Report Update Nov 1, 2024

Nigeria - Pig Meat Salted (Salted, in Brine, Dried or Smoked) - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Preserved Pork Market 2021

Preserved Pork Market Size in Nigeria

In 2020, the Nigerien preserved pork market increased by X% to $X, rising for the fourth consecutive year after three years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Preserved pork consumption peaked in 2020 and is likely to see gradual growth in the immediate term.

Preserved Pork Production in Nigeria

In value terms, preserved pork production stood at $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2012 when the production volume increased by X% year-to-year. Preserved pork production peaked in 2020 and is expected to retain growth in the immediate term.

Preserved Pork Exports

Exports from Nigeria

Preserved pork exports from Nigeria totaled X kg in 2020, almost unchanged from the year before. Overall, exports showed a relatively flat trend pattern. Over the period under review, exports hit record highs at X tons in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, preserved pork exports amounted to $X in 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Ghana (X tons) was the main destination for preserved pork exports from Nigeria, with a approx. X% share of total exports.

From 2007 to 2018, the average annual growth rate of volume to Ghana was relatively modest.

From 2007 to 2018, the average annual rate of growth in terms of value to Ghana was relatively modest.

Export Prices by Country

In 2018, the average preserved pork export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, average export prices hit record highs in 2018 and is likely to see steady growth in the near future.

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

From 2007 to 2018, the rate of growth in terms of prices for Ghana amounted to X% per year.

Preserved Pork Imports

Imports into Nigeria

In 2020, supplies from abroad of pig meat salted (salted, in brine, dried or smoked) increased by X% to X tons, rising for the sixth consecutive year after five years of decline. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum in 2020 and are likely to see gradual growth in years to come.

In value terms, preserved pork imports surged to $X in 2020. In general, imports recorded a strong increase. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, Denmark (X tons) constituted the largest supplier of preserved pork to Nigeria, with a X% share of total imports. Moreover, preserved pork imports from Denmark exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. The third position in this ranking was occupied by South Africa (X kg), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Denmark amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and South Africa (+X% per year).

In value terms, Denmark ($X) constituted the largest supplier of preserved pork to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Denmark amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and South Africa (+X% per year).

Import Prices by Country

In 2020, the average preserved pork import price amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the import price saw a perceptible descent. The growth pace was the most rapid in 2008 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2009; however, from 2010 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, 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 meat salted (salted, in brine, dried or smoked) in the world?

The country with the largest volume of preserved pork consumption was China, comprising approx. 17% of total volume. Moreover, preserved pork consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. India ranked third in terms of total consumption with a 6.7% share.

What are the largest producers of pig meat salted (salted, in brine, dried or smoked) in the world?

China remains the largest preserved pork producing country worldwide, accounting for 17% of total volume. Moreover, preserved pork production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. India ranked third in terms of total production with a 6.7% share.

What are the leading suppliers of pig meat salted (salted, in brine, dried or smoked) to Nigeria?

In value terms, Denmark constituted the largest supplier of preserved pork to Nigeria, comprising 66% of total imports. The second position in the ranking was occupied by France, with a 13% share of total imports. It was followed by South Africa, with a 7.7% share.

What is the average export price for pig meat salted (salted, in brine, dried or smoked) in Nigeria?

In 2018, the average preserved pork export price amounted to $1,664 per ton, stabilizing at the previous year.

What is the average import price for pig meat salted (salted, in brine, dried or smoked) in Nigeria?

In 2020, the average preserved pork import price amounted to $7,398 per ton, which is down by -6.8% against the previous year.

This report provides an in-depth analysis of the preserved pork 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 10131180 - Pig meat salted, in brine, dried or smoked (including bacon, 3/4 sides/middles, fore-ends, loins and cuts thereof, excluding hams, shoulders and cuts thereof with bone in, bellies and cuts thereof)

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