Report Update Nov 1, 2024

Nigeria - Whole Fresh Milk - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Nigeria

The Nigerien whole fresh milk market amounted to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Whole Fresh Milk Production in Nigeria

In value terms, whole fresh milk production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2017 with an increase of 142% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Whole Fresh Milk Exports

Exports from Nigeria

In 2018, the amount of whole fresh milk exported from Nigeria contracted rapidly to X tons, falling by -25.1% compared with the previous year's figure. In general, exports recorded a dramatic setback. The exports peaked at X tons in 2017, and then contracted remarkably in the following year.

In value terms, whole fresh milk exports contracted remarkably to $X in 2018. Over the period under review, exports recorded a sharp decline. The exports peaked at $X in 2017, and then contracted notably in the following year.

Exports by Country

Ghana (X tons) was the main destination for whole fresh milk exports from Nigeria, with a 91% share of total exports. Moreover, whole fresh milk exports to Ghana exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2017 to 2018, the average annual growth rate of volume to Ghana stood at -27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-20.8% per year) and Senegal (0.0% per year).

In value terms, Ghana ($X) remains the key foreign market for whole fresh milk exports from Nigeria, comprising 94% of total exports. The second position in the ranking was taken by the United States ($X), with a 4.6% share of total exports.

From 2017 to 2018, the average annual rate of growth in terms of value to Ghana stood at -30.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-20.4% per year) and Senegal (0.0% per year).

Export Prices by Country

In 2018, the average whole fresh milk export price amounted to $X per ton, waning by -5.7% against the previous year. In general, the export price showed a deep setback. Over the period under review, the average export prices attained the maximum at $X per ton in 2017, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2017 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.5%).

Whole Fresh Milk Imports

Imports into Nigeria

In 2022, the amount of whole fresh milk imported into Nigeria surged to X tons, rising by 265% compared with the previous year. In general, imports, however, saw a abrupt slump. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, whole fresh milk imports surged to $X in 2022. Over the period under review, imports, however, faced a abrupt contraction. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Poland (X tons) and the United Arab Emirates (X tons) were the main suppliers of whole fresh milk imports to Nigeria, with a combined 67% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +20.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest whole fresh milk suppliers to Nigeria were Poland ($X), the United States ($X) and Belgium ($X), together accounting for 69% of total imports. Germany, the United Arab Emirates, the Netherlands and China lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +20.4%, saw the highest rates of growth with regard to 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

In 2022, the average whole fresh milk import price amounted to $X per ton, picking up by 4.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 52%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Poland ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for whole fresh milk in the world?

The countries with the highest volumes of whole fresh milk consumption in 2021 were India, the United States and Pakistan, with a combined 39% share of global consumption.

What are the largest producers of whole fresh milk in the world?

The countries with the highest volumes of whole fresh milk production in 2021 were India, the United States and Pakistan, with a combined 39% share of global production.

What are the leading suppliers of whole fresh milk to Nigeria?

In value terms, Belgium, Germany and Poland were the largest whole fresh milk suppliers to Nigeria, together comprising 87% of total imports.

What are the leading importers of whole fresh milk from Nigeria?

In value terms, Ghana remains the key foreign market for whole fresh milk exports from Nigeria, comprising 99% of total exports. The second position in the ranking was occupied by Senegal, with a 0.7% share of total exports.

What is the average export price for whole fresh milk in Nigeria?

In 2018, the average whole fresh milk export price amounted to $1,015 per ton, shrinking by -7.8% against the previous year.

What is the average import price for whole fresh milk in Nigeria?

The average whole fresh milk import price stood at $634 per ton in 2021, with a decrease of -4.3% against the previous year.

This report provides an in-depth analysis of the whole fresh milk 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:

FCL 1130 - Camel milk
FCL 882 - Cow milk, whole (fresh)
FCL 1020 - Goat milk
FCL 982 - Sheep milk
FCL 951 - Buffalo milk

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, PRODUCING ANIMALS AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023