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Nigeria - Fresh or Chilled Cuts of Chicken - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNigeria: Fresh Chicken Cut Market 2024
Fresh Chicken Cut Market Size in Nigeria
The Nigerien fresh chicken cut market dropped modestly to $X in 2021, waning by -2.2% against the previous year. Overall, consumption posted a buoyant increase. Over the period under review, the market attained the peak level at $X in 2020, and then declined in the following year.
Fresh Chicken Cut Production in Nigeria
In value terms, fresh chicken cut production contracted to $X in 2021 estimated in export price. Over the period under review, production posted prominent growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 71% against the previous year. Fresh chicken cut production peaked at $X in 2020, and then dropped in the following year.
Fresh Chicken Cut Exports
Exports from Nigeria
In 2019, approx. X kg of fresh or chilled cuts of chicken were exported from Nigeria; leveling off at 2018. Over the period under review, exports showed a significant expansion. The smallest decline of 99.9% was in 2016. Over the period under review, the exports attained the peak figure in 2019 and are expected to retain growth in years to come.
In value terms, fresh chicken cut exports stood at $X in 2019. Overall, exports continue to indicate significant growth. The smallest decline of 99.9% was in 2016. Over the period under review, the exports attained the peak figure in 2019 and are likely to see steady growth in the near future.
Exports by Country
Finland (X kg) was the main destination for fresh chicken cut exports from Nigeria, with a 87% share of total exports. Moreover, fresh chicken cut exports to Finland exceeded the volume sent to the second major destination, Niger (X kg), sevenfold.
From 2015 to 2019, the average annual rate of growth in terms of volume to Finland was relatively modest.
From 2015 to 2019, the average annual rate of growth in terms of value to Finland was relatively modest.
Export Prices by Country
In 2019, the average fresh chicken cut export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price showed a significant expansion. The growth pace was the most rapid in 2016 a decrease of 99.9% against the previous year. The export price peaked in 2019 and is likely to see gradual growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Finland ($X per ton), while the average price for exports to Niger amounted to $X per ton.
From 2015 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Fresh Chicken Cut Imports
Imports into Nigeria
In 2021, the amount of fresh or chilled cuts of chicken imported into Nigeria dropped to X tons, shrinking by -7.4% against the year before. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 165%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.
In value terms, fresh chicken cut imports soared to $X in 2021. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 when imports increased by 175% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.
Imports by Country
The Netherlands (X tons), Italy (X tons) and Luxembourg (X kg) were the main suppliers of fresh chicken cut imports to Nigeria, together accounting for 97% of total imports.
From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +16.3%), while purchases for the other leaders experienced mixed trend patterns.
In value terms, the Netherlands ($X) constituted the largest supplier of fresh or chilled cuts of chicken to Nigeria, comprising 58% of total imports. The second position in the ranking was held by Italy ($X), with a 23% share of total imports. It was followed by Luxembourg, with a 9.2% share.
From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-17.1% per year) and Luxembourg (+10.1% per year).
Import Prices by Country
The average fresh chicken cut import price stood at $X per ton in 2021, jumping by 25% against the previous year. In general, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fresh chicken cut import price increased by +64.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 31%. The import price peaked in 2021 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Luxembourg ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the fresh chicken cut 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 10121050 - Fresh or chilled cuts of chicken
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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