Report Update Nov 1, 2024

Nigeria - Industrial Machinery for the Preparation of Meat or Poultry - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Nigeria: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Nigeria

In 2022, the Nigerien meat-preparation industrial machinery market increased by 11% to $X, rising for the fifth year in a row after two years of decline. In general, consumption posted a resilient increase. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the near future.

Meat-Preparation Industrial Machinery Exports

Exports from Nigeria

In 2021, the amount of industrial machinery for the preparation of meat or poultry exported from Nigeria declined notably to less than X units, with a decrease of 99.9% on the previous year. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X units in 2020, and then declined sharply in the following year.

In value terms, meat-preparation industrial machinery exports skyrocketed to $X in 2021. Overall, exports, however, saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Meat-Preparation Industrial Machinery Imports

Imports into Nigeria

In 2022, supplies from abroad of industrial machinery for the preparation of meat or poultry increased by 11% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 189%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, meat-preparation industrial machinery imports skyrocketed to $X in 2022. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 284%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), India (X units) and the United Arab Emirates (X units) were the main suppliers of meat-preparation industrial machinery imports to Nigeria, with a combined 79% share of total imports. Turkey, the UK, Spain, Egypt and South Africa lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +63.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest meat-preparation industrial machinery suppliers to Nigeria were China ($X), India ($X) and Turkey ($X), with a combined 48% share of total imports.

Turkey, with a CAGR of +53.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average meat-preparation industrial machinery import price amounted to $X per unit, rising by 5.6% against the previous year. Overall, the import price, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 33% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 South Africa ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial machinery for the preparation of meat or poultry in the world?

The countries with the highest volumes of in 2021 were China, the United States and Italy, together comprising 39% of global consumption. These countries were followed by Japan, Russia, Brazil, Germany, the Netherlands, the UK, South Korea, Canada and France, which together accounted for a further 30%.

What are the largest producers of industrial machinery for the preparation of meat or poultry in the world?

The countries with the highest volumes of in 2021 were China, Germany and the Netherlands, together accounting for 43% of global production. The United States, South Africa, Italy, Japan, Russia, Brazil, Poland and Spain lagged somewhat behind, together accounting for a further 41%.

What are the leading suppliers of industrial machinery for the preparation of meat or poultry to Nigeria?

In value terms, China constituted the largest supplier of meat-preparation industrial machinery to Nigeria, comprising 46% of total imports. The second position in the ranking was occupied by Turkey, with a 21% share of total imports. It was followed by the Netherlands, with a 13% share.

What is the average export price for industrial machinery for the preparation of meat or poultry in Nigeria?

In 2019, the average meat-preparation industrial machinery export price amounted to $290 per unit, approximately mirroring the previous year.

What is the average import price for industrial machinery for the preparation of meat or poultry in Nigeria?

In 2021, the average meat-preparation industrial machinery import price amounted to $12 per unit, dropping by -45.5% against the previous year.

This report provides an in-depth analysis of the meat-preparation industrial machinery 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 28931750 - Industrial machinery for the preparation of meat or poultry

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