Nigeria: Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Nigeria

The Nigerien market for fresh or chilled pig meat other than cuts or carcases shrank modestly to $X in 2022, dropping by -4.3% against the previous year. Overall, consumption saw a pronounced reduction. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Nigeria

In value terms, production of fresh or chilled pig meat other than cuts or carcases contracted slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced contraction. The pace of growth was the most pronounced in 2017 with an increase of 83%. As a result, production reached the peak level of $X. From 2018 to 2022, production of growth remained at a lower figure.

Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports from Nigeria

In 2020, the amount of fresh or chilled pig meat other than cuts or carcases exported from Nigeria was estimated at X kg, leveling off at the previous year's figure. In general, exports continue to indicate a dramatic decrease. The smallest decline of 99.9% was in 2013. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases amounted to $X in 2020. Overall, exports showed a dramatic contraction. The smallest decline of 99.9% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Gambia (X kg) was the main destination for exports of fresh or chilled pig meat other than cuts or carcases from Nigeria, with a 98% share of total exports. It was followed by Cote d'Ivoire (X kg), with a 1.7% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Gambia was relatively modest.

From 2012 to 2020, the average annual rate of growth in terms of value to Gambia was relatively modest.

Export Prices by Country

The average export price for fresh or chilled pig meat other than cuts or carcases stood at $X per ton in 2020, standing approx. at the previous year. In general, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2013 a decrease of 99.9%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2020, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Gambia totaled $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports into Nigeria

In 2022, imports of fresh or chilled pig meat other than cuts or carcases into Nigeria reduced remarkably to X tons, shrinking by -22.1% compared with the previous year. Over the period under review, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by 157%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases plummeted to $X in 2022. Overall, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2018 when imports increased by 217% against the previous year. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X tons) constituted the largest fresh pork other than cuts or carcases supplier to Nigeria, accounting for a 61% share of total imports. Moreover, imports of fresh or chilled pig meat other than cuts or carcases from South Africa exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Italy (X kg) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa amounted to -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-16.7% per year) and Italy (+21.2% per year).

In value terms, the largest fresh pork other than cuts or carcases suppliers to Nigeria were South Africa ($X), the United States ($X) and Italy ($X), with a combined 96% share of total imports.

Among the main suppliers, Italy, with a CAGR of +20.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for fresh or chilled pig meat other than cuts or carcases amounted to $X per ton, shrinking by -11% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 38% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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