The production of whole fresh cow milk in Nigeria displayed some fluctuations over the period from 2013 to 2023. In 2023, the volume stood at 532.7 thousand metric tons. There was a notable drop from 2015 to 2016, with a slow recovery observed in the subsequent years. Over the last two years, year-on-year variations were 0.49% for 2022 and 0.48% for 2023, indicating a modest but stable upward trend. The last five-year CAGR averaged at 0.63%, reflecting modest long-term growth.
Looking forward from 2024, the forecasted data indicates continued but slightly decelerating growth with a forecasted 5-year CAGR of 0.39% and an overall growth rate of 1.95% over the period ending in 2028.
Future trends to monitor include:
- The development and implementation of modern dairy farming techniques which could influence production efficiency.
- Potential governmental policies aimed at boosting local dairy production.
- Possible climatic changes and their impact on dairy farming conditions in Nigeria.
