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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 Overview 2021

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Preserved Pork Market Size in Nigeria

In 2019, after two years of growth, there was decline in the Nigerien preserved pork market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 when the market value increased by X% y-o-y. Preserved pork consumption peaked at $X in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

Preserved Pork Production in Nigeria

In value terms, preserved pork production shrank modestly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Preserved pork production peaked at $X in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.

Preserved Pork Exports

Exports from Nigeria

In 2019, exports of pig meat salted (salted, in brine, dried or smoked) from Nigeria reduced rapidly to X kg, dropping by -X% on the previous year. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, exports hit record highs at X tonnes in 2018, and then declined markedly in the following year.

In value terms, preserved pork exports shrank markedly to $X in 2019. Over the period under review, exports saw a relatively flat trend pattern. Exports peaked at $X in 2018, and then fell remarkably in the following year.

Exports by Country

Ghana (X tonnes) was the main destination for preserved pork exports from Nigeria, accounting for 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 growth rate of value to Ghana was relatively modest.

Export Prices by Country

The average preserved pork export price stood at $X per tonne in 2018, remaining constant against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, average export prices attained the peak figure in 2018 and is expected to retain growth in the immediate term.

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 2019, supplies from abroad of pig meat salted (salted, in brine, dried or smoked) increased by X% to X tonnes, rising for the second consecutive year after four years of decline. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

In value terms, preserved pork imports surged to $X in 2019. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Imports peaked at $X in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

Imports by Country

South Africa (X tonnes), Denmark (X tonnes) and Italy (X tonnes) were the main suppliers of preserved pork imports to Nigeria, together comprising X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved pork suppliers to Nigeria were South Africa ($X), Denmark ($X) and Italy ($X), with a combined X% share of total imports.

South Africa saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved pork import price stood at $X per tonne in 2019, falling by -X% against the previous year. Over the period under review, the import price showed a perceptible shrinkage. The growth pace was the most rapid in 2008 an increase of X% y-o-y. The import price peaked at $X per tonne in 2009; however, from 2010 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per tonne), while the price for Denmark ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pig meat salted (salted, in brine, dried or smoked) in the world?
+
The countries with the highest volumes of preserved pork consumption in 2019 were China (1.6M tonnes), the U.S. (833K tonnes) and India (629K tonnes), with a combined 32% share of global consumption. These countries were followed by the UK, Brazil, Russia, Indonesia, Japan, Pakistan, Bangladesh, Nigeria and Mexico, which together accounted for a further 25%.
What are the largest producers of pig meat salted (salted, in brine, dried or smoked) in the world?
+
The countries with the highest volumes of preserved pork production in 2019 were China (1.6M tonnes), the U.S. (834K tonnes) and India (629K tonnes), together accounting for 32% of global production. These countries were followed by Brazil, the UK, Russia, Indonesia, Japan, Pakistan, Bangladesh, Nigeria, Mexico and Germany, which together accounted for a further 25%.
What are the leading suppliers of pig meat salted (salted, in brine, dried or smoked) to Nigeria?
+
In value terms, South Africa ($25K), Denmark ($14K) and Italy ($11K) appeared to be the largest preserved pork suppliers to Nigeria, together accounting for 85% of total imports.
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 tonne, approximately equating the previous year.
What is the average import price for pig meat salted (salted, in brine, dried or smoked) in Nigeria?
+
In 2019, the average preserved pork import price amounted to $7,938 per tonne, dropping by -6.5% against the previous year.

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)

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.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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