Nigeria's Smoked Salmon Industry Sees Record Production Despite Export Dip
Nigeria's smoked lox industry has seen significant shifts in 2024. The average export price surged to $X per ton, up by X% from the previous year. However, exports have decreased by X% to X kg, marking the second consecutive year of decline.
Nigeria's smoked lox production reached a record high in 2024, valued at $X. Despite the decrease in exports, this indicates resilient growth. Consumption also peaked in 2024 and is expected to continue growing in the immediate term.
South Africa remained the primary destination for Nigerian smoked lox exports, capturing a X% share of total exports in 2024. Meanwhile, imports into Nigeria decreased by X% to X kg after two years of growth.
While smoked lox exports from Nigeria have decreased for the second year running, the industry's production and consumption have reached peak levels in 2024. The market in Nigeria has also risen by X% to $X, marking the ninth consecutive year of growth. Despite the recent dip in exports, the future outlook for the Nigerien smoked lox industry appears positive.
