Nigeria: Meat Market 2024

Meat Market Size in Nigeria

The Nigerien meat market expanded slightly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Meat Production in Nigeria

In value terms, meat production expanded markedly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. Meat production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

The average yield of meat in Nigeria stood at X kg per head in 2022, remaining relatively unchanged against 2021 figures. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the yield increased by X%. As a result, the yield reached the peak level of X kg per head. From 2014 to 2022, the growth of the average meat yield remained at a somewhat lower figure.

In 2022, the number of animals slaughtered for meat production in Nigeria fell modestly to X heads, almost unchanged from the year before. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for meat production peaked at X heads in 2021, and then declined slightly in the following year.

Meat Exports

Exports from Nigeria

In 2022, the amount of meat exported from Nigeria contracted markedly to X tons, dropping by X% compared with 2021 figures. Overall, exports, however, showed a prominent increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, meat exports shrank rapidly to $X in 2022. In general, exports, however, continue to indicate strong growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X tons) was the main destination for meat exports from Nigeria, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Africa amounted to X%.

In value terms, South Africa ($X) emerged as the key foreign market for meat exports from Nigeria.

From 2012 to 2022, the average annual rate of growth in terms of value to South Africa totaled X%.

Export Prices by Country

In 2022, the average meat export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price recorded a measured increase. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to X% per year.

Meat Imports

Imports into Nigeria

In 2022, approx. X tons of meat were imported into Nigeria; with a decrease of X% against 2021 figures. Overall, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, meat imports shrank dramatically to $X in 2022. Over the period under review, imports recorded a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

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

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

In value terms, South Africa ($X) constituted the largest supplier of meat to Nigeria, comprising X% of total imports. The second position in the ranking was held by Germany ($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 growth rate of value from South Africa 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).

Import Prices by Country

In 2022, the average meat import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price recorded a slight setback. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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