The centrifugal raw sugar production in Nigeria stood at 26.7 thousand metric tons in 2023. Over the past decade, production has experienced significant variability. The most notable drop was between 2013 and 2014 with a 60% decrease. However, there were periods of recovery and growth such as between 2016 and 2018. The trend in the last five years has shown a delicate decline with a CAGR of -2.3%. Forecasts suggest slight declines in production going forward, with a projected five-year CAGR of -0.65% and an overall forecasted shrinkage of -3.2% by 2028.
Future trends to watch for include the impacts of technological advancements in sugar production processes, governmental agricultural policies, and climate change factors which could influence crop yields and productivity. Additionally, local and global economic conditions could also affect production levels and investment in the sector.
