Forecast: Coffee Production in Nigeria

From 2013 to 2023, Nigeria's coffee production exhibited volatility, with year-on-year variations ranging from -5.44% to 4.94%. The 2023 production stood at 40.85 thousand bags of 60 kg. Between 2019 and 2023, there was a decline indicated by a negative CAGR of -0.38%. Future projections show a continuous decrease in production, with a forecasted 5-year CAGR of -0.37%, leading to concerns of a cumulative decline of -1.85% by 2028.

Future trends to watch for include climate change impacts, changes in agricultural practices, and potential policy interventions aimed at boosting coffee production. Close attention to market dynamics and global demand will also be critical.