Forecast: Coffee Demand in Nigeria

The demand for coffee in Nigeria, expressed in volume, stood at 10,000 metric tons in 2023. Over a decade, an initial stagnant period from 2014 to 2017 showed no growth, followed by a significant leap in 2018 with a year-on-year increase of 42.86%. Fluctuations continued, with demand decreasing slightly in 2019 and 2020, followed by recovery and stabilization from 2021 to 2023. The year 2023 held steady with no year-on-year change. A 5-year CAGR of 7.39% highlighted considerable growth in the recent half-decade.

Future trends indicate a moderate but steady increase from 2024 to 2028, with forecasted average annual growth of 1.51% and an overall growth of 7.76% over these five years. This uptrend suggests evolving coffee preferences and potential market expansion.

Future trends to watch for:

• Increased urbanization and rising middle-class income pushing coffee demand.
• Global supply chain volatility potentially affecting coffee imports and local prices.
• Potential growth opportunities in local coffee production and processing industries.