The nuts import volume in Nigeria for 2024 is expected at 8.93 thousand metric tons. Forecasts for subsequent years show a slight decrease: 8.88 thousand metric tons in 2025, 8.84 in 2026, 8.79 in 2027, and 8.75 in 2028. As of 2023, the import volume stood at 8.97 thousand metric tons.
The year-on-year variation indicates a marginal decline of approximately -0.56% from 2023 to 2024, and declines continue in a similar range yearly through 2028:
- -0.56% from 2023 to 2024
- -0.56% from 2024 to 2025
- -0.45% from 2025 to 2026
- -0.57% from 2026 to 2027
- -0.45% from 2027 to 2028
The Compound Annual Growth Rate (CAGR) over five years (2023-2028) is projected to be approximately -0.5%. This indicates a gradual decline in import volumes.
Future trends to watch for include changes in domestic production capabilities, shifts in consumer preferences, trade policies, and potential disruptions in global nut supply chains. Monitoring these factors will be crucial for anticipating further shifts in Nigeria's nuts import volumes.