Key Market Indicators
Nigerian Alcoholic Drink Consumption is projected to hit 16,000 metric tons by 2028, up from around 16,000 metric tons in 2023. This marks a modest annual growth rate of 0.2%. Notably, demand in the country has remained steady since 2019. In contrast, Nigerian alcoholic drink exports are expected to decline slightly. By 2028, exports are forecasted to reach approximately $21 million, down from $21.4 million in 2023. This represents an average annual decrease of 0.1%. Since 2001, the country's supply has consistently fallen at a rate of 0.4% per year.
