Analysis of Key Sectors of Nigeria Dairy Industry in Saudi Arabia | Page 5

Farmers escape butter production Declining production Ailing Butter Manufacturing Industry (tons) 70000 6000 60000 •Low output •High technology costs •Increased prices per unit •Results in lower exports 5000 50000 4000 40000 3000 Imports rising as they are cheaper than homegrown butter •96% of cheese consumed in the country are provided through imports Consumption has been growing •Expected to grow at 4.69% per year up to 2020 •Higher per capita income allows purchases of costly domestic butter •Peak demand during Ramadan and Hajj 30000 2000 20000 1000 10000 0 0 2010 2011 Consumption 2012 Imports 2013 Production 2014 2015 Exports