Key Market Indicators
Nigerian frozen food exports have dropped by 25% since 2015, reaching close to $28,500 in 2021. This is down 3.9% from the figure in 2020. Demand for Nigerian frozen food imports is expected to reach $893,600 by 2026, with a 4.5% year-on-year CAGR. Since 2002, imports have jumped 15.9% annually. In 2021, Nigeria ranked 111th in the world for frozen food imports, with Saint Kitts and Nevis taking the lead at $683,400. The US, South Korea, and Japan followed in second, third, and fourth place, respectively.
