The historical import data for dried apples to Nigeria shows significant variability from 2013 to 2023. In 2023, the import value stood at 72.66 Thousand US Dollars, marking a slight decline of 5.8% from the previous year. Over the decade, there have been notable fluctuations, including a peak in 2016 and a significant drop in 2017. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 is 29.59%, indicating considerable year-on-year variations.
Looking forward, the forecasted data suggests a consistent declining trend from 2024 to 2028, with an expected decrease of the import value to 49.29 Thousand US Dollars by 2028. The forecasted five-year CAGR is -6.16%, translating to an overall 27.24% decrease over these years.
Trends to watch for future analysis include:
- Policy changes affecting trade and import regulations in Nigeria.
- Fluctuations in domestic production and demand for dried apples.
- Global market conditions impacting the price and availability of dried apples.
