Forecast: Raw Sugar Equivalent Demand in Nigeria

  • 2024: 2.09
  • 2025: 2.11 (+0.96% YoY)
  • 2026: 2.12 (+0.47% YoY)
  • 2027: 2.13 (+0.47% YoY)
  • 2028: 2.15 (+0.94% YoY)

The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is anticipated to be 0.70%.

Future trends to watch for include increasing demand due to population growth and potential policy changes promoting local sugar production to reduce imports.

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