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Nigeria - Lamb And Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Overview of the Market for Lamb And Sheep Meat 2021

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Market Size for Lamb And Sheep Meat in Nigeria

In 2019, the Nigerien lamb and sheep meat market increased by X% to $X, rising for the fifth consecutive year after three years of decline. In general, consumption, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2010 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level in 2019 and is expected to retain growth in the near future.

Production of Lamb And Sheep Meat in Nigeria

In value terms, lamb and sheep meat production skyrocketed to $X in 2019 estimated in export prices. In general, production, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Lamb and sheep meat production peaked in 2019 and is likely to see gradual growth in the immediate term.

In 2019, the average lamb and sheep meat yield in Nigeria contracted modestly to X kg per X heads, reducing by -X% compared with the year before. Over the period under review, the yield recorded a noticeable decline. The growth pace was the most rapid in 2013 when the yield increased by X% y-o-y. The lamb and sheep meat yield peaked at X kg per head in 2007; however, from 2008 to 2019, the yield failed to regain the momentum.

In 2019, number of animals slaughtered for lamb and sheep meat production in Nigeria expanded slightly to X heads, surging by X% compared with the previous year. This number increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 when the number of producing animals increased by X% year-to-year. The number of animals slaughtered for lamb and sheep meat production peaked in 2019 and is likely to continue growth in years to come.

Exports of Lamb And Sheep Meat

Exports from Nigeria

For the third year in a row, Nigeria recorded decline in overseas shipments of lamb and sheep meat, which decreased by -X% to X tonnes in 2019. Overall, exports, however, showed a resilient increase. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. As a result, exports reached the peak of X tonnes. From 2015 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, lamb and sheep meat exports skyrocketed to $X in 2019. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Exports peaked in 2019 and are likely to see steady growth in the near future.

Exports by Country

The Netherlands (X tonnes) was the main destination for lamb and sheep meat exports from Nigeria, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to the Netherlands stood at +X%.

In value terms, the Netherlands ($X) also remains the key foreign market for lamb and sheep meat exports from Nigeria.

From 2007 to 2019, the average annual rate of growth in terms of value to the Netherlands amounted to +X%.

Export Prices by Country

The average lamb and sheep meat export price stood at $X per tonne in 2019, increasing by X% against the previous year. Over the period under review, the export price enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs in 2019 and is likely to see steady growth in the near future.

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

From 2007 to 2019, the rate of growth in terms of prices for the Netherlands amounted to +X% per year.

Imports of Lamb And Sheep Meat

Imports into Nigeria

Lamb and sheep meat imports into Nigeria shrank to X tonnes in 2019, with a decrease of -X% compared with the previous year's figure. Over the period under review, imports saw a mild reduction. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2009 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, lamb and sheep meat imports declined to $X in 2019. Overall, imports showed a noticeable contraction. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, South Africa (X tonnes) constituted the largest lamb and sheep meat supplier to Nigeria, accounting for a X% share of total imports. Moreover, lamb and sheep meat imports from South Africa exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), fourfold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from South Africa totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and the Netherlands (+X% per year).

In value terms, South Africa ($X) constituted the largest supplier of lamb and sheep meat to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2019, the average annual growth rate of value from South Africa amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Italy (+X% per year).

Import Prices by Country

The average lamb and sheep meat import price stood at $X per tonne in 2019, rising by X% against the previous year. Overall, the import price, however, showed a mild descent. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2007; however, from 2008 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, 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 a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lamb and sheep meat in the world?
+
The country with the largest volume of lamb and sheep meat consumption was China (2.8M tonnes), comprising approx. 28% of total volume. Moreover, lamb and sheep meat consumption in China exceeded the figures recorded by the second-largest consumer, Turkey (390K tonnes), sevenfold. Sudan (387K tonnes) ranked third in terms of total consumption with a 3.9% share.
What are the largest producers of lamb and sheep meat in the world?
+
China (2.5M tonnes) remains the largest lamb and sheep meat producing country worldwide, accounting for 25% of total volume. Moreover, lamb and sheep meat production in China exceeded the figures recorded by the second-largest producer, Australia (732K tonnes), threefold. New Zealand (449K tonnes) ranked third in terms of total production with a 4.5% share.
What are the leading suppliers of lamb and sheep meat to Nigeria?
+
In value terms, South Africa ($244K) constituted the largest supplier of lamb and sheep meat to Nigeria, comprising 73% of total imports. The second position in the ranking was occupied by the Netherlands ($36K), with a 11% share of total imports. It was followed by Italy, with a 9.9% share.
What are the leading importers of lamb and sheep meat from Nigeria?
+
In value terms, the Netherlands ($2.5M) remains the key foreign market for lamb and sheep meat exports from Nigeria.
What is the average export price for lamb and sheep meat in Nigeria?
+
In 2019, the average lamb and sheep meat export price amounted to $24,103 per tonne, picking up by 50% against the previous year.
What is the average import price for lamb and sheep meat in Nigeria?
+
The average lamb and sheep meat import price stood at $10,094 per tonne in 2019, with an increase of 4.4% against the previous year.

Product coverage:
• FCL 977 - Meat of sheep

This report provides an in-depth analysis of the market for lamb and sheep meat 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

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