Forecast: Import of Live Poultry to Nigeria

The import of live poultry to Nigeria in 2024 is projected at 523.04 thousand US dollars. This figure is expected to rise to 545.97 thousand US dollars in 2025, 568.45 thousand US dollars in 2026, 590.47 thousand US dollars in 2027, and 612.05 thousand US dollars in 2028. The year-on-year percentage increases are as follows: 4.39% from 2024 to 2025, 4.12% from 2025 to 2026, 3.87% from 2026 to 2027, and 3.65% from 2027 to 2028. Over the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) stands at approximately 4.01%.

Future trends to watch for include potential impacts from changes in agricultural policies, fluctuations in foreign exchange rates, and global supply chain disruptions. Additionally, shifts in consumer preferences toward locally-sourced poultry could influence import volumes. Monitoring developments in these areas will be crucial for understanding the trajectory of live poultry imports to Nigeria.