Between 2013 and 2023, Nigeria's primary fibre crops production exhibited steady year-on-year growth, averaging a CAGR of 1.27% by 2023, despite a slight dip in 2020. Production grew from 1.39 thousand metric tons in 2013 to 1.62 thousand metric tons in 2023. The last two years saw minor annual increases of 1.2% and 1.19% respectively, indicating a relatively stable growth trajectory.
Forecasts suggest a consistent growth in production, predicting a volume of 1.72 thousand metric tons by 2028. The projected CAGR for the next five years is lower, at 0.93%, indicating a modest overall growth rate of 4.73% over this period.
Future trends to watch include potential impacts of climate change, advancements in agricultural technology, and changing economic conditions which could influence both growth rates and production volumes in the fibre crop sector.
