Nigeria's pork production showed a steady upward trend from 2014 to 2023, reaching 291.0 thousand metric tons in 2023. Notable annual increases occurred in 2015 and 2021, with growth rates of 4.89% and 5.63%, respectively. Conversely, 2020 witnessed a decline of 4.67%. The compound annual growth rate (CAGR) for the last five years stood at 0.49%.
Forecasts from 2024 to 2028 predict a continued, albeit modest, increase in production, with a CAGR of 0.36% and an overall growth rate of 1.83% over the next five years. In 2028, production is projected to reach 297.84 thousand metric tons.
Future trends to watch for include potential impacts of climate change on livestock farming, shifts in consumer preferences towards alternative protein sources, and government policies affecting the agricultural sector. These factors could either hinder or enhance pork production growth in the coming years.
