Key Market Indicators
Nigeria imported cotton for $3.9 million in 2021, a 56% drop from the $8.8 million imported in 2020. Since 2001, Nigerian demand for cotton has decreased by 36.6% year on year. Cotton production in Nigeria is expected to reach $108 million in 2026, a 2.7% reduction from the $127 million produced in 2021. The supply of cotton in Nigeria has been steadily decreasing since 1966 at a rate of 3.3% year on year.
