From 2013 to 2023, Nigeria's sugar cane production exhibited fluctuating growth, beginning at 1.272 million metric tons in 2013 and reaching 1.5656 million metric tons in 2023. The year-on-year percentage variations and CAGR trends indicate periods of growth and slight declines, such as a notable decrease in 2018 by 3.97% and incremental gains, culminating in a 1.55% increase in 2023 over the previous year. Over the past five years, the average annual variation was 1.78%.
Looking towards the future, from 2024 to 2028, Nigeria's sugar cane production is forecasted to continue growing at an average annual rate (CAGR) of 1.21%. By 2028, production is expected to reach 1.6901 million metric tons, reflecting a total growth rate of 6.18% from 2023. These projected trends indicate steady but modest growth in the sugar cane industry.
Future trends to watch for include potential impacts of climate change on crop yields, advancements in agricultural technology, policy changes affecting the agriculture sector, and shifts in both domestic and international market demand. These factors could significantly influence future production volumes.
