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Nigeria - Poultry - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Poultry Market Overview 2021

Poultry Market Size in Nigeria

The Nigerien poultry market rose slightly to $X in 2020, with an increase of X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Poultry consumption peaked at $X in 2010; however, from 2011 to 2020, consumption failed to regain the momentum.

Poultry Production in Nigeria

In value terms, poultry production reached $X in 2020 estimated in export prices. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2011 to 2020, production growth failed to regain the momentum.

The average yield of poultry in Nigeria totaled X kg per X heads in 2020, remaining stable against 2019 figures. Over the period under review, the yield showed a relatively flat trend pattern. Over the period under review, the average poultry yield reached the maximum level at X kg per X heads in 2007; afterwards, it flattened through to 2020.

In 2020, approx. X heads of animals slaughtered for poultry production in Nigeria; leveling off at the previous year. In general, the number of producing animals continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the number of producing animals increased by X% year-to-year. The number of animals slaughtered for poultry production peaked at X heads in 2009; however, from 2010 to 2020, producing animals stood at a somewhat lower figure.

Poultry Exports

Exports from Nigeria

In 2020, the amount of poultry exported from Nigeria skyrocketed to X tonnes, growing by X% compared with the previous year. Overall, exports, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2018 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2010; however, from 2011 to 2020, exports remained at a lower figure.

In value terms, poultry exports skyrocketed to $X in 2020. In general, exports, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2011 to 2020, the growth exports remained at a lower figure.

Exports by Country

Ireland (X tonnes) was the main destination for poultry exports from Nigeria, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Ireland amounted to +X%.

In value terms, Ireland ($X) also remains the key foreign market for poultry exports from Nigeria.

From 2007 to 2020, the average annual growth rate of value to Ireland amounted to +X%.

Export Prices by Country

In 2020, the average poultry export price amounted to $X per tonne, remaining stable against the previous year. Overall, the export price saw a slight setback. The pace of growth was the most pronounced in 2010 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for Ireland amounted to -X% per year.

Poultry Imports

Imports into Nigeria

For the third consecutive year, Nigeria recorded decline in purchases abroad of poultry, which decreased by -X% to X tonnes in 2020. In general, imports saw a noticeable decline. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2010 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, poultry imports shrank modestly to $X in 2020. Over the period under review, imports showed a perceptible shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Imports peaked at $X in 2009; however, from 2010 to 2020, imports remained at a lower figure.

Imports by Country

The U.S. (X tonnes), Greece (X tonnes) and Brazil (X tonnes) were the main suppliers of poultry imports to Nigeria.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (+X% per year), while imports for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual rate of growth in terms of value from Brazil stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Greece (+X% per year).

Import Prices by Country

The average poultry import price stood at $X per tonne in 2020, surging by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Brazil ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for poultry in the world?
+
The countries with the highest volumes of poultry consumption in 2020 were China (21M tonnes), the U.S. (19M tonnes) and Brazil (12M tonnes), together accounting for 38% of global consumption. Russia, India, Mexico, Indonesia, Japan, Iran, South Africa, Turkey and Argentina lagged somewhat behind, together accounting for a further 22%.
What are the largest producers of poultry in the world?
+
The countries with the highest volumes of poultry production in 2020 were the U.S. (23M tonnes), China (21M tonnes) and Brazil (15M tonnes), together comprising 43% of global production. Russia, India, Indonesia, Mexico, Poland, Japan, Iran, Argentina and Turkey lagged somewhat behind, together accounting for a further 21%.
What are the leading suppliers of poultry to Nigeria?
+
In value terms, Brazil ($9.2M) constituted the largest supplier of poultry to Nigeria, comprising 422% of total imports. The second position in the ranking was occupied by the U.S. ($4.3M), with a 194% share of total imports. It was followed by Greece, with a 169% share.
What are the leading importers of poultry from Nigeria?
+
In value terms, Ireland ($9.3K) remains the key foreign market for poultry exports from Nigeria.
What is the average export price for poultry in Nigeria?
+
The average poultry export price stood at $2,078 per tonne in 2020, approximately equating the previous year.
What is the average import price for poultry in Nigeria?
+
The average poultry import price stood at $1,946 per tonne in 2020, growing by 2.3% against the previous year.

Product coverage:
• FCL 1058 - Chicken meat
• FCL 1059 - Offals and liver of chickens
• FCL 1069 - Duck meat
• FCL 1073 - Goose meat
• FCL 1074 - Offals and liver of geese
• FCL 1075 - Offals and liver of ducks
• FCL 1080 - Turkey meat
• FCL 1081 - Offals and liver of turkey

This report provides an in-depth analysis of the poultry 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

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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Producing Animals Slaughtered, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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