The import of fruits, nuts, and fruit-peel preserved by sugar to Nigeria experienced significant fluctuations over the past decade. Following a peak in 2013, where imports surged by over 92%, there was a substantial decline in subsequent years, notably a 67% drop in 2014. Between 2016 and 2020, the market faced both increases and decreases, reflecting instability, highlighted by a 35% contraction in 2018. From 2021, imports saw modest growth, with a consistent year-on-year increase around 1% leading up to 2023. By 2023, the imports stood at approximately 139.06 thousand US dollars.
Looking ahead, forecasts suggest a steady yet slow growth trajectory, with a five-year CAGR of 0.9%. Expected yearly increases are around 1-1.5%, predicting imports to reach approximately 147.21 thousand US dollars by 2028.
Future trends to watch for include potential market stabilization factors, economic policies affecting import tariffs, and changes in domestic production capacities which could alter import dependence. Monitoring these elements will be crucial for a comprehensive understanding of Nigeria’s import dynamics in this sector.
