In 2023, Nigeria's alcoholic beverages export volume stood at 8.3 thousand metric tons. The forecasts for 2024 to 2028 indicate a gradually declining trend in export volumes. From 2024 to 2025, the volume is expected to decrease by 1.1%, followed by a decrease of 0.99% from 2025 to 2026. The downward trend continues with a 1.12% decrease from 2026 to 2027 and a 1.01% decline from 2027 to 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 projects an average annual decline of approximately 1.01%.
Future trends to watch for include potential shifts in global demand, changes in domestic production capacities, and alterations in trade policies that could impact Nigeria's export volumes of alcoholic beverages. Monitoring these factors can provide insights into potential market adjustments and opportunities for strategic planning.