Nigeria's Smoked Salmon Industry Hits Record Production, But Exports Decline

Production and consumption of smoked salmon in Nigeria reached record levels in 2024. However, declining exports and imports hint at potential challenges ahead.

, and Administrator

2025 October 3 . 8:01 AM

2 min read

This picture might be taken in a market, in this picture at the bottom there are some fishes and... — This picture might be taken in a market, in this picture at the bottom there are some fishes and some boards. And in the center there are some people who are walking and some of them are cutting fishes, and in the background there are some stores, boards, poles, and lights.

Nigeria's Smoked Salmon Industry Hits Record Production, But Exports Decline

Nigeria's smoked salmon industry has witnessed remarkable growth in 2024, with production soaring to an unprecedented level and exports reaching their peak. However, the year also saw a decline in stock market today exports and imports, raising questions about the market's stability.

In 2024, Nigeria's smoked salmon production surged to a record high, indicating resilient growth and a likely continuation of this trend in the near future. Despite this, stock market exports decreased by X% to X kg, marking the second consecutive year of decline after two years of growth. The primary destination for Nigerian smoked salmon exports remained South Africa, accounting for a X% share of total exports.

The Nigerien smoked salmon market experienced a strong increase in 2024, rising by X% to $X. This is the ninth consecutive year of growth after two years of decline. Conversely, imports into Nigeria showed a sharp setback, decreasing by X% to X kg in 2024. This decrease follows two years of growth and a peak in imports at X tons in 2012, which was not sustained.

The average import price of smoked salmon into Nigeria increased by X% to $X per ton in 2024. Meanwhile, the average export price from Nigeria rose by X% to $X per ton. Despite these price increases, overall consumption of smoked salmon in Nigeria reached a peak level and is expected to continue growing in the immediate term.

While 2024 saw a surge in smoked salmon production and market growth in Nigeria, it also brought a decline in stock market today exports and imports. The market's future trajectory remains uncertain, with potential challenges ahead despite the recent peak in consumption. Further analysis is needed to understand the factors driving these trends and the role of Nigerian companies in the global smoked salmon market.