Report Update Apr 1, 2024

Nigeria - Fresh or Chilled Carcases of Beef and Veal - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in Nigeria

The Nigerien fresh beef carcase market expanded modestly to $X in 2022, growing by X% against the previous year. Overall, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Fresh Beef Carcase Production in Nigeria

In value terms, fresh beef carcase production expanded slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Fresh Beef Carcase Exports

Exports from Nigeria

In 2021, overseas shipments of fresh or chilled carcases of beef and veal increased by X% to X tons, rising for the sixth consecutive year after three years of decline. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fresh beef carcase exports surged to $X in 2021. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Hong Kong SAR (X tons) was the main destination for fresh beef carcase exports from Nigeria, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR was relatively modest.

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for fresh or chilled carcases of beef and veal exports from Nigeria.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR was relatively modest.

Export Prices by Country

The average fresh beef carcase export price stood at $X per ton in 2021, shrinking by X% against the previous year. Overall, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2020 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Fresh Beef Carcase Imports

Imports into Nigeria

In 2022, supplies from abroad of fresh or chilled carcases of beef and veal decreased by X% to X kg, falling for the second consecutive year after three years of growth. Overall, imports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, fresh beef carcase imports fell rapidly to $X in 2022. In general, imports saw a dramatic slump. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X kg) was the main supplier of fresh beef carcase to Nigeria, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from South Africa amounted to X%.

In value terms, South Africa ($X) constituted the largest supplier of fresh or chilled carcases of beef and veal to Nigeria.

From 2012 to 2022, the average annual growth rate of value from South Africa stood at X%.

Import Prices by Country

In 2022, the average fresh beef carcase import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price recorded a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to X% per year.

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Frequently Asked Questions (FAQ) :

What are the largest markets for fresh or chilled carcases of beef and veal in the world?

China remains the largest fresh beef carcase consuming country worldwide, accounting for 19% of total volume. Moreover, fresh beef carcase consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was taken by the United States, with a 6.4% share.

What are the largest producers of fresh or chilled carcases of beef and veal in the world?

China constituted the country with the largest volume of fresh beef carcase production, accounting for 19% of total volume. Moreover, fresh beef carcase production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 6.4% share.

What are the leading suppliers of fresh or chilled carcases of beef and veal to Nigeria?

In value terms, South Africa constituted the largest supplier of fresh or chilled carcases of beef and veal to Nigeria.

What are the leading importers of fresh or chilled carcases of beef and veal from Nigeria?

In value terms, Hong Kong SAR emerged as the key foreign market for fresh or chilled carcases of beef and veal exports from Nigeria.

What is the average export price for fresh or chilled carcases of beef and veal in Nigeria?

The average fresh beef carcase export price stood at $753 per ton in 2021, declining by -67.5% against the previous year.

What is the average import price for fresh or chilled carcases of beef and veal in Nigeria?

The average fresh beef carcase import price stood at $40,807 per ton in 2022, increasing by 6,435% against the previous year.

This report provides an in-depth analysis of the fresh beef carcase 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:

Prodcom 10111140 - Fresh or chilled carcases, half-carcases and quarters with bone in, of beef and veal

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023