Report Update Nov 1, 2024

Nigeria - Prepared or Preserved Meat or Offal of Turkeys - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Preserved Turkey Market 2024

Preserved Turkey Market Size in Nigeria

The Nigerien preserved turkey market expanded modestly to $X in 2021, increasing by 3.7% against the previous year. In general, consumption, however, showed a noticeable curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Preserved Turkey Production in Nigeria

In value terms, preserved turkey production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by 12%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Preserved Turkey Exports

Exports from Nigeria

In 2019, the amount of prepared or preserved meat or offal of turkeys exported from Nigeria was estimated at X kg, approximately mirroring the previous year. Overall, exports faced a abrupt decrease. The smallest decline of 99.9% was in 2014. The exports peaked at X kg in 2013; however, from 2014 to 2019, the exports failed to regain momentum.

In value terms, preserved turkey exports totaled $X in 2019. Over the period under review, exports faced a abrupt downturn. The smallest decline of 99.9% was in 2014. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for preserved turkey exports from Nigeria, with a approx. 100% share of total exports.

From 2013 to 2019, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest.

From 2013 to 2019, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest.

Export Prices by Country

In 2019, the average preserved turkey export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price enjoyed perceptible growth. The most prominent rate of growth was recorded in 2014 when the average export price decreased by 99.9% against the previous year. The export price peaked in 2019 and is expected to retain growth in years to come.

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

From 2013 to 2019, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Preserved Turkey Imports

Imports into Nigeria

In 2021, the amount of prepared or preserved meat or offal of turkeys imported into Nigeria skyrocketed to X tons, jumping by 59% compared with 2020 figures. Over the period under review, imports, however, saw a slight setback. The most prominent rate of growth was recorded in 2019 when imports increased by 119% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, preserved turkey imports surged to $X in 2021. Overall, imports, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2019 with an increase of 97% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest preserved turkey supplier to Nigeria, with a 31% share of total imports. Moreover, preserved turkey imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Lebanon (X tons), threefold. Spain (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to -8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (-9.6% per year) and Spain (+16.5% per year).

In value terms, the Netherlands ($X), Lebanon ($X) and Spain ($X) constituted the largest preserved turkey suppliers to Nigeria, together accounting for 49% of total imports. These countries were followed by France, Belgium, Germany and Luxembourg, which together accounted for a further 14%.

In terms of the main suppliers, Belgium, with a CAGR of +68.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved turkey import price stood at $X per ton in 2021, which is down by -20% against the previous year. Overall, the import price saw a pronounced decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 18% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+5.4%), 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 prepared or preserved meat or offal of turkeys in the world?

China constituted the country with the largest volume of preserved turkey consumption, accounting for 21% of total volume. Moreover, preserved turkey consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.1% share.

What are the largest producers of prepared or preserved meat or offal of turkeys in the world?

China remains the largest preserved turkey producing country worldwide, comprising approx. 21% of total volume. Moreover, preserved turkey production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 5.3% share.

What are the leading suppliers of prepared or preserved meat or offal of turkeys to Nigeria?

In value terms, the largest preserved turkey suppliers to Nigeria were the Netherlands, Lebanon and France, together accounting for 73% of total imports. These countries were followed by Spain, South Africa, Germany and Italy, which together accounted for a further 26%.

What is the average export price for prepared or preserved meat or offal of turkeys in Nigeria?

The average preserved turkey export price stood at $2,700 per ton in 2019, stabilizing at the previous year.

What is the average import price for prepared or preserved meat or offal of turkeys in Nigeria?

The average preserved turkey import price stood at $5,634 per ton in 2021, falling by -1.8% against the previous year.

This report provides an in-depth analysis of the preserved turkey 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 10131525 - Prepared or preserved meat or offal of turkeys (excluding sausages, preparations of liver and prepared meals and dishes)

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