The import of fresh or chilled garlic to Nigeria has shown significant variation over the past decade, with a notable increase in 2023 standing at 937.41 thousand kilograms. This value marks a 6.03% year-on-year rise, following a 6.56% increase in 2022 and a higher CAGR (Compound Annual Growth Rate) of 1.01% over the last five years. Historically, 2018 saw a massive surge of 899.41%, followed by fluctuations, including a notable downturn in 2017.
Looking ahead, forecasts indicate a steady annual growth, with a projected CAGR of 3.75% up to 2028, contributing to a 20.21% increase over these five years.
Future trends to watch for:
- Changes in domestic garlic production which may affect import volumes.
- Variations in trade policies impacting garlic importation.
- Fluctuations in global garlic prices affecting import costs.
- Potential shifts in consumer dietary preferences towards or away from garlic.
