Nigeria: Whole Fresh Milk Market 2025

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) :