Nigeria Agribusiness Report

 Published On: Sep, 2016 |    No of Pages: 71 |  Published By: BMI Agribusiness | Format: PDF
Request Free Sample
BMI View: Our view on the Nigerian agribusiness sector is mixed. The cocoa industry assumes a greater importance in the country's medium-term economic future now that oil revenues can no longer be relied upon as an easy source of foreign exchange. We remain cautiously optimistic that cocoa plantations and processing facilities will continue to receive the public and private sector support needed to move forward. Poultry, dairy, sugar, rice and wheat consumption are expected to continue to depend very largely on imports to meet demand, although a much greater percentage of demand for each of these commodities (apart from wheat) could potentially be met by local production. In each case, consumption growth is expected to be weakened by the country's macroeconomic situation, particularly in the earlier years of our forecast period. Poor infrastructure, lack of access to inputs and basic technology, fragmentation and a lack of access to finance and expertise are among the factors that lead us to take a pessimistic view of the medium-term prospects for self-sufficiency.

Key BMI Forecasts

-Cocoa production growth to 2019/20: 44.5% to 289,100 tonnes. Global prices will remain sufficiently elevated to stimulate investment from government and private sector bodies.

-Corn consumption growth to 2020: 12.8% to 8.5mn tonnes. Population growth will be the key driver of increased demand.

-2016 real GDP growth: -0.8% (down from 2.8% in 2015).

-2016 consumer price inflation (ave): 15.1% (up from 9.0% in 2015).
BMI Industry View ............... 7
SWOT .... 9
Industry Forecast .............. 11
Cocoa Outlook ........ 11
Table: Nigeria - Cocoa Production & Consumption Outlook........... . . 11
Table: Risks To Outlook................ 12
Table: Cocoa Production & Consumption (Nigeria 2012-2020)..........14
Rice Outlook ........... 15
Table: Nigeria - Rice Production & Consumption Outlook........... . . . . 15
Table: Risks To Outlook................ 16
Table: Rice Production & Consumption (Nigeria 2012-2020)........... . 18
Livestock And Dairy Outlook ..... 19
Table: Nigeria - Poultry Production & Consumption Outlook........... . 19
Table: Nigeria - Pork Production & Consumption Outlook........... . . . . 20
Table: Nigeria - Milk Production & Consumption Outlook........... . . . . 20
Table: Risks To Outlook................ 21
Table: Poultry Production & Consumption (Nigeria 2012-2020).......... . . . . . . 22
Table: Pork Production & Consumption (Nigeria 2012-2020)........... 23
Table: Milk Production & Consumption (Nigeria 2012-2020)........... . 23
Grains Outlook ....... 24
Table: Nigeria - Wheat Production & Consumption Outlook........... . . 24
Table: Nigeria - Corn Production & Consumption Outlook........... . . . 25
Table: Risks To Outlook................ 25
Table: Wheat Production & Consumption (Nigeria 2012-2020)..........28
Table: Corn Production & Consumption (Nigeria 2012-2020)........... 28
Sugar Outlook ......... 29
Table: Nigeria - Sugar Production & Consumption Outlook........... . . 29
Table: Risks To Outlook................ 30
Table: Sugar Production & Consumption (Nigeria 2012-2020)..........31
Commodities Price Analysis ............. 32
Global - Global Commodities Strategy ......... 32
Table: Select Commodities - Performance And BMI Forecasts........... 32
Upstream Analysis ............ 34
Africa Machinery Outlook ......... 34
Table: How Africa Compares With Other Regions............ . . . . . 34
Africa GM Outlook .. 39
Africa Fertiliser Outlook ........... 46
Downstream Analysis ....... 53
Food ..... 53
Latest Updates ....... 53
Structural Trends ... 54
Table: Food Sales (Nigeria 2013-2020).............. 55
Regional Overview ............ 58
Middle East & Africa Regional Overview ..... 58
Competitive Landscape .... 64
Table: Main Agribusiness Players.............. . . . . . . 64
Demographic Forecast ..... 65
Demographic Outlook .............. 65
Table: Population Headline Indicators (Nigeria 1990-2025)........... . . 66
Table: Key Population Ratios (Nigeria 1990-2025)............ . . . . 66
Table: Urban/Rural Population & Life Expectancy (Nigeria 1990-2025)......... . . . . . 67
Table: Population By Age Group (Nigeria 1990-2025)............ 67
Table: Population By Age Group % (Nigeria 1990-2025)........... . . . . . 68
Methodology ...... 70
Industry Forecast Methodology 70
Sector-Specific Methodology .... 71
If the above report does not have the information suitable for your business, we can provide custom research that can be lucrative for your business or enhance your profession.