TAG: Poultry Market Overview "> Poultry Market

OVERVIEW OF NIGERIA POULTRY INDUSTRY

The Nigerian poultry industry is estimated at ₦ 300 billion ($850 million) and is comprised of approximately 220 million birds, which produced 770,000 MT of eggs and 340,000 MT of poultry meat in 2017.
According to the Poultry Association of Nigeria (PAN); the local poultry industry only meets 30% of the poultry needs of the nation. This is further collaborated by statistics from Eurostat. Eurostat findings high light that between 2009 and 2011, over 3 million MT worth of poultry products were imported into the Republic of Benin, with the preponderance of these products ending up in the Nigerian market. If this is reflected in overall assumptions, estimated poultry meat consumption in Nigeria is approximately 1.8 million MT as at 2017.

It is estimated that Nigeria spend over USD2 billion annually in imports of egg and milk powder products. Nigeria is said to spend USD1billion annually in importation of Egg Powder alone.