The forecast for the import of oranges to Nigeria indicates a steady increase over the years. Starting with 248.54 thousand kilograms in 2024, the imports are projected to grow to 283.34 thousand kilograms by 2028. This marks an overall consistent upward trend.
The year-on-year variation percentage over the last two years, from the actual figures of 2023, indicates an increasing rate in imports. The year 2023 saw a lower volume compared to the forecasted values starting in 2024. The compound annual growth rate (CAGR) over the forecasted period shows a gradual increase averaging per year over the last five years.
Future trends to watch for include potential impacts of local agricultural policies on imports, changes in global orange production which may affect supply, and economic factors within Nigeria that may influence purchasing power and demand for imported oranges. Monitoring these variables will be essential for understanding and predicting future import dynamics.
