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

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Poultry Market Size in Nigeria

In 2019, the Nigerien poultry market decreased by -X% to $X, falling for the second year in a row after three years of growth. Overall, consumption saw a noticeable decline. The most prominent rate of growth was recorded in 2016 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level at $X in 2009; however, from 2010 to 2019, consumption stood at a somewhat lower figure.

Poultry Production in Nigeria

In value terms, poultry production shrank to $X in 2019 estimated in export prices. In general, production saw a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Poultry production peaked at $X in 2009; however, from 2010 to 2019, production failed to regain the momentum.

The average yield of poultry in Nigeria was estimated at X kg per X heads in 2019, approximately equating 2018. Overall, the yield showed a relatively flat trend pattern. The poultry yield peaked at X kg per X heads in 2007; afterwards, it flattened through to 2019.

In 2019, approx. X heads of animals slaughtered for poultry production in Nigeria; dropping by -X% on 2018 figures. In general, the number of producing animals showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, this number reached the peak level at X heads in 2009; however, from 2010 to 2019, producing animals failed to regain the momentum.

Poultry Exports

Exports from Nigeria

In 2019, approx. X tonnes of poultry were exported from Nigeria; waning by -X% compared with the previous year's figure. Overall, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

In value terms, poultry exports fell notably to $X in 2019. In general, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Exports peaked at $X in 2010; however, from 2011 to 2019, exports remained at a lower figure.

Exports by Country

Ireland (X tonnes) was the main destination for poultry exports from Nigeria, with a X% share of total exports. Moreover, poultry exports to Ireland exceeded the volume sent to the second major destination, Finland (X kg), threefold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Ireland amounted to -X%.

In value terms, Ireland ($X) remains the key foreign market for poultry exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by Finland ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Ireland totaled -X%.

Export Prices by Country

The average poultry export price stood at $X per tonne in 2019, which is down by -X% against the previous year. In general, the export price saw a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2012; however, from 2013 to 2019, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2019, the country with the highest price was Ireland ($X per tonne), while the average price for exports to Finland totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Finland.

Poultry Imports

Imports into Nigeria

In 2019, overseas purchases of poultry increased by X% to X tonnes, rising for the second consecutive year after ten years of decline. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, poultry imports soared to $X in 2019. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Benin (X tonnes) was the main poultry supplier to Nigeria, with a approx. X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from Benin was relatively modest.

In value terms, Benin ($X) constituted the largest supplier of poultry to Nigeria.

From 2007 to 2019, the average annual rate of growth in terms of value from Benin was relatively modest.

Import Prices by Country

The average poultry import price stood at $X per tonne in 2019, remaining stable against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices failed to regain the momentum.

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

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

Source: IndexBox AI 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 2019 were China (20M tonnes), the U.S. (19M tonnes) and Brazil (10M tonnes), together accounting for 38% of global consumption. These countries were followed by Russia, Mexico, India, Indonesia, Japan, South Africa, Iran, the UK and Argentina, which together accounted for a further 22%.
What are the largest producers of poultry in the world?
+
The countries with the highest volumes of poultry production in 2019 were the U.S. (23M tonnes), China (20M tonnes) and Brazil (14M 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, Benin ($20M) constituted the largest supplier of poultry to Nigeria.
What are the leading importers of poultry from Nigeria?
+
In value terms, Ireland ($3.7K) remains the key foreign market for poultry exports from Nigeria, comprising 75% of total exports. The second position in the ranking was occupied by Finland ($1.3K), with a 25% share of total exports.
What is the average export price for poultry in Nigeria?
+
In 2019, the average poultry export price amounted to $1,908 per tonne, which is down by -3.6% against the previous year.
What is the average import price for poultry in Nigeria?
+
The average poultry import price stood at $1,784 per tonne in 2019, approximately reflecting 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

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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