The import value of sugar confectionery to Nigeria has experienced significant fluctuations over the past decade, with notable declines in recent years. The year-on-year variations have shown a downward trend, indicating a decrease in import volumes. Over the last two years, changes have been modest with a slight decrease in 2022 (-3.71%) and 2023 (-3.77%). The forecasted CAGR for the next five years is -3.63%, suggesting a continued decline, totaling an overall reduction of -16.9% by 2028.
Future trends to watch include changes in consumer preferences, local production capabilities, and potential trade policies that could impact the importation of sugar confectionery to Nigeria.
