In 2023, Nigeria's demand for pineapples stood at 1.73 million metric tons. The forecasted data for the following years indicates a steady growth. In 2024, the demand is expected to reach 1.75 million metric tons, representing a 1.16% increase year-on-year. The trend continues with a 0.57% increase in 2025, a 1.14% rise in 2026, a 0.56% upturn in 2027, and a 1.12% increase by 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 0.91%.
Future trends to watch for include potential shifts in consumer preferences towards locally produced fruit, impacts of climate change on pineapple production, and economic factors such as consumer purchasing power and agricultural investment. Monitoring these variables will be crucial for accurate future demand forecasting.
