Based on the provided data, the import of fresh cheese to Nigeria is projected to increase gradually over the next five years. The value for 2024 is forecasted at 343.75 thousand USD, progressing to 358.37 thousand USD by 2028. Year-on-year variations indicate steady growth: 1.08% from 2024 to 2025, 1.06% from 2025 to 2026, 1.03% from 2026 to 2027, and 1.00% from 2027 to 2028. Over the last two years, this consistent increment suggests a stable demand for fresh cheese imports, while the 5-year CAGR stands at approximately 1.065%.
Future trends to watch for:
- Potential market shifts driven by changes in consumer preferences towards local cheese production.
- Impact of government import policies and tariffs on dairy products.
- Influence of global dairy supply chain disruptions on import costs.