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  5. > Nigeria Agribusiness Report Q3 2016

Nigeria Agribusiness Report Q3 2016

  • June 2016
  • -
  • Business Monitor International
  • -
  • 73 pages

Includes 3 FREE quarterly updates

BMI View: Our view on the Nigerian agribusiness sector is mixed. The cocoa industry assumes a greaterimportance in the country's medium-term economic future now that oil revenues can no longer be reliedupon as an easy source of foreign exchange. We remain cautiously optimistic that cocoa plantations andprocessing facilities will continue to receive the public and private sector support needed to move forward.Poultry, dairy, sugar, rice and wheat consumption are expected to continue to depend very largely onimports to meet demand, although a much greater percentage of demand for each of these commodities(apart from wheat) could potentially be met by local production. Poor infrastructure, lack of access toinputs and basic technology, fragmentation and a lack of access to finance and expertise are among thefactors that lead us to take a pessimistic view of the medium-term prospects for self-sufficiency.

Key BMI Forecasts

- Cocoa production growth to 2019/20: 44.5% to 289,100 tonnes. Global prices will remain sufficientlyelevated to stimulate investment from government and private sector bodies.

- Corn consumption growth to 2020: 17.6% to 8.8mn tonnes. Recovering demand from the livestockindustry will support consumption growth.

- 2016 real GDP growth: 3.6% (up from 3.3% in 2015).

- 2016 consumer price inflation (ave): 9.3% (down from 9.1% in 2015).

Table Of Contents

Nigeria Agribusiness Report Q3 2016
BMI Industry View 7
SWOT 9
Agribusiness 9
Industry Forecast 11
Cocoa Outlook 11
Table: Nigeria - Cocoa Production and Consumption Outlook 11
Table: Risks To Outlook 12
Table: Cocoa Production and Consumption (Nigeria 2012-2020) 14
Rice Outlook 15
Table: Nigeria - Rice Production and Consumption Outlook 15
Table: Risks To Outlook 16
Table: Rice Production and Consumption (Nigeria 2012-2020) 18
Livestock And Dairy Outlook 19
Table: Nigeria - Poultry Production and Consumption Outlook 19
Table: Nigeria - Pork Production and Consumption Outlook 20
Table: Nigeria - Milk Production and Consumption Outlook 20
Table: Risks To Outlook 21
Table: Poultry Production and Consumption (Nigeria 2012-2020) 22
Table: Pork Production and Consumption (Nigeria 2012-2020) 22
Table: Milk Production and Consumption (Nigeria 2012-2020) 23
Grains Outlook 24
Table: Nigeria - Wheat Production and Consumption Outlook 24
Table: Nigeria - Corn Production and Consumption Outlook 25
Table: Risks To Outlook 25
Table: Wheat Production and Consumption (Nigeria 2012-2020) 28
Table: Corn Production and Consumption (Nigeria 2012-2020) 28
Sugar Outlook 29
Table: Nigeria - Sugar Production and Consumption Outlook 29
Table: Risks To Outlook 30
Table: Sugar Production and Consumption (Nigeria 2012-2020) 31
Commodities Price Analysis 32
Global Commodities Strategy 32
Table: SELECT COMMODITIES - PERFORMANCE AND BMI FORECASTS 32
Upstream Analysis 34
Africa Fertiliser Outlook 34
Africa Machinery Outlook 41
Table: How Africa Compares With Other Regions 41
Africa GM Outlook 47
Downstream Analysis 54
Food 54
Latest Updates 54
Structural Trends 55
Table: Food Sales (Nigeria 2013-2020) 57
Regional Overview 60
Middle East and Africa Regional Overview 60
Competitive Landscape 66
Table: Main Agribusiness Players 66
Demographic Forecast 67
Demographic Outlook 67
Table: Population Headline Indicators (Nigeria 1990-2025) 68
Table: Key Population Ratios (Nigeria 1990-2025) 68
Table: Urban/Rural Population and Life Expectancy (Nigeria 1990-2025) 69
Table: Population By Age Group (Nigeria 1990-2025) 69
Table: Population By Age Group % (Nigeria 1990-2025) 70
Methodology 72
Industry Forecast Methodology 72
Sector-Specific Methodology 73

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