In 2023, the import value of prepared or preserved meat to Nigeria stood at 564.56 thousand US Dollars. Analyzing the forecasted data from 2024 to 2028, there is a noticeable, albeit slight, year-on-year decrease in the import values. For instance, in 2024, the value is projected at 563.3 thousand USD, representing a 0.22% decline from the previous year. By 2028, the forecasted value further decreases to 558.39 thousand USD, highlighting an average annual decrease of around 0.27% over this five-year period.
Future trends to watch for include:
- Potential influences from local production capacities and policies promoting local industry.
- Changes in consumer preferences towards freshly processed or locally sourced meat products.
- Impact of global trade policies and economic fluctuations on import levels.