Report Update Jan 1, 2025

Nigeria - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Pig Fat Market 2020

Pig Fat Market Size in Nigeria

The revenue of the pig fat market in Nigeria amounted to $X in 2018, growing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, the pig fat market attained its maximum level in 2018 and is likely to see steady growth in the immediate term.

Pig Fat Production in Nigeria

In value terms, pig fat production amounted to $X in 2018 estimated in export prices. Over the period under review, pig fat production continues to indicate a sharp contraction. Over the period under review, pig fat production attained its maximum level at $X in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.

Pig Fat Exports

Exports from Nigeria

In 2016, approx. X kg of pig fat were exported from Nigeria; therefore, remained relatively stable against the previous year. Overall, pig fat exports continue to indicate a precipitous reduction. Exports peaked at X kg in 2013; however, from 2014 to 2016, exports remained at a lower figure.

In value terms, pig fat exports amounted to $X in 2016. Overall, pig fat exports continue to indicate a precipitous curtailment. Exports peaked at $X in 2013; however, from 2014 to 2016, exports stood at a somewhat lower figure.

Pig Fat Imports

Imports into Nigeria

Pig fat imports into Nigeria totaled X kg in 2018, going down by -X% against the previous year. Over the period under review, pig fat imports continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Imports peaked at X tons in 2015; however, from 2016 to 2018, imports remained at a lower figure.

In value terms, pig fat imports amounted to $X in 2018. Overall, pig fat imports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2010; however, from 2011 to 2018, imports remained at a lower figure.

Imports by Country

Antigua and Barbuda (X kg), the Netherlands (X kg) and Germany (X kg) were the main suppliers of pig fat imports to Nigeria, together accounting for X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Antigua and Barbuda, while the other leaders experienced a decline.

In value terms, Antigua and Barbuda ($X) constituted the largest supplier of pig fat to Nigeria, comprising X% of total pig fat imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports.

From 2007 to 2018, the average annual rate of growth in terms of value from Antigua and Barbuda totaled -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 2018, the average pig fat import price amounted to $X per ton, growing by X% against the previous year. In general, the pig fat import price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. Over the period under review, the average import prices for pig fat attained their peak figure at $X per ton in 2010; however, from 2011 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany (+X% per year), 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 pig fat in the world?

The countries with the highest volumes of in 2021 were Spain, China and France, together accounting for 43% of global consumption.

What are the largest producers of pig fat in the world?

The country with the largest volume of pig fat production was Spain, comprising approx. 34% of total volume. Moreover, pig fat production in Spain exceeded the figures recorded by the second-largest producer, Germany, threefold. France ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of pig fat to Nigeria?

In value terms, the Netherlands $537) constituted the largest supplier of pig fat to Nigeria.

What is the average export price for pig fat in Nigeria?

In 2017, the average pig fat export price amounted to $1,004 per ton, with an increase of 83% against the previous year.

What is the average import price for pig fat in Nigeria?

In 2015, the average pig fat import price amounted to $836 per ton, waning by -43.8% against the previous year.

This report provides an in-depth analysis of the pig fat 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 2025.

Product coverage:

Prodcom 10115040 - Pig fat free of lean meat, fresh, chilled, frozen, salted, in brine or smoked (excluding rendered)

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024