Nigeria: Dairy Produce Market 2025

Dairy Produce Market Size in Nigeria

In 2022, the Nigerien dairy produce market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, the total consumption indicated a notable expansion 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, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Dairy Produce Production in Nigeria

In value terms, dairy produce production totaled $X in 2022 estimated in export price. Over the period under review, production showed a abrupt slump. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Dairy Produce Exports

Exports from Nigeria

In 2022, shipments abroad of dairy produce was finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, dairy produce exports surged to $X in 2022. Overall, exports, however, saw a precipitous contraction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ghana (X tons), Togo (X tons) and the United Arab Emirates (X tons) were the main destinations of dairy produce exports from Nigeria, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Togo (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Ghana ($X) remains the key foreign market for dairy produce exports from Nigeria, comprising X% of total exports. The second position in the ranking was taken by Togo ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ghana totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average dairy produce export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, recorded a slight reduction. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (X%), while the prices for the other major destinations experienced mixed trend patterns.

Dairy Produce Imports

Imports into Nigeria

In 2022, purchases abroad of dairy produce decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports recorded a perceptible decline. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, dairy produce imports shrank rapidly to $X in 2022. Over the period under review, imports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest dairy produce supplier to Nigeria, with a X% share of total imports. Moreover, dairy produce imports from New Zealand exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from New Zealand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of dairy produce to Nigeria, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Germany (X% per year).

Import Prices by Country

The average dairy produce import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price 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, dairy produce import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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