In 2023, Nigeria imported cheese and curd valued at approximately 4.7 million US dollars. Looking at the forecasted values from 2024 to 2028, there is a steady year-on-year increase in the import values, reflecting a consistent demand for these products. The annual variation in percentage shows a marginal growth from 1.76% to 1.9% each year. Analyzing this trend over the last two years, the CAGR (Compounded Annual Growth Rate) from 2024 to 2028 is approximately 1.84% annually.
Future trends to watch for include potential shifts in consumer preferences towards locally produced cheese and curd, the impact of economic policies on import tariffs, and fluctuations in global dairy prices. Additionally, an increase in health-conscious consumers may drive demand for specialty health-oriented cheese and curd products.
