Based on historical data, the UK exported 2.0 thousand metric tons of food waste to Nigeria in 2023. Forecasted trends show a gradual increase in exported food waste, reaching 2.08 thousand metric tons by 2028. Year-on-year variation percentages for 2024 to 2028 are as follows: 2024 (0%), 2025 (1.5%), 2026 (0.99%), 2027 (0.49%), 2028 (0.97%). The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 0.85%, indicating a steady but minimal increase over time.
Future trends to watch for include:
- Government regulations on food waste management which could impact export volumes.
- Technological advancements in food waste recycling and repurposing.
- Economic relationships and trade agreements between the UK and Nigeria.