Report Update Nov 1, 2024

Nigeria - Beef and Veal (Salted, in Brine, Dried or Smoked) - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Preserved Beef Market 2024

Preserved Beef Market Size in Nigeria

The Nigerien preserved beef market contracted to $X in 2021, with a decrease of -13.4% against the previous year. Over the period under review, consumption, however, recorded a buoyant increase. Over the period under review, the market reached the peak level at $X in 2020, and then dropped in the following year.

Preserved Beef Production in Nigeria

In value terms, preserved beef production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 87%. Over the period under review, production attained the peak level at $X in 2020, and then dropped in the following year.

Preserved Beef Exports

Exports from Nigeria

After two years of decline, shipments abroad of beef and veal (salted, in brine, dried or smoked) increased by 100% to X kg in 2021. Over the period under review, exports showed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 500% against the previous year. The exports peaked at X kg in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, preserved beef exports surged to $X in 2021. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 420% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for preserved beef exports from Nigeria, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for beef and veal (salted, in brine, dried or smoked) exports from Nigeria.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at +22.0%.

Export Prices by Country

The average preserved beef export price stood at $X per ton in 2021, surging by 4.1% against the previous year. In general, the export price, however, saw a deep contraction. The pace of growth was the most pronounced in 2016 an increase of 185%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to -10.5% per year.

Preserved Beef Imports

Imports into Nigeria

Preserved beef imports into Nigeria skyrocketed to X kg in 2021, with an increase of 105% compared with the previous year's figure. Overall, imports, however, saw a sharp shrinkage. The growth pace was the most rapid in 2017 when imports increased by 712% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, preserved beef imports surged to $X in 2021. In general, imports showed a pronounced increase. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa (X kg), Niger (X kg) and Italy (X kg) were the main suppliers of preserved beef imports to Nigeria, together accounting for 76% of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +20.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Niger ($X) and South Africa ($X) appeared to be the largest preserved beef suppliers to Nigeria, with a combined 65% share of total imports.

Among the main suppliers, South Africa, with a CAGR of +81.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved beef import price stood at $X per ton in 2021, picking up by 155% against the previous year. In general, the import price showed a significant increase. The pace of growth appeared the most rapid in 2013 an increase of 801% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Niger (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beef and veal (salted, in brine, dried or smoked) in the world?

The country with the largest volume of preserved beef consumption was China, accounting for 18% of total volume. Moreover, preserved beef consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 6.1% share.

What are the largest producers of beef and veal (salted, in brine, dried or smoked) in the world?

China remains the largest preserved beef producing country worldwide, comprising approx. 18% of total volume. Moreover, preserved beef production in China exceeded the figures recorded by the second-largest producer, India, threefold. Italy ranked third in terms of total production with a 6.3% share.

What are the leading suppliers of beef and veal (salted, in brine, dried or smoked) to Nigeria?

In value terms, the largest preserved beef suppliers to Nigeria were South Africa, Italy and Germany $768), with a combined 85% share of total imports.

What are the leading importers of beef and veal (salted, in brine, dried or smoked) from Nigeria?

In value terms, the United Arab Emirates $686) remains the key foreign market for preserved beef exports from Nigeria.

What is the average export price for beef and veal (salted, in brine, dried or smoked) in Nigeria?

In 2018, the average preserved beef export price amounted to $45,548 per ton, growing by 238% against the previous year.

What is the average import price for beef and veal (salted, in brine, dried or smoked) in Nigeria?

In 2021, the average preserved beef import price amounted to $7,657 per ton, dropping by -29.1% against the previous year.

This report provides an in-depth analysis of the preserved beef 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 2030.

Product coverage:

Prodcom 10131200 - Beef and veal salted, in brine, dried or smoked

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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023