Nigeria: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Nigeria

The Nigerien sheep and goat meat market amounted to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Sheep and goat meat consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Sheep And Goat Meat in Nigeria

In value terms, sheep and goat meat production surged to $X in 2022 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of sheep and goat meat in Nigeria was estimated at X kg per head, approximately equating the year before. Over the period under review, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the yield increased by X% against the previous year. The sheep and goat meat yield peaked at X kg per head in 2017; however, from 2018 to 2022, the yield remained at a lower figure.

In 2022, approx. X heads of animals slaughtered for sheep and goat meat production in Nigeria; therefore, remained relatively stable against the previous year. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The number of animals slaughtered for sheep and goat meat production peaked at X heads in 2021, and then shrank in the following year.

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Exports of Sheep And Goat Meat

Exports from Nigeria

In 2021, approx. X tons of sheep and goat meat were exported from Nigeria; jumping by X% on the previous year's figure. In general, exports, however, saw a abrupt decrease. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, sheep and goat meat exports surged to $X in 2021. Overall, exports, however, continue to indicate a precipitous slump. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X tons) was the main destination for sheep and goat meat exports from Nigeria, with a approx. X% share of total exports.

From 2013 to 2021, the average annual growth rate of volume to Bahrain was relatively modest.

From 2013 to 2021, the average annual rate of growth in terms of value to Bahrain was relatively modest.

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2021, declining by X% against the previous year. Overall, the export price showed a precipitous slump. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2013 to 2021, the rate of growth in terms of prices for Ghana amounted to X% per year.

Imports of Sheep And Goat Meat

Imports into Nigeria

In 2022, approx. X tons of sheep and goat meat were imported into Nigeria; reducing by X% against 2021 figures. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, sheep and goat meat imports dropped rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then fell notably in the following year.

Imports by Country

In 2022, South Africa (X tons) constituted the largest sheep and goat meat supplier to Nigeria, with a X% share of total imports. Moreover, sheep and goat meat imports from South Africa exceeded the figures recorded by the second-largest supplier, Tanzania (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, 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: Tanzania (X% per year) and Italy (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average sheep and goat meat import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2017 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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