In 2023, the vegetables market size volume per capita in Nigeria stood at 71.82 kilograms. Forecasted data shows a slight decline year-on-year from 71.29 kilograms in 2024 to 69.28 kilograms in 2028, indicating a negative growth trend. Specifically, the year-on-year variation percentages are as follows: 2024 (-0.74%), 2025 (-0.73%), 2026 (-0.72%), 2027 (-0.70%), and 2028 (-0.70%). The Compound Annual Growth Rate (CAGR) over the last 5 years from 2023 to 2028 is -0.71%.
Future trends to watch for include factors affecting local agricultural yield, import policies, changes in consumer preferences, and potential impacts of climate change or technological advancements in farming which might counteract the decline. Close monitoring of these variables is essential for accurate future projections in the vegetables market.