Key Market Indicators
The country was ranked number 4 in 2021, the United States overtook at $17,090 Million. The United States, Nigeria and Pakistan respectively came in numbers 1, 3 and 4 in this ranking. Nigeria's Agricultural GDP is projected to reach nearly $98 billion by 2026, an increase of 0.4% from 2021's $95.7 billion. Since 2015, the Nigerian market has grown 3.2% on average each year. In 2021, the United States overtook Nigeria for the top spot with $95,720 million, followed by Nigeria at number three and Pakistan at number four. Meanwhile, Nigerian Agricultural Production is set to decline to $4.3 billion by 2026, a fall of 22.1% from the 2021 figure of $17.1 billion. Since 1996, the Nigerian supply has decreased on average by 12% each year. In 2021, the United States was number one with $17.1 billion, followed by Nigeria at number three and Pakistan at number four.
Nigeria Agriculture Market Data and Forecasts
How much will Nigeria Agriculture Market grow to 2026?
More in Agriculture Industry for 2028Improve your Knowledge with the latest Indicators and Trends
-
Sheep Farming Global Trends: Uncovering Industry Strategies and Market Forecasts
Diverse factors influence the world’s ovine husbandry industry, presenting both vulnerabilities and prospects. Climate change has been a major disruptor in traditional pastoral regions, altering prime grazing patterns. At the same time, technological advancements are transforming this ancient practice; sensor technology, for instance, allows for more accurate livestock tracking and...
Discover more insights -
Pig Farming: A Global Exploration of Hog Production and Pork Market Trends
Global hog production appears to be concentrating in areas that harbor a combination of resource advantages, such as feed and capital availability, and market access. Asia, notably China, is the largest producer, accounting for over half of the world's pig population. Such geographical shifts are driven by the quest for...
Discover more insights -
Agriculture and Dairy Delve: Diverse Product Innovations and Future Projections Unleashed
In order to remain competitive and sustainable, the New Zealand agriculture and dairy sector is experiencing a surge in product innovations. Organizations in this segment are investing heavily in research and development, leading to advances in aspects such as processing techniques, breeding methods, and farm technologies. For instance, breakthroughs in...
Discover more insights -
Wholesale Agriculture: Unearthing Profit Potential in Live Animals and Material Markets
The live animal market plays an integral part in wholesale agriculture due to its extensive value chain which includes dairy, meat, and by-products like fur. A steady demand for meat and dairy products, coupled with advancements in animal farming technology, is driving growth in this sector. The potential for considerable...
Discover more insights -
Agricultural Films: Capturing Industry Trends and Revealing Unexplored Opportunities
The agricultural films industry is currently observing two substantial trends: sustainability and technological enhancements. With rising environmental concerns, there's a growing demand for degradable or recyclable agricultural films that produce minimal waste. Concurrently, technology advances including precision farming, remote sensing, and nanotechnology are also contributing to the evolution of these...
Discover more insights