The forecasted import of refrigerating or freezing furniture to Nigeria indicates a consistent growth from 2024 to 2028. In 2023, the actual import volume stood at 5.993 million kilograms. The year-on-year growth for the period 2024-2025 is approximately 3.77%, for 2025-2026 is around 3.56%, for 2026-2027 is roughly 3.37%, and for 2027-2028 is about 3.19%. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 shows an average annual increase of 3.50%.
Future trends to watch for in this space include advancements in energy-efficient refrigeration technologies and increasing demand from Nigeria’s burgeoning middle-class households. Moreover, trade policies and economic stability in Nigeria could significantly impact future import volumes.
