Report Update Apr 1, 2024

Nigeria - Frozen Pig Meat - Market Analysis, Forecast, Size, Trends and Insights

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

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

The Nigerien market for frozen pig meat other than cuts or carcases shrank to $X in 2022, with a decrease of -10.1% against the previous year. In general, consumption, however, continues to indicate a strong increase. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in Nigeria

In value terms, production of frozen pig meat other than cuts or carcases reduced to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 129% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Nigeria

In 2020, shipments abroad of frozen pig meat other than cuts or carcases decreased by 0% to X tons, falling for the second year in a row after four years of growth. In general, exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2018 when exports increased by 41% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, exports of frozen pig meat other than cuts or carcases amounted to less than $X in 2020. Overall, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2018 with an increase of 142% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

Exports by Country

Myanmar (X tons) was the main destination for exports of frozen pig meat other than cuts or carcases from Nigeria, accounting for a approx. 100% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to Myanmar was relatively modest.

In value terms, Myanmar ($X) emerged as the key foreign market for frozen pig meat other than cuts or carcases exports from Nigeria.

From 2012 to 2018, the average annual growth rate of value to Myanmar was relatively modest.

Export Prices by Country

The average export price for frozen pig meat other than cuts or carcases stood at $X per ton in 2018, rising by 71% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2018, the rate of growth in terms of prices for Bahamas amounted to +1.4% per year.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Nigeria

In 2022, supplies from abroad of frozen pig meat other than cuts or carcases increased by 292% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a deep slump. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of frozen pig meat other than cuts or carcases surged to $X in 2022. In general, imports, however, faced a abrupt descent. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), South Africa (X tons) and the United States (X tons) were the main suppliers of imports of frozen pig meat other than cuts or carcases to Nigeria, together comprising 59% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of -0.3%), while purchases for the other leaders experienced a decline.

In value terms, the largest frozen pig meat other than cuts or carcases suppliers to Nigeria were Italy ($X), South Africa ($X) and the United States ($X), with a combined 67% share of total imports.

South Africa, with a CAGR of -5.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 frozen pig meat other than cuts or carcases amounted to $X per ton, approximately reflecting the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 12%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($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 (+6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen pig meat other than cuts or carcases in the world?

The countries with the highest volumes of consumption in 2022 were China, India and Japan, together accounting for 27% of global consumption. South Korea, the United States, Mexico, Russia, Nigeria, Spain, the Philippines, Canada, Bangladesh and Turkey lagged somewhat behind, together comprising a further 34%.

What are the largest producers of frozen pig meat other than cuts or carcases in the world?

The countries with the highest volumes of production in 2022 were Spain, Brazil and the United States, together accounting for 32% of global production. India, Canada, Russia, Denmark, Mexico, the Netherlands, Germany, Nigeria, Bangladesh and Turkey lagged somewhat behind, together comprising a further 43%.

What are the leading suppliers of frozen pig meat other than cuts or carcases to Nigeria?

In value terms, Italy, South Africa and the United States appeared to be the largest frozen pig meat other than cuts or carcases suppliers to Nigeria, together accounting for 67% of total imports.

What are the leading importers of frozen pig meat other than cuts or carcases from Nigeria?

In value terms, Myanmar emerged as the key foreign market for frozen pig meat other than cuts or carcases exports from Nigeria.

What is the average export price for frozen pig meat other than cuts or carcases in Nigeria?

In 2018, the average export price for frozen pig meat other than cuts or carcases amounted to $5,266 per ton, increasing by 71% against the previous year.

What is the average import price for frozen pig meat other than cuts or carcases in Nigeria?

The average import price for frozen pig meat other than cuts or carcases stood at $4,183 per ton in 2022, approximately equating the previous year.

This report provides an in-depth analysis of the market for frozen pig meat other than cuts or carcases 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 10113290 - Frozen pig meat (excluding carcases and half-carcases, h ams, shoulders and cuts thereof with bone in)

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, PRODUCING ANIMALS AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023