The pork demand in Nigeria has shown fluctuations over the years, with a notable dip in 2020 followed by a significant recovery in 2021. By 2023, demand stood at 291 thousand metric tons, reflecting marginal year-on-year growth of 0.34%. Over the last five years, the compound annual growth rate (CAGR) is a modest 0.14%, indicating relatively stable demand with slight upward momentum. Forecasts for the coming years show a gradual increase, with a 5-year forecasted CAGR of 0.19%, bringing demand to approximately 294.46 thousand metric tons by 2028.
Future trends to watch for include the impact of economic factors on consumer purchasing power, shifts in dietary preferences, and potential disruptions in the supply chain. Furthermore, monitoring government policies on livestock farming and imports will be crucial for anticipating changes in pork demand dynamics.
