Nigeria's Smoked Salmon Industry Hits Record High in 2024 Despite Export Decline
Nigeria's smoked salmon industry experienced remarkable growth in 2024, with production values reaching peak levels of $X. Despite this, exports faced a setback, decreasing by X% to X kg, marking the second consecutive year of decline.
South Africa and Niger were the primary destinations for Nigeria's smoked salmon exports in 2024. South Africa accounted for a X% share, while Niger comprised X% of the total exports. However, overall exports decreased by X% to X kg, following two years of growth.
On the domestic front, the Nigerien smoked salmon market experienced a X% increase to $X in 2024, marking the ninth consecutive year of growth after two years of decline. Meanwhile, imports into Nigeria decreased by X% to X kg, but the value of imports surged to $X, reaching peak levels and indicating likely continued growth.
While smoked salmon exports from Nigeria faced a setback in 2024, the average export price increased by X% to $X per ton. Overall consumption in Nigeria attained peak levels and is expected to continue growing in the immediate term. Despite Nigeria not being traditionally known as a major producer or exporter of smoked salmon, the industry has shown remarkable resilience and growth.
