The barley beer production in Nigeria stood at 1.8452 million metric tons in 2023. The industry experienced significant fluctuations over the past decade with a peak of 2.7 million metric tons in 2014 and 2015, followed by a notable decline, reaching 1.75 million metric tons in 2017. Despite a modest recovery, production stability remained elusive, with minor ups and downs leading to a slight overall decline to 2023.
In recent years, the industry showed mixed trends; while there was a slight increase of 4.88% in 2021, the subsequent years displayed marginal declines. Most notably, the year-on-year variation for 2023 showed a decrease of 0.36%.
Forecasted data from 2024 onwards suggest a continued gradual decline, with the CAGR projected at -0.3% over the next five years. By 2028, production is expected to further drop to 1.8107 million metric tons, reflecting a moderate downward trend.
Key future trends to watch for include the impact of economic policies, shifts in consumer preferences, and potential advancements in barley cultivation techniques. Additionally, global market dynamics and climate change may also influence production volumes and industry sustainability.
