Report Update Nov 1, 2024

Nigeria - Chicken Meat - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Chicken Meat Market 2024

Chicken Meat Market Size in Nigeria

After four years of growth, the Nigerien chicken meat market decreased by -2.8% to $X in 2021. Over the period under review, consumption, however, showed a deep reduction. Chicken meat consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Chicken Meat Production in Nigeria

In value terms, chicken meat production shrank to $X in 2021 estimated in export price. In general, production saw a deep setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by 20% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

The average yield of chicken meat in Nigeria totaled X kg per head in 2021, therefore, remained relatively stable against the year before. Over the period under review, the yield recorded a relatively flat trend pattern. The chicken meat yield peaked in 2021 and is expected to retain growth in the immediate term.

The number of animals slaughtered for chicken meat production in Nigeria dropped slightly to X heads in 2021, approximately reflecting the previous year's figure. Overall, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 17%. Over the period under review, this number reached the peak level at X heads in 2018; however, from 2019 to 2021, producing animals stood at a somewhat lower figure.

Chicken Meat Exports

Exports from Nigeria

In 2021, after two years of growth, there was significant decline in overseas shipments of chicken meat, when their volume decreased by -95.9% to X kg. Overall, exports saw a dramatic slump. The pace of growth appeared the most rapid in 2020 with an increase of 5,428% against the previous year. As a result, the exports attained the peak of X tons, and then reduced sharply in the following year.

In value terms, chicken meat exports declined notably to $X in 2021. In general, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 3,288% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for chicken meat exports from Nigeria, accounting for 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) emerged as the key foreign market for chicken meat exports from Nigeria.

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

Export Prices by Country

In 2021, the average chicken meat export price amounted to $X per ton, with a decrease of -19.8% against the previous year. Overall, the export price continues to indicate a abrupt contraction. The export price peaked at $X per ton in 2012; however, from 2013 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 the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for Ghana amounted to 0.0% per year.

Chicken Meat Imports

Imports into Nigeria

In 2021, purchases abroad of chicken meat was finally on the rise to reach X tons after two years of decline. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 3,176%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, chicken meat imports surged to $X in 2021. Overall, imports posted a resilient increase. The growth pace was the most rapid in 2017 when imports increased by 2,886%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Benin (X tons), Italy (X tons) and France (X tons) were the main suppliers of chicken meat imports to Nigeria, together comprising 64% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +121.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chicken meat suppliers to Nigeria were Benin ($X), Italy ($X) and France ($X), with a combined 61% share of total imports.

In terms of the main suppliers, France, with a CAGR of +69.2%, 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 chicken meat import price stood at $X per ton in 2021, picking up by 17% against the previous year. Overall, the import price, however, recorded a mild reduction. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chicken meat in the world?

The countries with the highest volumes of chicken meat consumption in 2020 were the United States, China and Brazil, with a combined 37% share of global consumption. Russia, Mexico, Indonesia, India, Japan, South Africa, Iran, Argentina and Peru lagged somewhat behind, together comprising a further 23%.

What are the largest producers of chicken meat in the world?

The countries with the highest volumes of chicken meat production in 2020 were the United States, China and Brazil, with a combined 41% share of global production. These countries were followed by Russia, Indonesia, Mexico, India, Japan, Argentina, Iran, Poland, Turkey and South Africa, which together accounted for a further 24%.

What are the leading suppliers of chicken meat to Nigeria?

In value terms, Greece constituted the largest supplier of chicken meat to Nigeria, comprising 58% of total imports. The second position in the ranking was occupied by Italy, with a 19% share of total imports. It was followed by Germany, with a 19% share.

What is the average export price for chicken meat in Nigeria?

The average chicken meat export price stood at $1,290 per ton in 2020, reducing by -37.3% against the previous year.

What is the average import price for chicken meat in Nigeria?

The average chicken meat import price stood at $1,614 per ton in 2020, with an increase of 8.4% against the previous year.

This report provides an in-depth analysis of the chicken meat 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:

FCL 1058 - Chicken meat
FCL 1059 - Offals and liver of chickens

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, PRODUCING ANIMALS AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023