From 2014 to 2023, Nigeria's sorghum demand exhibited a relatively stable trend. The demand peaked slightly in 2016 at 7.15 million metric tons, then saw minor fluctuations, dipping to a low of 6.71 million metric tons in 2020. As of 2023, the demand stands at 7.1 million metric tons, rising consistently since 2020.
The year-on-year variations reflect minor increases and decreases, with significant drops in 2017 and 2018 and a notable recovery by 2021. The 2023 year-on-year growth rate is modest at 0.13%, while the five-year CAGR from 2019 to 2023 averages at 0.28%.
Looking ahead, the forecast indicates a continuation of this steady growth, with the five-year CAGR to 2028 projected at 0.11% and an overall growth rate of 0.57%. Key trends to observe include potential influences of climate change on agricultural output, shifts in domestic and global market demand, and policy changes affecting agricultural productivity.
