Chicken Meat Market Overview in Nigeria
In value terms, chicken meat production amounted to $ in 2019 estimated in export prices. In general, production showed a abrupt downturn. The growth pace was the most rapid in 2018 when the production volume increased by % against the previous year. Chicken meat production peaked at $ in 2008; however, from 2009 to 2019, production remained at a lower figure.
The average yield of chicken meat in Nigeria amounted to kg per heads in 2019, remaining constant against the year before. Overall, the yield continues to indicate a relatively flat trend pattern. Over the period under review, the average chicken meat yield attained the peak level at kg per heads in 2007; afterwards, it flattened through to 2019.
In 2019, number of animals slaughtered for chicken meat production in Nigeria reduced modestly to heads, with a decrease of -% compared with the previous year. Over the period under review, the number of producing animals continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2012 with an increase of % against the previous year. The number of animals slaughtered for chicken meat production peaked at heads in 2009; however, from 2010 to 2019, producing animals stood at a somewhat lower figure.
The value of the chicken meat market in Nigeria reached $ in 2019, surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of % y-o-y. Over the period under review, the market reached the peak level at $ in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.