Forecast: Chicken Meat Production in Nigeria

The chicken meat production in Nigeria has shown fluctuations over the years, with the value standing at 256.29 thousand metric tons in 2023. The year-on-year variation from 2022 to 2023 was 0.92%, reflecting a relatively stable increase. Over the last two years, the production showed modest growth, while the Compound Annual Growth Rate (CAGR) over the last 5 years (2018-2023) was -0.3%, indicating a slight decrease on average each year. However, the forecast for the next five years suggests a growth trend, with the production expected to reach 268.55 thousand metric tons by 2028, indicating a CAGR of 0.74% during the forecasted period.

Trends to watch for in the future include:

• Implementation of new agricultural techniques and technologies to boost production efficiency.
• Impact of government policies and support for the poultry industry.
• Influence of climate change and environmental factors on production.
• Economic factors affecting poultry feed prices and overall cost of production.
• Market demand and consumer behavior shifts driving production adjustments.