The imported volume of milled rice in Nigeria is forecasted to show a slight but steady increase from 2024 to 2028, starting at 2.13 million metric tons in 2024 and reaching 2.21 million metric tons by 2028. In 2023, actual imports stood at 2.11 million metric tons. Year-on-year, this represents an incremental annual growth of about 0.9% over the past two years. Over a five-year period, the compound annual growth rate (CAGR) averages approximately 0.9% per year.
Future trends to watch for include the impact of government policies on local rice production, potential economic shifts affecting consumer purchasing power, and global market conditions influencing import prices. Monitoring these factors will be essential for understanding and predicting future import dynamics.