Mexico, India, Japan, Indonesia, Iran, South Africa, the UK and Malaysia lagged somewhat behind, together comprising a further 23%.
What are the largest producers of chicken meat in the world?
+
The countries with the highest volumes of chicken meat production in 2019 were the U.S. (20M tonnes), Brazil (16M tonnes) and China (14M tonnes), with a combined 42% share of global production. These countries were followed by Russia, India, Mexico, Indonesia, Japan, Turkey, Iran, Argentina and Myanmar, which together accounted for a further 22%.
What are the leading suppliers of chicken meat to Nigeria?
+
In value terms, Benin ($19M) constituted the largest supplier of chicken meat to Nigeria, comprising 71% of total imports. The second position in the ranking was occupied by Brazil ($3.1M), with a 12% share of total imports. It was followed by the U.S., with a 7.6% share.
What is the average import price for chicken meat in Nigeria?
+
The average chicken meat import price stood at $1,460 per tonne in 2019, therefore, remained relatively stable against the previous year.

Product coverage:
• FCL 1058 - Chicken meat
• FCL 1059 - Offals and liver of chickens

This report provides an in-depth analysis of the chicken 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 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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Producing Animals Slaughtered, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

Webinar: Global Animal Feed Market - Global Outlook & Insights



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



Wednesday, January 13th, 2021 @ 10:00 am ET


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